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
Talata Mafara Attack: ISN Demands Intelligence Overhaul, Special Courts to Crush Banditry
By David Torough, Abuja
The Institute of Security, Nigeria (ISN) has called for a fundamental overhaul of Nigeria’s approach to terrorism, banditry and kidnapping, warning that criminal groups are becoming increasingly organised and capable of challenging the authority of the state.
The institute made the call while reacting to the reported invasion of Talata Mafara market in Zamfara State, where non-state actors allegedly imposed a ₦50 million levy and demanded 100 livestock, giving residents a seven-day ultimatum.
The ISN said the development exposed the need for security agencies to move beyond reactive operations and adopt stronger intelligence-led strategies capable of identifying and dismantling criminal networks before they launch attacks.
In a statement signed by its Deputy President and Chief Executive Officer, Barr. Adebayo Akinade, the institute said the activities of terrorists and bandits were no longer limited to isolated attacks but increasingly involved the control of economic activities, collection of illegal levies and disruption of legitimate livelihoods.
It warned that such activities could gradually establish a parallel system of criminal authority in affected communities if left unchecked.
The institute consequently urged the Federal and state governments to establish a coordinated security framework bringing together federal security agencies, state security outfits and vetted community guards.
It also called for the creation of a National Security Fusion Centre, supported by state-level fusion desks, to facilitate real-time intelligence sharing and faster responses to emerging threats.
According to the ISN, security agencies should penetrate criminal networks operating around markets, cattle-rustling routes and illicit livestock value chains while targeting the logistics and financial structures sustaining banditry.
It recommended regulated livestock markets and improved tracking systems to prevent stolen cattle from being absorbed into legitimate commercial channels.
The institute further proposed special courts for terrorism, kidnapping and banditry cases, arguing that a faster judicial process would strengthen the fight against organised criminal groups.
It urged the government to deploy modern technologies, including forest geo-fencing, livestock tracking, drones and citizen-reporting platforms, alongside improved tactical mobility and air surveillance.
The ISN also called for a two-hour rapid-response mechanism in vulnerable areas and increased investment in night-vision equipment and other specialised capabilities.
Beyond security operations, the institute advocated stronger community-based early-warning systems and local peace and security forums involving traditional rulers, farmers, market unions, faith organisations and civil society groups.
It urged citizens to report threats rather than surrendering to ransom and illegal levy demands, while encouraging communities to document attacks and preserve evidence for investigations and prosecution.
The institute said professional training in terrorism studies, intelligence management and counter-banditry operations should be strengthened as part of efforts to build a more effective national security architecture.
The ISN reaffirmed its readiness to support government and security agencies through research, training, policy advisory services and professional certification, saying a coordinated response was essential to restoring public confidence and protecting national development.
NEWS
Lagos Court Nullifies Onise of Ise Installation, Orders Withdrawal of Staff of Office
By David Torough, Abuja
The Lagos State High Court sitting in Lagos has set aside and nullified the purported installation and coronation of Ibrahim Adebowale Saliu as the Onise of Ise Kingdom in Lekki Local Council Development Area (LCDA) of Epe Local Government Area, Lagos State.
The court also ordered the Lagos State Government to immediately withdraw the letter of appointment, staff of office and recognition granted to Saliu, following the installation and coronation conducted at the Ministry of Local Government, Chieftaincy Affairs and Rural Development, Alausa, Ikeja, on August 21, 2026.
In a ruling delivered on Friday, September 11, 2026, by Justice Yetunde Adesola Adesanya of the Lagos State High Court, Igbosere, the court further ordered Saliu to surrender the letter of appointment, staff of office and other benefits of office obtained during the disputed installation.
The court also directed him to immediately stop parading or holding himself out as the Onise of Ise pending the hearing and determination of the substantive suit.
The ruling arose from a Motion on Notice for Mandatory Injunction filed on August 24, 2026, by Alhaji Adeniyi Atere and Mrs Idowu Adebisi Lana, the claimants/applicants in Suit No. LD/0022PRA/2026.
The defendants/respondents in the suit include the Lagos State Governor, the Attorney-General of Lagos State, the Commissioner for Local Government, Chieftaincy Affairs and Rural Development, the Ministry of Local Government, Chieftaincy Affairs and Rural Development, Epe Local Government Area, Lekki LCDA and four individuals identified as members of the selection process, while Saliu is the 11th defendant/respondent.
The dispute centres on the process that produced Saliu as the Oba-elect and subsequently led to his appointment and installation as Onise of Ise.
A key issue before the court was whether the August 21 installation could stand after an earlier interim injunction had been issued restraining the state government and other specified defendants from taking steps to appoint Saliu as Onise of Ise.
Earlier court order
The ruling recalled that Justice S. I. Sonaike had, on August 13, 2026, issued an interim order restraining the first to fifth defendants from acting on a March 30, 2026 letter purportedly forwarding Saliu’s name as the Oba-elect of Ise Kingdom.
The order also restrained them from putting into effect any process aimed at appointing Saliu as Onise of Ise pursuant to the letter or instrument of nomination.
The court noted that the earlier order was made in the context of alleged non-compliance with the Obas and Chiefs of Lagos State Law, 2015, and the relevant Registered Declaration regulating the selection to the Onise of Ise stool.
According to the ruling, the interim injunction was to last for seven days unless renewed by the court, with August 20 fixed as the return date for a report of compliance and continuation of hearing.
The court further found that the enrolled order had been duly served on the relevant respondents and that there were acknowledged copies of the order in the court’s file.
Importantly, the ruling noted that the first to fourth respondents had themselves filed a motion dated August 18 seeking, among other things, an order discharging or setting aside the August 13 interim injunction or, alternatively, an order not to renew it.
