​In a staggering development that has gripped the nation, the "Presidential Foreign Intervention Promotion Council" (PFIPC) scandal has evolved from a simple case of fraud into an explosive political war. At the center of the storm is Prince Adeniyi Adeyemi, who claims he didn't just stumble into the corridors of power—he paid for a seat at the table.  

​As the Presidency moves to brand the PFIPC a "fictitious entity," Adeyemi, the man once accepted in high-level meetings as its Director-General, is striking back with allegations that threaten to unravel the very fabric of the 2026 budget process.

​The ₦400 Million "Gate Pass"

​In a high-stakes press conference that has left observers stunned, Adeyemi dropped a bombshell: he alleged that his appointment was not a clerical error but a transactional agreement. He claims to have paid ₦400 million upfront via a proxy to secure his position, with a remaining ₦200 million balance left hanging.  

​According to Adeyemi, the entire operation began to collapse only when he refused to bow to further demands. He alleges that powerful figures within the system demanded a 48% cut of the council’s staggering ₦27.4 billion take-off grant. When he refused to play ball, he claims, the narrative shifted—and he went from an appointed "Director-General" to a "criminal impostor" in the blink of an eye.  

​The Budgetary Mystery: How Does a Ghost Get Funded?

​The most haunting question on every Nigerian's lips is not just who did this, but how. How does a "non-existent" agency secure a code, a name, and a line item in the Federal Republic of Nigeria's official 2026 Appropriation Act?

​The 2026 Budget details under the “Summary by MDAs” clearly list an entity described as the "Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council" (Code 0111062001) with a total allocation of ₦1.303 billion. This includes:  

  • ​₦802.98 million for personnel  
  • ​₦200 million for overhead  
  • ​₦300 million for capital expenditure  

​For an agency that the Presidency now claims does not exist, it certainly left a heavy footprint in the national ledger.

 Critics, including opposition figures, are now asking: If no one in the Presidency knew about this agency, who drafted the budget? Who reviewed the line items? And who signed off on ₦1.3 billion for a ghost?

​A Web of Deceit

​The Police investigation paints a different, equally chaotic picture. They allege that Adeyemi operated 34 bank accounts and utilized forged documents to mislead the Office of the Accountant-General of the Federation, even managing to open a CBN account in the agency's name. They maintain that no government funds were actually transferred into the account before his arrest, positioning him as a master con artist who successfully duped even the most diligent bureaucrats.  

​However, Adeyemi’s supporters and skeptics of the administration remain unconvinced. They point to the fact that he operated from the Federal Secretariat—the heart of the Nigerian civil service—for over a year. He held meetings with traditional rulers, diplomats, and senior government officials.  

​Is this the work of a lone wolf, or was Adeyemi a useful pawn in a much larger game of budgetary subversion?

​Infinite Pulse is following the money. As the Presidency calls for the law to take its course and Adeyemi demands an independent investigative panel, one thing is clear: someone is lying, and ₦1.3 billion of your money is at the center of the mystery.

​Do you believe this is a genuine case of a master imposter, or are we witnessing a "fall guy" scenario designed to hide deeper corruption within the budget process? Share your thoughts below.