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| Adeniyi Adeyemi |
A Federal High Court in Abuja has struck out the eight-count charge against Adeniyi Adeyemi, director-general of the fictitious Presidential Foreign Investment Promotion Council (PFIPC), paving the way for his fresh arraignment before a court in the Federal Capital Territory.
Justice Mohammed Umar struck out the charge on Monday, October 12, 2026, after the Federal Government asked to end the proceedings.
Rotimi Oyedepo, the Director of Public Prosecutions of the Federation, told the court that the Attorney-General of the Federation had reviewed the case and found jurisdictional issues with the charge, which was originally filed by the Inspector-General of Police.
Oyedepo, a Senior Advocate of Nigeria, said the allegations involving documents allegedly forged in connection with Adeyemi’s operation of the purported agency fell under the jurisdiction of the FCT High Court, rather than the Federal High Court.
He said a fresh charge had been filed at the FCT High Court and that the government intended to arraign Adeyemi there without delay.
The prosecution asked the court to strike out the existing charge. Adeyemi’s lawyer, Ibrahim Angulu, did not oppose the application, and Justice Umar granted it.
According to reports, Adeyemi has been in police custody since he was arrested in Osun state on July 14.
Prior to his arrest, a federal high court in Abuja ordered his arrest after he failed to honour the court’s summons.
Adeyemi was the mastermind of the fictitious PFIPC that operated like a government agency, receiving an allocation in the 2026 budget, occupying an office at the federal secretariat and also recruiting staff, without any legal standing or presidential declaration.
He had alleged that Femi Gbajabiamila, chief of staff, collected N400 million through a proxy for the appointment letter into the fictitious agency.
Following public outcry, President Bola Tinubu ordered the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the PFIPC scandal.
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