Arrest and Investigation

Nigerian police have arrested Adeniyi Adeyemi Matthew, the man who allegedly ran a fake government agency, after weeks on the run. He was detained in Osun State, southwestern Nigeria, according to Africa News. The arrest came after a Federal High Court in Abuja issued a warrant on Tuesday; Adeyemi had skipped a hearing on forgery and impersonation charges.

The BBC reports that police confirmed operatives from its Force Intelligence Department and Intelligence Response Team carried out the arrest. Adeyemi is expected to be taken to police headquarters in Abuja for further questioning. The police had launched a manhunt for Adeyemi after allegations about the PFIPC surfaced last week.

The Fake Agency

The case revolves around the "Presidential Foreign Investment Promotion Council" (PFIPC), an agency that Adeyemi claimed was set up in 2024 to draw foreign investment into Nigeria. President Bola Tinubu's office has said the letter creating the PFIPC was forged. Police forensic analysis confirmed that the signature of the president's chief of staff, Femi Gbajabiamila, on the disputed appointment letter was forged, as reported by both Africa News and the BBC.

Despite its dubious origins, the PFIPC was far from invisible. It held office space inside Abuja's Federal Secretariat, the complex that houses many government ministries. It also opened accounts with the Central Bank of Nigeria and was listed in Nigeria's 2026 budget with an allocation of 1.3 billion naira, about $950,000 or £700,000, according to Africa News.

However, the Accountant-General's Office has since said the PFIPC never actually operated a central bank account and never received public funds or salaries. No record exists of it completing any deals, despite Adeyemi's claims about attracting foreign investment.

Court documents accuse Adeyemi and two others of using forged documents to set up and run the council, opening bank accounts in its name, and seeking official government recognition for an agency that didn't exist, as reported by both sources.

Adeyemi's Defense

Before his arrest, Adeyemi denied wrongdoing in interviews with local media. He said his safety was at risk, according to the BBC. "My life is in danger," he said, according to local reports, though he promised to appear in court to clear his name.

However, he was absent at the hearing on Tuesday. His lawyer, Genesis Francis, told the court he had been unable to persuade his client to attend, citing Adeyemi's safety fears. The lawyer said the defendant had written an open letter to President Tinubu expressing those concerns.

Key Claims

  • Arrest: Police arrested Adeyemi on Tuesday, and he is expected to be taken to police headquarters in Abuja for further questioning.
  • Forgery: The letter creating the PFIPC was fake, and police forensic analysis confirmed the signature of Femi Gbajabiamila was forged.
  • Agency's operations: The PFIPC had secured office space within the Federal Secretariat and opened accounts with the Central Bank of Nigeria, but the Accountant-General's Office said it never operated an account with the central bank nor received public funds or salaries.
  • Lack of deals: Adeyemi had claimed the PFIPC was set up in 2024 to draw foreign investment, but no record exists of it completing any deals.
  • Court documents: Adeyemi and two others are accused of using forged documents to establish and run the council, opening bank accounts in its name, and seeking official recognition for a non-existent agency.