NEWS
PFIPC Scandal: Reps Trace 58 Accounts to ‘Fake Agency’
By David Torough, Abuja
The House of Representatives ad hoc committee investigating the purported Presidential Foreign Investment Promotion Council (PFIPC) has uncovered 58 bank accounts allegedly linked to its disputed Director-General, Adeniyi Adeyemi, as well as 12 agencies, companies, foundations and related entities associated with him.
The committee, in its preliminary findings presented on Wednesday in Abuja, also flagged an alleged N400 million transaction involving claims that Adeyemi induced a company to make payments in four instalments after representing that he could secure a contract for the renovation, furnishing or improvement of an official residence purportedly allocated to him as PFIPC Director-General.
Chairman of the committee, Yusuf Gagdi, said preliminary financial information obtained from relevant institutions showed that more than 30 of the 58 accounts appeared to have been operated in the names of about nine agencies, companies, foundations or related entities.
Among the organisations identified were the FCT Investment Promotion Council and FCT Investment Promotion Agency and Public-Private Partnership; Confederation of United Nations Youths; Foreign Investment Promotion Agency; United Nations Youth Global Agency; United Nations Youth Global Foundation; World United Nations Youth Global Foundation; World Entrepreneurship University Limited; World Enterprise University Limited; FCT Investment Promotion Act; FCT Promotion Agency; and Olubadan of Ibadan Foundation.
The committee, however, stressed that the discovery of the accounts and entities did not, by itself, establish that every account, organisation or transaction was unlawful.
Gagdi said the panel was still reconciling registration records, account mandates, beneficial ownership information, signatories and transaction histories to determine the true ownership, control and purpose of the organisations and accounts.
According to him, similarities in the names, objectives, management structures, signatories and banking relationships of several of the entities had raised concerns about a possible pattern of creating or deploying organisations to project artificial credibility, obtain official recognition, solicit funds or induce members of the public to part with money.
A major finding of the investigation is that the purported PFIPC was never lawfully established.
The committee said it found no valid Act of the National Assembly, gazetted enactment, presidential executive order or other lawful instrument establishing the organisation.
It also raised concerns over documents allegedly used to confer official status on the council, including a purported presidential appointment letter for Adeyemi, an alleged Executive Order and a document presented as an Act of the National Assembly establishing the organisation.
Gagdi said evidence obtained from the State House indicated that the purported appointment letter was neither issued nor signed by the Chief of Staff to the President, Femi Gbajabiamila. The letterhead and reference number were also said to be inconsistent with official State House correspondence.
The committee consequently exonerated Gbajabiamila from allegations that he authorised, established or participated in the activities of the purported council.
Rather, the panel said evidence showed that he promptly alerted relevant security and investigative agencies after receiving information about the organisation’s activities, including the Nigeria Police Force, Office of the National Security Adviser, Department of State Services and Economic and Financial Crimes Commission.
The alleged N400 million transaction has emerged as one of the most significant financial aspects of the investigation.
According to the committee, a company alleged that Adeyemi induced it to make payments in four instalments after representing that he could secure a contract connected with the renovation, furnishing or improvement of a purported official residence allocated to him in his claimed capacity as PFIPC Director-General.
The panel said it was tracing the destination of the funds, identifying account holders and beneficial owners and determining whether public officers or private individuals participated in, facilitated or benefited from the transaction.
Gagdi said that if the allegations were established through competent investigative and judicial processes, they could disclose offences including fraudulent misrepresentation, obtaining money by false pretence, impersonation, conspiracy, forgery and offences relating to the concealment or movement of proceeds of crime.
Beyond the alleged financial activities, the lawmakers said the probe exposed weaknesses in the verification of government institutions and the processes through which organisations obtain administrative and budgetary recognition.
The committee is investigating how an entity it says was never lawfully established was nevertheless able to secure apparent recognition within the Federal Government’s administrative machinery and find its way into the 2026 budget framework.
