ICPC questions Gbajabiamila over PFIPC
Analysis based on 9 articles · First reported Jul 21, 2026 · Last updated Jul 21, 2026
The scandal may erode public trust in government institutions and could lead to increased scrutiny of budget allocations. However, the direct market impact is limited as the entities involved are not publicly traded.
The Nigeria — Independent Corrupt Practices Commission (ICPC) questioned Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, on July 20, 2026, as part of an investigation into the fraudulent Nigeria — Presidential Foreign Intervention Promotion Council (PFIPC). The ICPC clarified that Gbajabiamila was not arrested but voluntarily responded to an invitation. The PFIPC allegedly operated for two years without legal backing, secured office space in the Federal Secretariat, obtained budget allocation, and opened bank accounts. President Tinubu ordered the ICPC to investigate and report within 30 days. Adeyemi Adeniran, the alleged director-general, faces charges of forgery and impersonation, and has claimed he paid bribes, including to Gbajabiamila's associate. Gbajabiamila denies the allegations and has filed a defamation suit. The House of Representatives has also launched a separate investigation.
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