Thus, the respondents were aware of the order and were actively challenging it through the judicial process.
Installation despite subsisting injunction
The claimants alleged that despite the service of the order, the state government proceeded with the installation on August 21.
The court recorded the allegation that the Special Adviser to the Governor on Local Government, Chieftaincy Affairs and Rural Development, Dr Nurudeen Yekini Lanre Agbaje, handed over the letter of appointment and staff of office to Saliu at the ministry.
Photographs of the purported coronation and installation were also tendered as an exhibit before the court.
The court subsequently made a significant finding on the conduct complained of. It held that the evidence before it established an infringement of the earlier court order, stating:
“Not only do the averments in the Affidavits support the grant of the Order sought, but there is also irrefutable evidence of the infringement of the Order of this Honourable Court of 13th August 2026 that entitles the Claimants/Applicants to the grant of the mandatory Orders sought in this application.”
The court’s finding is central to the judgment because the application was not merely seeking to prevent a future installation; the applicants were asking the court to reverse steps that had allegedly been taken while the interim order was still in force.
Court considers power to reverse completed act
Justice Adesanya considered the legal principles governing mandatory injunctions, noting that such an injunction is positive in nature because it requires a defendant to undo an act that has already been carried out.
The court reviewed several authorities, including CBN v. UTB (Nig.) Ltd., CBN v. Industrial Bank Ltd., Abubakar & 10 Ors. v. Jos Metropolitan & Anor., and H.R.H. Alhaji Ibrahim Sulu-Gambari & Ors. v. Alhaji Saadu A.O. Bukola.
Of particular relevance was the Court of Appeal decision in the Sulu-Gambari chieftaincy case, which the applicants had relied upon.
In that case, the Court of Appeal held that although injunctions generally do not restrain completed acts, an exception could arise where a party deliberately proceeds with an act after becoming aware of an application seeking to restrain it.
The court quoted the appellate court as stating:
“To condone such a situation amounts to encouraging ‘executive lawlessness’ which will only jeopardize the rule of law and civilized conduct.”
The Court of Appeal had consequently recognised that a restorative mandatory injunction could be used where a party deliberately acted in disregard of the authority of the court.
Justice Adesanya found that the principle was applicable to the circumstances before her.
Court orders reversal of installation
Having considered the processes, affidavits, exhibits and submissions of counsel, the court granted the application in full.
The first mandatory order compels the first to fourth defendants- comprising the Lagos State Governor, Attorney-General, the Commissioner for Local Government, Chieftaincy Affairs and Rural Development, and the ministry, to withdraw the appointment letter, staff of office and recognition of Saliu as Onise of Ise.
The court’s order specifically relates to the appointment and recognition arising from the August 21 installation and coronation.
The second order compels Saliu himself to surrender the appointment letter, staff of office and other paraphernalia of office associated with the disputed stool.
The third order directs him to stop parading or holding himself out as the Onise of Ise pending the final determination of the substantive suit.
The court’s fourth and most consequential order expressly sets aside and nullifies the purported installation and coronation.
The ruling states:
“AN ORDER OF THIS HONOURABLE COURT SETTING ASIDE AND NULLIFYING the purported installation and coronation of the 11th Defendant/Respondent as the Onise of Ise Kingdom…”
The court made clear, however, that the mandatory injunctions are interim orders and are not the final determination of the substantive chieftaincy dispute.
It expressly stated:
“THESE MANDATORY ORDERS OF INJUNCTION ARE GRANTED PENDING THE HEARING AND DETERMINATION OF THE SUBSTANTIVE SUIT.”
Court stresses obedience to its orders
The ruling also dealt extensively with the importance of compliance with subsisting court orders.
The applicants had argued that proceeding with the installation after service of the injunction amounted to executive lawlessness, self-help and an attempt to overreach the judicial process.
While those descriptions originated from the applicants’ grounds, the court’s decision ultimately accepted the central factual contention that the earlier order had been infringed and that mandatory relief was warranted.
The court also noted that the respondents, despite being aware of the proceedings and the interim order, did not proceed to have their pending August 18 motion determined before the disputed installation took place.
According to the ruling:
“The Respondents being fully aware of the pendency of these proceedings and the Order of this court chose to stay away from the proceedings, failed to move their pending Motion on Notice dated 18th August 2026, or defend the instant application rather proceeded to flout the Interim Order of this Court.”
The court consequently concluded that the circumstances justified the exceptional remedy of a mandatory injunction to restore the position that existed before the disputed act.
It therefore ordered that the state government’s recognition and instruments of office be withdrawn and that Saliu cease to hold himself out as Onise of Ise while the substantive case remains pending.
The substantive suit will determine the underlying dispute over the lawful selection and appointment to the Onise of Ise stool.
NEWS
Former PDP National Chairman, Bamanga Tukur is dead
Frontline business magnet and former National Chairman of Peoples Democratic Party(PDP), Alhaji Bamanga Tukur is dead. He was aged 90.
The former Governor of the old Gongola state passed on Saturday, September 12, after a protracted illness.
Eldest son of the deceased, Awwal D.
Tukur confirmed the demise of his father to newsmen in Yola.He however, gave no details.
Tukur, a nonagenarian was an international businessman who founded the African Business Round Table, which platform he used to market bsuiness opportunities on the continent to international investors.
He had a successful career in the public service and rose through the ranks to become the General Manager and Chief Executive of Nigerian Ports Authority(NPA) during the regime of General Yakubu Gowon.
He was appointed Minister of Industries by former Head of State, the late General Sani Abacha and after leaving office, remained an active political actor and effectively combined with the operation of his vast business empire, which spanned shipping, manufacturing among others.
He was reputed for his philanthropic gestures both in his home state of Adamawa and across the country.


