Inside the Fake Presidential Agency: How ‘DG’ Adeyemi Fooled Government and Opened CBN Accounts
A disowned ‘Director-General’, Adeniyi Adeyemi, set up a bogus Presidential Foreign Intervention Promotion Council (PFIPC) and used forged State House letterheads to penetrate top government offices. He secured office space at the Federal Secretariat, obtained self-accounting status, a budget code and even had the CBN open multiple domiciliary accounts for his non-existent agency. After a foreign affairs query, the chief of staff publicly disowned him, triggering EFCC and police investigations. Adeyemi now faces an eight-count fraud charge that could carry up to 21 years in prison. The saga highlights serious lapses in inter-agency validation and security checks. Critics are asking how a lone fraudster bypassed protocols to exploit national institutions.
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