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ICPC uncovers two more fake agencies under PFIPC
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ICPC uncovers two more fake agencies under PFIPCThe Independent Corrupt Practices and Other Related Offences Commission (ICPC) says its investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC) has uncovered two more fake government agencies allegedly created by its self-styled director-general, Adeniyi AdeyemiAccording to the commission, Adeyemi allegedly established the FCT Investment Promotion Agency (FIPA) and the Foreign Investment Promotion Agency/Public-Private Partnership (FIPA-PPP) as part of a wider fraudulent operation.
“The ICPC also discovered that Adeniyi Adeyemi created two additional fictitious government agencies apart from the one already known in the public domain,” he said.
“To facilitate the creation of these agencies, he used fake legislative instruments styled as enabling Acts and relied on them to open bank accounts.”
The ICPC chairman revealed that Adeyemi allegedly opened two commercial bank accounts in the names of the fake agencies to facilitate their activities.
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