ICPC: Fake Appointment Letter of Adeniyi Adeyemi Mathew Did Not Originate from the Presidency
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has declared that the appointment letter presented by Adeniyi Adeyemi Mathew, who allegedly paraded himself as the Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), was forged and did not originate from the Presidency.
Speaking at a press conference in Abuja on Thursday, ICPC Chairman, Dr. Musa Adamu Aliyu, SAN, disclosed the commission’s interim findings following a 30-day investigation ordered by President Bola Ahmed Tinubu on July 7, 2026.
According to the ICPC chairman, the interim report has already been submitted to the President, who directed that the findings be made public in the interest of transparency and accountability.
Dr. Aliyu stated that investigators established that Adeniyi Adeyemi Mathew was never appointed by the Federal Government or any recognized government authority. He further revealed that the Presidential Foreign Investment Promotion Council (PFIPC) has no legal backing, as it was never created through legislation, an executive order, or any other valid government instrument.
The commission also confirmed that the appointment letter and several other official-looking documents used by Adeyemi were completely forged and served as tools to facilitate the operations of the fictitious agency.
According to the investigation, the fake PFIPC unlawfully assumed the identity and operational structure of the former Presidential Economic Advisory Council (PEAC), including the unauthorized use of offices and official instruments to create the impression of legitimacy.
The ICPC further alleged that the suspect engaged in widespread impersonation, false representation, and other illegal activities while presenting himself as the head of the non-existent agency.
The interim report also found that weaknesses in verification procedures, inter-agency oversight, and certain government administrative processes were exploited by Adeyemi, with some instances of negligence and possible connivance by public officials.
However, the commission emphasized that no Federal Government funds were approved or disbursed to the fake PFIPC or the former PEAC. It also clarified that no weaknesses were found in the operational systems of the State House or the Central Bank of Nigeria (CBN), describing their processes as sound and properly managed.
One of the key findings of the investigation is that the forged appointment letter did not originate from the Presidency, dismissing claims that the State House was responsible for the fraudulent document.
The ICPC also uncovered two additional fictitious government agencies allegedly created by Adeyemi. They include the FCT Investment Promotion Agency (FIFA) and the Foreign Investment Promotion Agency and Public-Private Partnership (FIFA-PPP).
Investigators said the suspect allegedly forged legislative documents presented as enabling laws to support the creation of these fake agencies and to facilitate the opening of bank accounts.
As part of its recommendations, the ICPC called for the full prosecution of Adeniyi Adeyemi Mathew. The commission also recommended administrative sanctions against public officers whose negligence or omissions enabled the illegal operations of the fake agencies.
Dr. Aliyu added that broader institutional reforms have been proposed to strengthen verification mechanisms and prevent similar incidents in the future.
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He concluded by stating that investigations are still ongoing into the activities, financial transactions, bank accounts, and collaborators linked to the fake PFIPC and Adeniyi Adeyemi Mathew.
