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President Bola Tinubu has ordered a full forensic investigation into the formation of the Presidential Foreign Intervention Promotion Council (PFIPC) and other fake agencies found in the Federal Government’s system.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made this known on Wednesday while briefing State House correspondents after the Federal Executive Council meeting at the Presidential Villa, Abuja.
This was Tinubu’s first FEC meeting since June 29 when the FEC sat.
Oyedele said the decision was based on updates to the President on the investigation conducted by the Independent Corrupt Practices and Other Related Offenses Commission (ICPC).
The investigation, he said, revealed that this was not an isolated case and consequently, the President ordered a broader examination of government processes and controls.
That has to do with the fake agency called the Presidential Foreign Intervention Promotion Council, Oyedele said. We have given you the updates about the work that the ICPC has done, and as a consequence of that, the council has directed that we commission a forensic investigation that will look into our processes, our procedures, internal control weaknesses that allow some of these things to happen. The findings discovered that we indeed have additional fake agencies. Mr President
“The important thing is to figure out what went wrong, how we can prevent it and how we can strengthen our systems going forward. “You build systems when you find problems, you deal with them decisively and that is exactly what Mr President and council have directed today.”
Oyedele said Tinubu ordered that the investigation should also include the Integrated Personnel and Payroll Information System (IPPIS).
The uncovering of bogus government agencies has fueled fears that fictional workers may be on the Federal Government payroll, he said.
“The President directed that the review should include IPPIS because if you have fake agencies you most likely have fake employees,” Oyedele further said.
“We can’t have fake people hanging around in a country where you would have seen Mr President doing everything to ensure we enhance payroll, salaries and wages. “It hurts our ability to pay our people well, who are doing the hard work.”
The minister said additional salaries and allowances for civil servants were paid from subsidy savings and increased revenue of ₦9.495 trillion.
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He said the amount was more than the actual savings the Federal Government realized from the removal of petrol subsidy.
The investigation would also probe how the imaginary agencies got administrative and Treasury Single Account codes in the Federal Government system, Oyedele said.
The fake entities had gone so far as to have accounts set up but had not received any government money, he said.
The minister added: “They managed to register and get an administrative code and a TSA code. The only thing that didn’t happen was that we didn’t put any money into those accounts.
But it’s gone too far to even get there. “The idea now is we want to find out what went wrong and strengthen the system.”
“The Attorney-General of the Federation and his ministry have been directed to liaise with relevant government institutions to address the issue from administrative, accounting and governance perspectives,” he said.
Idris Reacts To ICPC’s Findings –
The Minister of Information and National Orientation, Mohammed Idris, stated that the ICPC findings had confirmed the problem was more than the fake Presidential Foreign Intervention Promotion Council.
Idris said investigators had identified at least two other fictitious agencies operating within the system.
Idris said: “The President was informed that it was not only about the so-called Presidential Foreign Promotion Council and the fake DG that was there, but there were at least two other fake agencies that were involved in that process.
“Now what the President said was that this is not only about accounting, it is also about the administrative looseness that was discovered by the ICPC.
Idris said Tinubu had directed the Attorney-General and the Finance Minister to jointly review the administrative and accounting procedures of the government and to engage the services of professional audit firms for a comprehensive forensic review.
The aim is to ensure that the loopholes which allowed the scandal to happen will be closed forever,” the minister said.
“So we have a forensic, total evaluation of this system, to plug this once and for all, so we don’t have this national embarrassment again,” he added.
I want you to know this isn’t happening just now. Maybe this predates the President being in office.
“The President is not just looking at this, he is looking at the possibility that this may have happened in other places as well and is trying to find a solution that will stop this from happening again going forward.















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