₦airaland Forum

Ofunaofu:


Fake agency originated from Buhari government—Budget Office explains PFIPC allocation


•Explains how PFIPC was allocated money in the budget


The Budget Office of the Federation (BOF) yesterday explained that the Presidential Foreign Intervention Promotion Council (PFIPC), which the presidency declared as fake and is currently being investigated by the Independent Corrupt Practices Commission, ICPC, had its origin in the last administration of late President Muhammadu Buhari.



The Director-General of the Budget Office, Mr. Tanimu Yakubu who provided the explanation in a statement, after appearing before members of the House of Representatives, in Abuja said the PFIPC’s institutional origin was premised on the Presidential Economic Advisory Council inaugurated by President Muhammadu Buhari on October 9, 2019. He also explained how the fake agency was allocated money in the 2026 budget.

His words, “PEAC/PFIPC did not enter the 2026 Budget merely because it asked for funds. The Council had its origin in the Presidential Economic Advisory Council inaugurated during the administration of the late President Muhammadu Buhari on October 9, 2019. By the time preparation of the 2026 Budget began, official instruments had already been issued by the institutions charged with those functions.

“The Office of the Accountant-General of the Federation had assigned an administrative code to the PFIPC. The Office of the Head of the Civil Service of the Federation had approved an authorised establishment and a recruitment waiver. The applicable public-service salary structure also existed. These instruments did not come from the Budget Office. They came to it.

“The Budget Office did not create the Council. It did not assign its code. It did not approve its establishment. It did not grant its recruitment waiver. It received official instruments and did what the law required of it: it measured their fiscal effect.”

Mr. Tanimu further explained that the Council submitted a personnel estimate of N3.850 billion for the 2026 Fiscal Year and that his Office had to reduce that figure to N802.978 million, using the authorised establishment, the approved recruitment waiver, the applicable public-service salary structure and the extant costing methodology

According to the D-G, “Council later submitted a personnel estimate of N3,850,935,000.00. That estimate did not form the basis of the Budget Office’s recommendation. The Budget Office disregarded it and made an independent calculation using only the authorised establishment, the approved recruitment waiver, the applicable public-service salary structure and the extant costing methodology.

“That calculation produced N802,978,783.00. This was not a concession to the Council. It was the Budget Office’s own fiscal judgment. It was the amount placed in the Executive Budget proposal and later appropriated.

Financial Clearance closed gate against Council
Mr Yakubu said that the Council could not receive the approved funds for personnel because its promoter, Prince Adeyemi Adeniyi could not secure Financial Clearance, an instrument that confirms that necessary fiscal and regulatory had been met.

He said, “Financial Clearance is the point at which a personnel provision may begin to acquire legal force as expenditure. It is not a routine letter. It is the confirmation that the fiscal and regulatory conditions for recruitment have been met. Until it is issued, the figure remains in the budget. It does not create staff. It does not open payroll. It does not produce salary. The Budget Office did not issue Financial Clearance for PEAC/PFIPC because the conditions were incomplete.

“The 2026 Appropriation Bill did not become law until Presidential Assent on 31 March 2026. Before that date, the Budget Office could cost the proposal. It could not grant final Financial Clearance against a bill that had not yet become law.

“After assent, a further condition remained outstanding. The National Salaries, Incomes and Wages Commission had not confirmed that the proposed staffing and remuneration arrangements complied with its prescribed template and the approved public-service compensation framework.

“The Budget Office could calculate the cost. It could not open the gate. There was therefore no Financial Clearance. There was no lawful recruitment. There was no payroll enrollment. There was no salary payment.”

The D-G added, “The personnel provision was N802,978,783.00. It represented 61.63 per cent of the total appropriation of N1,302,978,783.00. It has sometimes been described as though the Council could have received the whole amount and spent it at will. That description is false.

“Personnel appropriations are not paid to agencies as lump sums. After every legal condition has been met, salaries are paid month by month. The money moves electronically into the designated bank accounts of verified employees enrolled on the Federal Government payroll.