The panel identified possible lapses in the creation of administrative and budget codes, authentication of official correspondence, allocation of government accommodation and processing of official-looking vehicle number plates.
The purported council allegedly reinforced its claim to government legitimacy by occupying office accommodation within the Federal Secretariat Complex and operating a website portraying it as a Federal Government institution.
The committee also said the organisation used the names, offices and photographs of President Bola Tinubu and other senior government officials without authorisation.
About 39 individuals were reportedly represented as employees of the purported organisation. The committee is examining their recruitment, appointment letters, identity cards and remuneration, as well as allegations that some prospective employees were required to make payments as a condition for employment.
The committee recommended that Ministries, Departments and Agencies immediately stop recognising, transacting with or extending government privileges to the purported PFIPC or any related entity whose legal status has not been independently verified.
It also urged relevant authorities to ensure that no appropriation, administrative code, warrant, cash backing, financial release or government facility is processed in favour of the organisation.
Financial institutions and investigative agencies were asked to preserve relevant account records, transaction histories, account mandates and beneficial ownership information.
The committee further called for the prompt conclusion of criminal and financial investigations and, where sufficient admissible evidence is established, prosecution before courts of competent jurisdiction.
It recommended the tracing, preservation, freezing and recovery of proceeds or assets derived from any established unlawful conduct, subject to applicable legal requirements and judicial authorisation.
The panel also proposed stronger authentication procedures for the creation of government institutions and administrative and budget codes, as well as official correspondence purportedly emanating from the Presidency and other high offices.
It recommended the establishment or strengthening of a centralised digital verification platform through which the lawful existence, establishing instrument and status of every Federal Government institution can be independently authenticated.
Gagdi said the committee would continue investigating the ownership and control of the identified accounts, the alleged N400 million transaction, the purported official residence, special number plates, occupation of government accommodation and the roles of public officers and private individuals connected with the matter.
He said outstanding evidence would be obtained from institutions and public officers yet to fully comply with the committee’s requests, while all affected persons would be given fair hearing before definitive conclusions are reached.
The chairman stressed that the findings presented were preliminary and did not amount to a final determination of criminal guilt, which remains the responsibility of courts of competent jurisdiction.
The committee’s final report is expected to be submitted to the House upon its resumption from its annual recess, after which lawmakers may consider, debate, adopt, amend or reject the findings and recommendations.
Gagdi said the investigation was ultimately aimed at protecting the integrity of Nigeria’s institutions and preventing individuals or organisations from manufacturing governmental authority for private advantage.
“The Presidency cannot be impersonated with impunity,” he said.
NEWS
10 Years. N1.2bn. 40+ Tertiary Institutions by 2026. OPay Is Here to Stay
For a Nigerian student, a scholarship can mean more than money. It can mean staying in school when a family is struggling to pay fees. It can mean being able to concentrate on lectures instead of worrying about how the next semester will be funded.
For some families, it can be the difference between a young person completing a degree and having to put education on hold.What started as a long-term commitment to students across 20 tertiary institutions is now taking another step forward.
With the signing of a new Memorandum of Understanding (MoU) with Miva Open University, the OPay N1.2bn 10-year scholarship programme, which sits in the broader OPay ScholarsProgramme, alongside the OPay National Innovation Challenge in partnership with Google and 3MTT, and OPay Futures, now has 25 partner tertiary institutions.
But there is more to come. OPay plans to extend the programme to 16 additional tertiary institutions by the end of 2026, bringing the total number of institutions covered to 41. For thousands of young Nigerians and their families, these numbers are not simply figures. They represent opportunities.
A commitment beyond a cheque
Education support in Nigeria is often associated with one-off donations or short-term interventions. OPay’s approach is different. The company has chosen to make a commitment that stretches across a decade.
The ₦1.2 bn 10-year scholarship programme is designed to provide sustained scholarship support to students over 10 years, creating a more reliable form of assistance for young Nigerians pursuing higher education. The recent partnership with Miva Open University further strengthens that commitment.
