TD The Office of the Accountant-General of the Federation (OAGF) has issued a clarification regarding the Presidential Foreign Intervention Promotion Council (PFIPC).
OAGF stated that the body has no operational account with the Central Bank of Nigeria (CBN) and has not received any funds from the federal government.
In a statement released on Monday, the OAGF dismissed reports suggesting that PFIPC had been allocated or accessed government funds through the apex bank.
The office stressed that the council is not recognized within the government’s financial framework and therefore cannot operate any account with the CBN.
“The Presidential Foreign Intervention Promotion Council (PFIPC) has no operational account with the Central Bank of Nigeria (CBN) and has not received any funds from the federal government,” the OAGF declared.
PFIPC “Not Formally Recognized”?
The clarification comes amid growing speculation and public concern over alleged disbursements to PFIPC.
The Accountant-General’s office emphasized that all financial transactions involving government agencies must comply with established regulations and transparency measures.
Any entity not formally recognized by the federal government, it noted, is barred from accessing public funds through official channels.
Analysts say the statement is aimed at dispelling misinformation and reinforcing confidence in Nigeria’s financial accountability systems.
The OAGF reiterated its commitment to safeguarding public resources.
It stressed that the government’s financial management processes are designed to prevent unauthorized access to funds.
Broader Concerns
The controversy surrounding PFIPC highlights broader concerns about transparency and accountability in Nigeria’s public finance system.
Civil society groups have repeatedly called for stricter oversight of government accounts and more proactive communication from financial authorities to counter misinformation.
By publicly distancing itself from PFIPC, the OAGF seeks to reassure Nigerians that the country’s financial institutions remain vigilant against irregularities.
The office also urged the public to rely on verified information from official sources rather than unsubstantiated claims circulating online.
This latest clarification underscores the federal government’s stance that accountability and transparency remain central to its financial operations.
As Nigeria continues to grapple with economic challenges, the assurance that public funds are protected from misuse is expected to bolster public trust in the nation’s financial management system.
“Fake Agency” Secured ₦1.3 Billion in 2026 Budget
Amidst the claims by the OAGF, however, available evidence shows that the so-called “fake agency” secured ₦1.3 billion in 2026 budget amid bribery claims against President Tinubu’s Chief of Staff.
Adeyemi Adeniyi Matthew faces charges of forgery and impersonation for running the Presidential Foreign Intervention Promotion Council, which the Presidency calls fake.
Yet, the 2026 national budget lists ₦1.3 billion for it, including funds for staff, overheads, and projects.
Adeniyi alleges Femi Gbajabiamila sought ₦400 million and more in bribes after he refused, while Gbajabiamila’s side portrays him as the one who exposed the scam.
Experts question how forged documents led to offices, bank accounts, and budget approval, exposing gaps in oversight.
