The House of Representatives is set to begin an investigation into the controversial inclusion of N1.32 billion for the Presidential Foreign Investment Promotion Council (PFIPC), an agency the Federal Government says was never legally established.
The ad hoc committee, chaired by Yusuf Gagdi, will hold its inaugural session and public hearing at the National Assembly in Abuja.
The panel is expected to determine how the agency was included in the 2026 Appropriation Act and identify the stage in the budget process where the allocation was introduced.
The probe follows the arrest of Adeyemi Adeniyi, who allegedly posed as the Director-General of the PFIPC and is accused of facilitating the agency's inclusion in the budget.
Adeniyi reportedly claimed he paid N100 million through proxies to the President's Chief of Staff, Femi Gbajabiamila, to support the agency's establishment.
The allegation has been denied by both the Presidency and Gbajabiamila's office.
Several top government officials, including the Ministers of Finance, Budget and Economic Planning, Industry, Trade and Investment, the Attorney-General of the Federation, the Governor of the Central Bank of Nigeria, the EFCC Chairman and the Inspector-General of Police, have been invited to testify before the panel.
However, the committee has come under criticism for not inviting Gbajabiamila or Adeniyi, the two central figures in the controversy.
Some lawmakers and public affairs analysts argue that their exclusion could undermine public confidence in the credibility and transparency of the investigation.
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