As a technology-driven university, Miva brings a flexible and technology-enabled approach to higher education. Its inclusion in the OPay ₦1.2 bn 10-year scholarship programme means more students can benefit from scholarship opportunities while pursuing their education through a different learning model. This latest partnership also sends a clear message about the programme’s direction: OPay is not looking to do less in the years ahead. It aims to reach more students and institutions.
A long-term bet on Nigeria
For OPay, the decision to invest in Nigerian students is ultimately a decision to invest in Nigeria itself. The young people receiving these scholarships are not simply students. They are future professionals, entrepreneurs, innovators, teachers, engineers, technology experts, healthcare workers and leaders. Their success will become part of the country’s success, and that is the bigger story behind the numbers.
For the student who can remain in school, the parent who can breathe easier, and the young Nigerian who can continue pursuing a dream, that commitment is not just a corporate announcement. It is an investment in a future that belongs to all of us, and OPay is making that investment for the long haul.
NEWS
NCS Sets Physical Screening for 2024/2025 Recruitment, Warns Candidates Against Absence
By Tambaya Julius, Abuja
The Nigeria Customs Service (NCS) has fixed physical screening and documentation for successful candidates shortlisted in its 2024/2025 recruitment exercise, warning applicants that failure to appear on their assigned dates could lead to disqualification.
The exercise will take place at the Nigeria Customs Command and Staff College (NCCSC), Gwagwalada, Abuja, with candidates expected to report strictly according to the dates allocated to their respective states and cadres.
The NCS Spokesperson, Deputy Comptroller Abdullahi Maiwada, announced this in a statement issued on Tuesday in Abuja.
Maiwada described attendance at the exercise as compulsory, urging shortlisted candidates to comply fully with the schedule and requirements communicated by the Service.
He said candidates must appear with both original and photocopies of the required documents for verification.
The documents include the National Identification Number (NIN), original birth certificate or declaration of age, as well as educational certificates covering O’Level, National Diploma (ND), Higher National Diploma (HND), degree and other applicable qualifications.
Candidates are also required to present a Certificate of State of Origin, two recent passport photographs, a completed Guarantor’s Form and NYSC Certificate, where applicable.
In addition to the documentation requirements, Maiwada directed candidates to appear in a white T-shirt, shorts and canvas shoes for the physical screening.
He explained that candidates who successfully complete the screening and documentation exercise would subsequently receive further instructions from the Service on the next stage of the recruitment process.
The spokesperson said the NCS had established the necessary mechanisms to ensure that the recruitment exercise was conducted transparently and on the basis of merit.
He said the Comptroller-General of Customs, Bashir Adeniyi, and the management team remained committed to ensuring fairness throughout the process.
“The NCS under the leadership of the Comptroller-General of Customs, Bashir Adeniyi and his management team, assure all candidates and the general public of a transparent, fair and merit-based recruitment process,” Maiwada said.
He further cautioned candidates against relying on unofficial information, advising them to obtain updates only through the Service’s recognised communication channels.
The recruitment exercise comes as the NCS continues efforts to strengthen its workforce and improve its operational capacity in revenue generation, trade facilitation and border security.
NEWS
A leadership Lesson for Nigeria from Dolly Parton
By Dakuku Peterside
Dolly Parton has never governed a state, controlled a public budget, or commanded the machinery of government. Yet her life offers Nigeria a timely lesson: leadership is measured not by the grandeur of office, the length of a convoy or the volume of publicity, but by the durable good created for others.
Parton built global fame through music, entertainment, and business.
She could have treated success as private property. Instead, she converted influence into service — supporting literacy, medical research, disaster relief, education, hospitals, and community programmes. Her example is not an invitation for Nigerian leaders to imitate an American celebrity. It is a reminder of a universal principle: influence is stewardship.Nigeria does not lack influential people. It has presidents, governors, ministers, legislators, regulators, traditional rulers, business leaders, religious figures, and celebrities. What it too often lacks is the disciplined conversion of influence into trusted public value.
