The Nigeria Police Force has arrested the father and a family friend of Prince Adeyemi Adeniyi Matthew, the embattled self-styled Director-General of the controversial and purported Presidential Foreign Intervention Promotion Council (PFIPC) / Presidential Economic Advisory Council.
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Specifically, police operatives in four vehicles stormed the property located at Plot 3, Adeniyi Dynasty, behind Technical College, Road Safety Area, Ogbomoso, where they took the father and a visiting family friend into custody. The arrest marks a significant escalation in the ongoing investigation into an alleged N1.3 billion fraud and the operations of what the Presidency has firmly labeled a “ghost agency.”
​The PFIPC came under heavy scrutiny after the State House issued an institutional repudiation, clarifying that the council possesses no legal, administrative, or executive backing from the federal government.
​The wider scandal involving Adeyemi Adeniyi broke open following a whistleblowing petition from the Office of the Chief of Staff to the President, which requested the Department of State Services (DSS) and the police to investigate “fraudsters and impostors” forging presidential seals and appointment letters.
​According to a comprehensive brief released by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, police investigations into Adeyemi’s activities revealed an intricate scheme.
Adeyemi allegedly set up an unauthorized office on the second floor of the Federal Secretariat Complex, Abuja, where he held rogue meetings with foreign ambassadors.
Investigators discovered that the suspect operated 34 different bank accounts, nine of which were tied to fake agencies. He also allegedly misled the Office of the Accountant-General of the Federation into opening a Central Bank of Nigeria (CBN) account.
The suspect allegedly attempted to solicit a note verbale from the Ministry of Foreign Affairs to fraudulently secure United States visas for his “staff.”
​Adeyemi, who was initially arrested in October 2025 and is currently out on police bail, has fiercely pushed back against the presidency’s narrative. In a recent press briefing, he accused high-ranking government officials of demanding up to 48% of a purported N27.3 billion take-off grant, claiming he had already paid N400 million through a proxy. He further questioned how the agency could be fake if references to the PFIPC allegedly appeared in pages of the 2026 Appropriation Act.
​The Presidency has dismissed his defense as the “desperate counteroffensive of a con artist,” noting that Adeyemi has a prior history of title inflation and misrepresentation dating back to 2016.
​With an eight-count criminal charge of forgery, impersonation, and obtaining money under false pretenses already pending at the Federal High Court in Abuja, the arrest of his father and family friend in Ogbomosho, adds a fresh layer of complexity to the case. Adeyemi and his primary accomplices are scheduled to appear in court on July 27, 2026.
​Police authorities have stated that investigations remain ongoing, and more individuals linked to the multi-million naira administrative scam may still be rounded up.
