House Probes ₦400m Contract Payment Claim

The House of Representatives ad hoc committee investigating the activities of the Presidential Foreign Investment Promotion Council (PFIPC) has received fresh allegations involving the payment of ₦400 million for a purported government contract. The latest PFIPC investigation centres on claims that the money was paid as a condition for securing a ₦2 billion contract.

During the investigative hearing, Collins Oyekunle, Managing Director of Divine Dopacy Nigeria Limited, told lawmakers that he paid the money to the embattled former Director-General of the PFIPC, Mathew Adeyemi. He alleged that the payment followed several meetings with Adeyemi and some of his associates, who reportedly made the ₦400 million a requirement before the contract could be awarded.

Oyekunle explained that he did not raise the entire amount from his personal funds. Instead, he said the money was sourced from colleagues and other associates before being transferred in instalments during 2025. According to him, the payments were made into different corporate bank accounts allegedly provided for the transaction.

Members of the committee questioned why such a substantial amount was transferred into accounts that had not been independently confirmed as belonging to a recognised government institution. Lawmakers also asked whether Oyekunle carried out adequate due diligence before making the payments.

The committee said it would review bank records, communications, and other relevant documents connected to the alleged transaction. It also pledged to invite every individual and organisation linked to the claims to provide further explanations.

According to the panel, the allegations will form part of its wider PFIPC investigation into alleged forgery, impersonation, financial impropriety, and the alleged misuse of government institutions by the disputed council.

Meanwhile, Mathew Adeyemi remains in police custody over allegations relating to the purported agency. He and his legal representatives have previously requested permission to appear before the committee to present their account of the matter.

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