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Prince Adeniyi Adeyemi’s PFIPC Fake Agency: How It Started

by Honesty Victor
July 6, 2026
Reading Time: 3 mins read
Prince Adeniyi Adeyemi’s PFIPC Fake Agency: How It Started
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HOW IT STARTED: MARCH TO SEPTEMBER 2024

March 8, 2024: A forged appointment letter is dated. It carries the chief of staff’s forged signature, a fake State House letterhead, and falsified reference numbers. It names Adeyemi as Director General of the PFIPC. This is the founding document of the entire operation.

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March to September 2024 (exact date unconfirmed): Federal Secretariat office allocated at Phase III, 2nd Floor, Abuja. The forged letter was almost certainly the document used to secure government office space in a secured federal complex.

September 30, 2024: NITDA approves pfipc.gov.ng. A Nigerian government .gov.ng domain goes live for a fake presidential agency. NITDA runs a manual human verification process before approving any government domain. Someone contacted during that verification either confirmed the agency’s existence or failed to deny it.

By the end of September 2024, the operation had three layers of institutional credibility. A forged appointment letter. A Federal Secretariat address. A government-verified .gov.ng domain.

BUILDING THE MACHINE: APRIL TO SEPTEMBER 2025

April 4, 2025: Adeyemi writes to the accountant general requesting deployment of five civil servants to PFIPC. A separate letter requests transfer of two named staff from the Office of the Chief Economic Adviser to the President. Both letters are processed.

May 16, 2025: Adeyemi meets Deputy Speaker Benjamin Kalu at the National Assembly. Voice of Nigeria, Vanguard, Punch, Daily Trust, and The Eagle Online all cover the meeting as a legitimate government engagement. The World Investment Summit is publicly announced.

June 2025: Adeyemi receives a delegation from the China Investment Business Development Commission. A Nigeria-China bilateral investment platform is announced.

August 28, 2025: Three senior OAGF civil servants, Ojo Victor, Omeh Amarachukwu, and Wakili Saidu, are officially posted to PFIPC. Their posting letter is published on the OAGF’s own website. They resume on September 8 and are given a shared office with no assignments.

September 4, 2025: Adeyemi visits EFCC headquarters. Received personally by Chairman Ola Olukoyede. A joint press statement is issued regarding foreign direct investment.

September 2025: Adeyemi briefs NERC on preparations for the World Investment Summit.

September to December 2025: Budget code 0111062001 is inserted into the 2026 executive appropriation bill during this preparation window. N1.3 billion is allocated across personnel, overhead, and capital lines, including N182.5 million for World Investment Summit logistics. This code does not exist in the 2024 or 2025 appropriation acts. It was created fresh for 2026.

THE UNRAVELLING: OCTOBER TO NOVEMBER 2025

October 10, 2025: Adeyemi hosts foreign ambassadors at the Wells Carlton Hotel in Asokoro without the Foreign Affairs Ministry’s knowledge. He also requests a note verbale to facilitate US visas for PFIPC staff.

October 15, 2025: Ministry of Foreign Affairs flags the ambassador’s meeting and writes to the NSA and the Chief of Staff, demanding clarification.

October 17, 2025: The chief of staff petitions the DSS and police to investigate. The presidency’s statement presents this as the moment his office first became aware of the operation.

October 22, 2025: Dolapo Babatunde Tanimola, the man Adeyemi tells police helped him procure the forged appointment letter, dies in a fire at Kachi Hotel, Utako, Abuja. No independent news report of this fire exists anywhere. Police confirm the death through four separate channels: relatives, the hotel proprietor, the National Hospital, and burial records at St Matthew’s Anglican Church, Maitama.

October 27, 2025: Adeyemi arrested at the Federal Secretariat office. Home in Suleja searched. Documents recovered. A forged appointment letter dated March 8, 2024, is among the exhibits.

November 27, 2025: Eight-count charge filed at the Federal High Court against Adeyemi and two accomplices identified only as Femi and Anu. No surnames. Both at large. Adeyemi granted police bail.

THE BUDGET AND WHAT FOLLOWED: DECEMBER 2025 TO JULY 2026

December 19, 2025: President Tinubu presents the 2026 Appropriation Bill to NASS. Budget code 0111062001 is already inside the executive submission before NASS touches it.

April 2026: Voice of Nigeria publishes a report quoting Adeyemi as Convener-General of the World Investment Summit 2026. This is five months after his criminal charge and while he is on police bail.

April 17, 2026: President Tinubu signs the 2026 Appropriation Act. Budget code 0111062001, with N1.3 billion, survives every review stage and enters the gazetted law.

June 8, 2026: The Chief of Staff issues a public disclaimer after Adeyemi publicly claims the Chief of Staff appointed him.

June 25, 2026: Adeyemi holds a press conference making financial allegations against the chief of staff, including N400 million paid through a proxy.

July 1, 2026: The presidency issues a 1,279-word statement. Does not address the budget entry. Does not address the .gov.ng domain. Does not address NITDA. Does not name any civil servant.

July 2, 2026: WHOIS database confirms pfipc.gov.ng is still active.

July 27, 2026: Court date.

WHAT THE TIMELINE TELLS US

From March 8, 2024, to July 27, 2026, that is 28 months.

One forged letter dated March 8, 2024, unlocked a Federal Secretariat office, a NITDA-approved government domain, three officially posted civil servants from the OAGF, a Deputy Speaker meeting, a Chinese investment delegation, an EFCC Chairman visit, a NERC briefing, a foreign ambassador meeting, three CBN accounts, 314 civil service staff approvals from the Head of Civil Service, N1.3 billion in the signed 2026 national budget, and Voice of Nigeria coverage as a legitimate government agency five months after a criminal charge.

A lone con artist with one forged letter does not leave a 28-month trail across ten institutions. A system that was penetrated at multiple levels does.

July 27 is the court date. Every document in this timeline will be on that table.

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