Nigeria Senate Rejects Probe of ₦1.3bn PFIPC Allocation
Senate rejects motion to investigate ₦1.3 billion vote for non-existent Presidential Foundation for Infrastructure Development and Community Development in 2026 budget
Nigeria Senate has rejected a probe into the ₦1.3 billion allocation for the so-called PFIPC in the 2026 budget. The move comes after the House of Representatives launched an investigation into the matter, with lawmakers describing the development as embarrassing. The controversy began when it was discovered that a non-existent agency was allocated over ₦1.3 billion in the 2026 budget. The PFIPC was allegedly operating multiple accounts and hosted top government functionaries from Nigeria and abroad. However, the Presidency maintains that the agency does not exist. Authorities have accused Adeniyi Adeyemi of presenting himself as the director-general of the PFIPC and the Presidential Executive Advisory Council, both of which do not exist.
The investigation has raised questions about who compiled and vetted the 2026 budget, which included the non-existent agency. The Nigerian government and the police have yet to provide answers to these questions, leaving many Nigerians confused. In a related development, the Senate has also launched a probe into the alleged failure of some international oil companies to remit statutory contributions to the NDDC. The companies are said to have contributed $71.65 million and ₦30.9 billion to the commission. The Edo 2024 Governorship election has also been linked to the investigation.
More information can be found at Premium Times - Nigeria leading newspaper for news and investigations. The newspaper has reported extensively on the matter, including the PFIPC scandal and the urgent reforms required. Other sources include [House of Reps probes ₦1.3 billion vote to phantom PFIPC](https://www.premiumtimesng.com/news/headlines/893772-house-of-reps-probes-%E3%82%A61-3-billion-vote
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