“The institution does not receive the annual personnel provision as cash under its control. Even in a lawful process, the Council would not have received N802,978,783.00 in one payment. The money would have gone over twelve months to individual employees. That process never began. No Financial Clearance was issued. No recruitment took place. No payroll record was created. No salary became due. Not one kobo of the personnel provision could lawfully have been drawn. Not one kobo was drawn. There is no personnel expenditure to recover because there was no personnel expenditure.”

The PFIPC controversy became public on June 11, 2026, when the Chief of Staff to the president, Mr Femi Gbajabiamila, declared the Council as fake and petitioned the law enforcement agencies.


However, at a press conference on June 26, the Director General of the PFIPC, Prince Adeniyi Adeyemi faulted the presidency’s disclaimer. He alleged that Gbajabiamila received N400 million through a proxy and demanded an additional N200 million to secure his appointment — an allegation which the Chief of Staff denied and has sued him to court claiming N15b as damages for defamation. Adeyemi is currently in custody after he was arrested by the police in connection with the PFIPC scandal and alleged forgery.

Before his arrest, Adeyemi claimed he personally approached officials of the budget office to seek the inclusion of the Council in the federal government’s budget.

Recently, Central Bank of Nigeria (CBN) confirmed that it opened two domiciliary accounts linked to the PFIPC on the directive of the Office of the Accountant-General of the Federation (OAGF).

The apex bank, however, said the accounts, one denominated in United States dollars and the other in British pounds sterling, were never funded or operated


https://www.google.com/amp/s/www.vanguardngr.com/2026/07/fake-agency-originated-from-buhari-government-budget-office/amp/

As usual, they will blame the man tinubu continued from

Both sides of the same coin....

bobonla:
So Op u want me to read all these epistle u wrote up there?

Na why your leaders and senators dey pad budgets with fictitious details, cos Una no dey like read

b0rn2fuck:
I'm post like this deserves life ban

Honestly, it just shows the mental state of the poster

Smoothcom:
You sure na true noway for this people

Investigate and tell us the outcome, officer sadiq

EmmyMaestro:
Why is her face looking life she is wearing a mask

It's mentally challenging if you can't focus on topic.

Are you a woman beater?
You sound like one

Madam where is dadiyata, that was missing when your husband was governor?

See you can't cheat nature oo

Just pray let him not kpai in detention

Oil producer wey no fit refine her own fuel.

Na to dey depend on imports.

Disgraced country

BabaO2:
isaac fayose has no spine, he has been dragged and stampeded . lily liver somebody acting bold and strong.

He's bolder and courageous than you

TemplarLandry:
This mumu bros will eventually see the light.
No reasonable person will support that feminine man called Hobi.

Your tears are like caprisun.

Squeal along to bed

Richtaiwo:
If I talk now, one overzealous mod will ban me that I'm insulting igbos and it will appear as if it is bot. So let me keep quiet.

Yea shit your gob.

As if yahoo is localized to a particular people.

Where is the sense in what you are even saying?

Are you not seeing a white man there too?

Nice2023:
The first three guys who replied here are obviously not reasonable.

I am very sure they are still being fed at home and that is why we should learn how to draw the line between politics and is issues that bothers humanity.

In reality,those first three guys are shameless.

It doesn't even make sense how humans with brains can be so unreasonable.

It's a cause for concern really

simpleseyi:
Graduate of Animal Husbandry who is supposed to be running a big farm of cattle’s and chickens and making plenty money while making meet available, the dullard is on television calling himself journalist without going to school of Journalism and he is now surprised that cow meat is expensive

nigerias fall from.grace no even concern you.

Na to insult people wey speak out truth be Una own problem.

God forbid!

ashi gbakwa!....

Amotolongbo:
Imagine the “Mr Integrity” 😆

He has graduated from telling lies to posting fake pictures

He is heads and shoulders above your thieving president

He was in that hall live and direct.

So run along and squeal

cloud:
The question is why does this type of exploitative list affect only those that are not based in the village because I doubt if people based there can afford to go through with this type of exploitation. Or isn't culture applicable to everyone from a particular geographical area?

