Nigerian man charged with setting up fake government body with $1million budget

Nigeria arraigns boss of bogus government agency. Adeniyi Adeyemi Matthew pfipc Instagram Yesterday, I had the privilege of hosting a delegation of foreign investors alongside the Ambassador of Thailand at the Presidential Economic Advisory Council. Our deliberations focused on strengthening bilateral trade relations, expanding investment opportunities across agriculture, technology, manufacturing, and energy, as well as advancing economic cooperation that promotes sustainable development. We also explored avenues for cultural exchange, knowledge transfer, and the establishment of stronger institutional frameworks to support businesses and investors from both nations. This engagement reaffirms Nigeria?s commitment, under the Renewed Hope Agenda of President Bola Ahmed Tinubu, to deepening global partnerships that drive economic growth, create jobs, and open new frontiers of prosperity. Together, Nigeria and Thailand are charting new pathways towards shared progress and enduring diplomatic ties. ???????????? 56 w

A Nigerian man has been charged with defrauding the country by setting up a fake government agency and securing a $1million budget.

Adeniyi Adeyemi acted as the head of the Presidential Foreign Investment Promotion Council (PFIPC), a body the presidency denies ever establishing.

The agency got office space in the Federal Secretariat, the government’s central administrative building, and allegedly tried to access the central bank.

Adeyemi posted photos and videos on social media showing him hosting business leaders and foreign diplomats.

Prosecutors say he used a forged appointment letter purportedly issued by President Bola Tinubu and signed ​by his chief of staff, Femi Gbajabiamila.

He is also accused of using documents bearing presidential letterheads ⁠to request ​office space, staff deployments and cooperation from government agencies.

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Dressed in a white kaftan ​and baseball cap, Adeyemi smiled and chatted with his lawyers before prosecutors read eight charges against him including forgery and impersonation in ​court in the federal capital Abuja.

Adeniyi Adeyemi Matthew stands with officers of the Nigeria Police Force National Cybercrime Centre, at the Federal High Court in Abuja, Nigeria, September 30, 2026. REUTERS/Marvellous Durowaiye
Adeniyi Adeyemi Matthew looks on inside a courtroom before his arraignment at the Federal High Court in Abuja, Nigeria, September 30, 2026. REUTERS/Marvellous Durowaiye

The case has captivated Nigerians because of the sheer ambition of the alleged enterprise: a state agency that the government says did not exist appears to have negotiated several layers of state bureaucracy.

Adeyemi pleaded not guilty to all charges and was sent to prison detention until his ‌next scheduled ⁠court appearance on October 12.

For Nigeria, where corruption and weak oversight have long undermined public services and confidence in government, the case is seen reinforcing perceptions that official procedures can be bypassed with the right documents and claims of powerful connections.

Prosecutors have not accused any government officials of conspiring with Adeyemi, who was arrested ​in southwestern Osun state when ​a judge issued a ⁠warrant for him after he failed to appear in court five times.

Adeyemi had ⁠told a meeting in Lagos on September 26 that the police, Department of State Services and Independent Corrupt Practices and Other Related Offences Commission had cleared him of wrongdoing.

He has denied ​wrongdoing in interviews with local media, saying that the PFIPC was genuine and that he personally approached budget officials to secure its ​inclusion in government spending plans.

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