REPS PROBE 58 ACCOUNTS, N400M TRANSACTION

The House of Representatives committee investigating the alleged fake Presidential Foreign Intervention Promotion Council has uncovered about 58 bank accounts linked to the council’s detained Director-General, Prince Adeniyi Adeyemi.

The committee also identified an alleged ₦400 million transaction that it said may have involved fraudulent representations.

The chairman of the ad hoc committee, Yusuf Gagdi, disclosed the findings on Wednesday while presenting the panel’s preliminary report in Abuja. He said more than 30 of the accounts appeared to have been operated in the names of various agencies, companies, foundations and related organisations allegedly connected to Adeyemi.

According to the committee, the accounts and organisations are still being examined to determine their ownership, control and purpose. It stressed that the identification of the accounts did not mean that all of them were involved in illegal activities.

The panel is also investigating the alleged ₦400 million payment made by a company in four instalments after Adeyemi allegedly claimed he could secure a contract involving a purported official residence.

The lawmakers said they were tracing the funds and examining the accounts and individuals connected to the transaction.

The committee also found evidence suggesting that the purported council may not have been legally established and uncovered documents allegedly presented as a presidential appointment letter, Executive Order and National Assembly Act.

Gagdi said the investigation was still ongoing and that the findings were preliminary. He added that anyone found culpable after proper investigations would face appropriate legal action.