Parton’s Imagination Library captures this distinction. Launched in 1995 as a local literacy initiative, it became an international programme that has distributed hundreds of millions of free books to children. Its significance lies not merely in generosity, but in institutional design. She did not simply give books on a celebrated occasion; she created a system capable of delivering them repeatedly.
During the COVID-19 pandemic, she donated $1 million to Vanderbilt University Medical Centre, supporting early research connected with the development of Moderna’s vaccine. The principle was straightforward: identify a public problem, commit resources, and support a practical solution.
Nigeria’s leadership deficit often begins where this sense of stewardship ends. Public office is too frequently approached as privileged access to contracts, appointments, protection, and personal accumulation. Political loyalty can outweigh competence; public resources are captured by private networks; and institutions are bent around the interests of those who temporarily control them.
The consequences are not abstract. The United Nations Office on Drugs and Crime’s 2023 national corruption survey found that 27 per cent of Nigerians who had contact with public officials paid a bribe during the preceding year. Although this was slightly lower than the 29 per cent recorded in 2019, cash bribes paid to public officials were estimated at approximately ₦721 billion in 2023.
Behind that figure are millions of humiliating encounters: a motorist compelled to pay at a checkpoint, a trader charged unofficially for a permit, a patient denied attention without inducement or a jobseeker expected to purchase an opportunity. When influence becomes a private commodity, citizens pay in money, dignity, and lost opportunity.
The deeper lesson from Parton’s philanthropy is that leadership must build institutions, not merely monuments. A ceremonial donation generates applause for a day; a credible literacy programme changes lives for decades. A ribbon-cutting attracts cameras; a transparent procurement system, a reliable hospital, or a professionally managed scholarship scheme continues to serve after the officeholder has departed.
Nigeria’s governance culture remains excessively attached to visible projects and individual personalities. Administrations arrive, rename inherited programmes, abandon unfinished projects, remove experienced officials, and announce new beginnings. Continuity is sacrificed to political ownership. Public institutions become temporary estates rather than enduring national assets.
The claim that most public institutions lack effective, public-facing systems for disclosing how they use public resources is not my conjecture. The evidence is clear. The 2025 Transparency and Integrity Index (TII) found alarmingly weak transparency and accountability across Nigerian public institutions. Of the 517 MDAs assessed, only six scored above the 50% benchmark, while the vast majority fell in the “red zone.” Nine MDAs scored zero.
The message is clear: institutions entrusted with public resources are falling seriously short on disclosure, accountability, and public-facing integrity. The picture is even more disturbing at the level closest to citizens. The Nigerian Local Government Integrity Index reported that 85 per cent of the country’s 774 local governments fell within the “very high” or “critical” risk categories, reflecting opacity, weak enforcement, and poor service delivery.
For citizens, institutional failure has a physical address. It is the primary healthcare centre without medicine, the community road rendered impassable by rain, the refuse left uncollected, the market without sanitation and the local council whose budget cannot be meaningfully examined. An institution is not strengthened because a new building bears a leader’s name. It is strengthened when rules work, professionals are protected, resources are accounted for and services reach the public consistently.
Nigeria’s preference for monuments over institutions is reinforced by a political culture that rewards what can be photographed. The remodelled Abuja City Gate, presented as a symbol of renewal, identity and national pride, illustrates the attraction of ceremonial achievements. A capital city should maintain attractive landmarks. But ceremonial visibility must not be confused with institutional progress.
The meaningful questions are less glamorous: Was the project cost publicly disclosed? Was procurement transparent? Is there a credible maintenance plan? What measurable improvement did it bring to the administration of the city? A monument may embody national aspiration, but without transparency and sustainable management, its symbolism can exceed its public value.
Institution-building rarely produces immediate spectacle. Transparent planning approvals, audited asset registers, responsive complaint systems, enforceable service standards, and competitive procurement do not always offer dramatic commissioning ceremonies. Yet these are the achievements that make government dependable.
