PFIPC Budget Controversy Sparks Calls for Investigation

• •Adeniyi Adeyemi claims he was detained during the PFIPC budget preparation.
• •Over N1.3 billion was allocated to PFIPC, raising questions about its legitimacy.
• •Calls for a transparent investigation are growing among civil society and opposition leaders.

The controversy surrounding the Presidential Foreign Investment Promotion Council (PFIPC) intensified as new claims emerged about its budget allocation. Adeniyi Adeyemi, the self-proclaimed Director-General of PFIPC, stated he was detained during the budget preparation period, raising questions about how over N1.3 billion was allocated to an agency reportedly lacking legal foundation. The House of Representatives summoned the Minister of Budget and the Director-General of the Budget Office to explain the allocation process. Opposition figures and civil society groups are demanding a transparent investigation, criticizing President Bola Tinubu's directive for a limited inquiry. The Senate has shelved its budget probe, while various stakeholders, including Afenifere and HEDA, are calling for a broader investigation beyond the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The situation has led to significant scrutiny of government processes and accountability regarding budgetary allocations.