Controversy Over N1.3 Billion Allocation to Allegedly Non-Existent Council in Nigeria

A controversy has emerged regarding the N1.3 billion allocation made in Nigeria’s budget to the Presidential Foreign Intervention Promotion Council (PFIPC), also known as the Presidential Economic Advisory Council (PEAC). The council, which was allegedly headed by Prince Adeniyi Adeyemi, received an administrative code from the office of the Accountant-General but lacked independent verification of its enabling authority. The Presidency has maintained that the agency was never established and dismissed Adeyemi as a "criminal impostor." The controversy was further fueled by allegations that Adeyemi paid N400 million to President Bola Ahmed Tinubu's Chief of Staff to secure his appointment.

The incident highlights deep flaws in Nigeria's budgeting process and fiscal management. The allocation was made despite the council's establishment not being independently verified, leading to questions about the use of public funds. The matter involves the potential misuse of funds intended for the country's operations.