Crisis provides an even sterner test. Nigeria regularly confronts floods, insecurity, displacement, food inflation, unemployment, and public-health emergencies. The official response often follows a familiar script: visits to affected communities, sympathetic speeches, high-level committees, promises of intervention and relief that arrives late — or not at all.
The 2022 floods exposed this gap between appearance and impact. Homes, farms, and infrastructure were destroyed, communities displaced and vulnerable households pushed deeper into hardship. A subsequent recovery assessment found that 80.4 per cent of surveyed households considered external flood-response and recovery services unhelpful.
That finding should trouble every level of government. Emergency leadership is not measured by the number of officials photographed in flooded communities. It is measured by whether warnings were acted upon; whether evacuation routes and shelters were prepared; and whether food, medicine, sanitation, compensation, and reconstruction reached affected families in time. Sympathy without an effective response is public relations, not leadership.
The removal of the petrol subsidy in 2023 presented a different but equally consequential test. There were defensible fiscal arguments for reform, including the enormous cost and questionable sustainability of subsidy spending. But economic logic does not erase human pain. Transportation, food, and energy costs increased almost immediately, while credible cushioning measures remained distant from the daily experience of many citizens.
A people-centred transition would have preceded sacrifice with preparation: a clear explanation of the policy, transparent accounting of the savings, targeted income support, dependable mass transportation, wage protection, food security measures, and safeguards for vulnerable households. Good leadership does not merely take tough decisions. It equips people to withstand their consequences.
This is where proximity matters. Parton’s working-class background did not remain a convenient detail in her biography; it informed the causes she supported. Nigeria’s governing class, by contrast, often appears insulated from the conditions under which most citizens live.
A citizen who spends hours navigating a broken road struggles to make sense of the sirens and convoys of officials who have failed to repair it. A family unable to afford treatment cannot easily trust leaders who routinely seek healthcare abroad while public hospitals deteriorate. Calls for citizens to “endure,” “sacrifice,” or “be patient” sound hollow when sacrifice flows in only one direction.
This distance is also democratic. Many Nigerians have little direct contact with elected representatives outside campaign periods. Leaders who enter communities to solicit votes may become inaccessible once elected. Major taxes, subsidy reforms, infrastructure choices, and budgetary priorities are frequently announced without meaningful consultation, accessible data, or functioning feedback mechanisms. Citizens become an audience for government decisions rather than partners in governance.
Humility offers a necessary corrective. Roads, hospitals, schools, and security services are not personal gifts from officeholders. They are public obligations financed by taxes, national revenue, borrowing and the work of civil servants and contractors. A governor who commissions a school has not bestowed private generosity upon the people; the governor has performed a constitutional duty.
Yet publicly funded projects are routinely personalised through oversized portraits, self-congratulatory publicity and naming practices that portray ordinary responsibilities as exceptional acts of benevolence. Institutional credit is displaced by personal glorification. The state becomes indistinguishable from the officeholder.
Humility also requires openness to scrutiny. Nigeria’s Constitution requires public officers to declare their assets upon assuming office, periodically while serving and at the end of their tenure. Yet concerns persist about compliance and the limited accessibility of declarations. When leaders resist disclosure or treat questions from journalists, citizens, legislatures, and civil-society organisations as hostility, they undermine the accountability that gives democratic office legitimacy.
Dolly Parton’s lesson is therefore not really about celebrity or philanthropy. It is about the moral purpose of influence. Leadership should leave behind stronger institutions, better-prepared communities, more educated children, greater public trust, and citizens who feel respected rather than exploited.
Nigeria will not be transformed by speeches, monuments, or ceremonies alone. It will change when those entrusted with power treat office as service, public resources as a sacred trust, crisis as a call to practical action and achievement as an invitation to humility. The true legacy of leadership is not how prominently a leader’s name is displayed, but how well the people continue to live when that leader is gone.
Dakuku Peterside is the author of Leading in a Storm and Beneath the Surface.


