An old video of Prince Adeniyi Adeyemi Matthew, the self-acclaimed Director General of the Presidential Foreign Intervention Promotion Council, PFIPC resurfaced on Monday.
The video reignited the ongoing debate over the alleged N1.3 billion fund for the “ghost agency” linked to the Presidency.
In the clip from a late June 2026 press conference, Adeyemi could be seen challenging the Presidency and President Bola Tinubu’s Chief of Staff, Femi Gbajabiamila, over denials that the agency exists.
“How does a non-existent agency appear in official budget documents?” Adeyemi asked.
“The budget goes through the Budget Office, ministries, and the National Assembly. At what point did this agency enter the record?”, he questioned.
He further alleged that PFIPC operates multiple accounts at the Central Bank of Nigeria, CBN, including domiciliary, pounds sterling and TSA accounts.
“Is it possible to open accounts with fake documents at CBN, let alone a commercial bank?” he queried.
Adeyemi also accused the Chief of Staff of demanding 48 percent of the council’s proposed N27.4 billion take-off grant — about N12.5 billion.
The Presidency has repeatedly dismissed the claims, saying PFIPC has no legal backing and was never created by the Federal Government.
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