You already know it's exploitation

You already know it's directed at supposed or perceived rich folks.

Vanpascore:
It's not about being a bigot! Tell me why such cultural belief should not be changed?

That side of the country get as e be, even their reasonable sons and daughters know.

Na you sabi.....
since you are the one to decide someone's culture, welldone

If they come for your own, you start to hyperventilate, but here you are

Okoyeeboz:
See ehn, if you are not Igbo, you don't know what God has done for you.

Just be thanking God for your good fortune.

Bigot has spoken.

You mean it's not God that created igbos or what?

An opportunity for bigotry has come up, lick it and belleful

[b][/b]

Jayhome24:
Is it too late for you to be a drug dealer? You can still do the business to fit in your stew-pidity yarnish pooh from your mouth thinking you are funny.

Akara lo kan

Why body dey pepper you like this?

You wan carry kulikuli for head?

DomPerignon:
This is obviously fake news .

Convulsions never start

9jatriot:
To those folks who always claim that these 2 men would have done better. at least the report card is out and we can see that the things they recommended would have taken us many years backwards

These are the questions they are supposed to be asking lamba king to comment on, instead they will be asking him soft questions as if he is a music artist or social media creator.

The good thing is that he has at least confirmed that Nigerian CBN is doing a great job.

Still doesn't make tinubu less of a disaster.

He is a cankerworm that must be rooted out soonest.

Yes
Especially the APC ones that are under this thread, those that say egg is for the rich and clap hands when tinubu farts.

Those ones.

yemre:
But obidients will tell us how Peter Obi will win the north with 80% of their votes. Smh

Yes he will win.
If you have issues with that, take a long walk

Zionmdde:
Some people are proud to be called arewa
Some are proud to be called oduduwa

But have problem with those who wants to be called biafrans

In Nigeria hypocrisy is an identity card

As I always say, you are free to vote a bad leader by whatever metrics you wish to

And I am free to mock you when you reap the fruit of bad leadership
.let nobody gaslight nobody

The hypocrisy stinks to high heavens

Those ones standing close to his exfil point must have affected his acceleration.

nigerians and gather gather

bentenny:
It's about production cost.
The cost of locally producing a single item in Nigeria is extremely expensive compared to other countries around Nigeria.

This is why most imported products dominate the Nigerian market despite humongous taxes on such products.

So if raw materials are in your backyard, cost of production will be more expensive?

our9ja:
Really did you say their first ever world cup
?
You forget they beat Nigeria 3-1 or 4-1 think France
98

Denmark

Phraences:
Norway 6 England 4 (To be decided by penalty)

Bookmark this.

Is it the lack of sleep?

ibtommy:
Read again very well. This time around, free your mind of football mental stress and read again. Yeye you!

Coach coach.

Rayjay45:
Yeye coach.

Leave him on. Even a limping Haaland, given the opportunity, will score against this England defence.

You sabi like this, super eagles for qualify oo

franchasng:
The advantage of shooting shot which Norway refused to do.


The reason Spain will find it hard to win world cup is their inability to shoot shots outside the 18 yard box, and Norway went and copied that useless tactics.



Kane will soon score.



Norway lost the match during the first half that Solorth selfishly held the ball and refused to pass to Haaland to score. That was when Norway lost the match

So Norway copied tactics from Spain.

Interesting!

Norhing we no go see for nàiraland pundits

seunmsg:
You are just a presidential candidate and not a real contender. The contest in 2023 was between Tinubu and Atiku and the contest in 2027 will still be between Tinubu and Atiku. If you want a presidential debate so badly, go and debate Sowore of AAC and Gbenga Olawepo of Accord party candidate. Those are the presidential candidates in your cycle of presidential wannabes.

Yet he is giving you lots sleepless nights day by day.

Isn't God wonderful?

Wotowotoman:
Na Merino score for your tv?

Na you score

Sccarrr:
sorry for the sifia pains.....🤪🤪🤪

sorry for your soul oo.