Reps Probe ₦400m Payment in PFIPC Contract Allegation
A House committee is investigating claims that a businessman paid ₦400 million to secure a ₦2 billion PFIPC contract.
Fresh allegations have emerged in the House of Representatives’ investigation into the Presidential Foreign Investment Promotion Council (PFIPC), with claims that ₦400 million was paid to secure a government contract worth ₦2 billion.
During an investigative hearing, the Managing Director of Divine Dopacy Nigeria Limited, Collins Oyekunle, alleged that he paid the money to the council’s embattled former Director-General, Mathew Adeyemi, as a condition for obtaining the contract. According to Oyekunle, the payment followed several meetings with Adeyemi and some of his associates.
The businessman told lawmakers that he did not provide the entire amount personally. Instead, he said the funds were raised through colleagues and other associates before being transferred in instalments in 2025. He also claimed the money was paid into different corporate bank accounts allegedly provided for the transaction.
The House committee questioned why such a substantial amount was transferred into accounts that had not been independently verified as belonging to a recognised government institution. Lawmakers also asked whether Oyekunle carried out any due diligence before making the payments.
As part of the ongoing PFIPC investigation, the panel said it would examine bank records, communications and other documents linked to the alleged transaction. The committee also pledged to invite every individual and organisation connected to the claims to provide further clarification.
Lawmakers said the allegations would be considered alongside other aspects of the investigation, including claims of forgery, impersonation, financial impropriety and the alleged misuse of government institutions by the disputed council.
Meanwhile, Mathew Adeyemi remains in police custody over allegations connected to the purported agency. He and his legal representatives have previously requested permission to appear before the committee to present their own account.
Do you think stricter verification processes could help prevent similar alleged contract scams in government institutions?
