A video of the man at the centre of the alleged ₦1.3 billion “ghost agency” scandal, Adeniyi Adeyemi, resurfaced online on Monday as controversy over the purported Presidential Foreign Intervention Promotion Council (PFIPC) deepened.
According to Punch, the video, recorded during a press conference in late June 2026, showed Adeyemi defending his claim as Director-General of the alleged agency and challenging the Presidency’s position that the council does not exist.
During the briefing, Adeyemi questioned how an agency described as non-existent could appear in official budget documents.
He said, “The national budget does not emerge in isolation. It passes through multiple layers of technical drafting, executive coordination, ministerial inputs, Budget Office review, and finally legislative scrutiny by both chambers of the National Assembly.”
“The question becomes unavoidable: At what point in this process did references to a non-existent agency allegedly enter the official record? And if they are indeed present in official documentation, what does that imply about the integrity of the process that produced and approved those documents?” he asked.
Adeyemi also claimed that the disputed agency maintained several accounts with the Central Bank of Nigeria.
“The same acclaimed non-existent agency has a domiciliary account, a pounds sterling account and a Treasury Single Account, all domiciled in the Central Bank of Nigeria. Is it even possible to open an account with fictitious documents in a commercial bank in Nigeria today, let alone the Central Bank of Nigeria?” he said.
He further alleged that the Chief of Staff to the President, Femi Gbajabiamila, demanded 48 per cent of the agency’s proposed ₦27.4 billion take-off grant.
Adeyemi also referenced an alleged demand for ₦12.5 billion.
The Presidency has maintained that the PFIPC is non-existent and that Adeyemi was never appointed to head any such agency.
Watch the video below:
