Crown Prince Adeyemi Adeniyi, who falsely claimed to be the head of the illusory Presidential Foreign Investment Promotion Council (PFIPC), has dropped a bombshell regarding the agency’s funding.
Adeyemi revealed that he had stepped away from the project after the N1.3 billion allocation showed up in the appropriation paper in an interview he had with social media activist Martins Vincent Otse, also known as VeryDarkMan.
Allegations of forgery, impersonation, and conspiracy pertaining to the agency’s operations led to his arrest, and the recorded footage was allegedly leaked soon after.
According to Adeyemi, he went to the Budget Office in December 2024 to ask about PFIPC being included in the 2025 budget, but they told him that the deadline for submissions had already passed.
For the budget for the year 2025, I visited their Treasury Office. The letter and all of my requested materials were submitted, but I was informed that it was already late. “They informed me it would be for the 2026 budget instead when the 2025 budget came out and I didn’t see it,” he explained.
His account suggests that he met with upper-level authorities through a female official from the Budget Office, and that he was required to provide pleasure before his suggestion was even evaluated.
She aided me in recognising the oga. At this point, Oga asked, “Where is my shini?” Shini is not in my possession, as I mentioned before. After that, he requested that I meet with a single director, Adeniyi said.
In addition, Adeniyi stated that the director had told him that PFIPC could not be included in the 2025 budget due to the process having already been completed. However, the director had promised that PFIPC may be considered in the next budget cycle.
Claiming ignorance of PFIPC’s eventual appearance in the budget, he elaborated that all efforts pertaining to the proposed agency came to a halt due to his legal issues and subsequent detention.
According to 460PLAY, the PFIPC controversy has made headlines across the country after it came to light that the agency received over N1.32 billion in funding despite the fact that the federal government maintains that it was never formally created.
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