House Committee Expands PFIPC Probe with Fresh Hearings on Alleged Phantom Council

The investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC) has entered a critical phase as the Independent Corrupt Practices and Other Related Offences Commission (ICPC) interrogates the alleged founder of the council. At the same time, the House of Representatives continues its public hearing into the matter.

The House Ad Hoc Committee investigating the alleged “phantom” council is expected to receive key government officials today, including the National Security Adviser (NSA), the Attorney-General of the Federation (AGF), the Accountant-General of the Federation, the Minister of Foreign Affairs and other senior public officials.

Lawmakers are seeking to establish the legal status of the PFIPC, determine how it was created, and examine whether government agencies or officials played any role in its operations.

The latest development comes as the ICPC has begun questioning the alleged founder of the council, who is currently in police custody.

The anti-corruption agency’s investigation is running alongside the House of Representatives’ inquiry, with both focusing on the authenticity of the council, its interactions with government institutions and any possible misuse of public office or resources.

The ongoing probe seeks to establish how the PFIPC was created, whether it had legal backing and the extent of government involvement in its activities.

Members of the House committee are expected to question today’s witnesses on issues relating to the council’s legal backing, institutional approvals, financial records, inter-agency correspondence and the extent of any government involvement.

The outcome of both investigations is expected to provide greater clarity on the operations of the controversial council and could influence any legal or administrative actions that may follow.