News
ICPC: Adeyemi’s fake letter not from Presidency
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that Adeniyi Adeyemi Mathew was never appointed by the Federal Government and that the so-called Presidential Foreign Investment Promotion Council (PFIPC) was a fictitious entity.
Speaking at a press conference in Abuja on Saturday, ICPC Chairman Dr. Musa Adamu Aliyu, SAN, disclosed the findings of the agency’s 30-day probe ordered by President Bola Tinubu on 7 July 2026.
“Recall the President on 7th July, 2026 gave ICPC 30 days to investigate into the fake Presidential Foreign Investment Promotion Council and today is exactly 30 days. I have just submitted the interim report and briefed Mr. President accordingly,” Aliyu said.
He stated that the President, in the spirit of transparency and accountability, directed him to address the media for the benefit of Nigerians.
According to the interim report:
- Adeniyi Adeyemi Mathew was never appointed by the Federal Government or any authority of government.
- The PFIPC was never established by any law, executive order or other valid instrument of government.
- The appointment letter presented by Adeyemi was completely forged, along with similar documents used to sustain the illegal activities of the fake agency.
- The PFIPC cannibalised the former Presidential Economic Advisory Council (PEAC) and illegally appropriated offices and instruments of operation.
- False projection, false representation, widespread impersonation and a range of illegal activities were perpetrated by Adeyemi as the purported Director-General.
- Weaknesses in verification, inter-agency oversight and government processes were exploited by Adeyemi, with some level of negligence and connivance.
- No funds of the Federal Government were approved or disbursed to the fake PFIPC/PEAC.
Aliyu emphasised that no weaknesses were found in the systems of the State House or the Central Bank of Nigeria, describing their processes as above board. He specifically noted that the fake appointment letter did not originate from the Presidency.
The ICPC further discovered that Adeyemi created two additional fictitious government agencies — the FCT Investment Promotion Agency (FIFA) and the Foreign Investment Promotion Agency and Public Private Partnership (FIFA-PPP). To facilitate their creation, he forged legislative instruments styled as Enabling Acts, which were used to support the opening of bank accounts.
Among the recommendations in the interim report are that Adeyemi should be fully prosecuted, administrative sanctions should be imposed on public officers whose acts of omission and negligence facilitated the illegal operations, and institutional reforms should be implemented.
Aliyu disclosed that investigations are ongoing into all activities and bank accounts linked to the PFIPC, Adeyemi and his collaborators.
News
Urbanisation: Lagos To Fall Behind Luanda as sub-Saharan Africa’s biggest city by 2050
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
A report conducted by the World Bank and the European Commission’s Joint Research Centre, has projected that Angola’s capital, Luanda,will overtake Lagos as sub-Saharan Africa’s most populous city by 2050, rising by 78 percent from 11.4 million to 20.3 million.
The report titled ‘Sub-Saharan Africa’s Urban Awakening: Catalyzing Economic Growth and Job Creation’, also calculated that sub-Saharan Africa’s urban population will increase by 748 million between 2025 and 2050, reaching about 1.7 billion.
The report estimated that Luanda’s population would increase from 11.4 million in 2025 to 20.3 million in 2050, adding 8.9 million residents over the period.
Lagos, the region’s most populous city in 2025 with an estimated 12.8 million residents, is projected to grow to 16.2 million by 2050, an increase of more than 25 percent.
Despite the growth, Lagos is expected to fall behind Luanda, whose population is projected to exceed that of Nigeria’s commercial hub by 4.1 million.
“Over this period, the population of Angola’s capital city, Luanda, is projected to increase by 78 percent from 11.4 million to 20.3 million.
In doing so, Luanda will overtake Lagos as SSA’s most populous city,” the report said.
News
President Tinubu Performing Umrah
The President is expected to return to Nigeria next week after completing the religious exercise.
Photo: President Tinubu I Makkah
President Bola Tinubu on Friday commenced performing Umrah at Makkah in Saudi Arabia, praying for the nation and for every Nigerian to live in peace and harmony.
Tinubu on Thursday evening arrived in Saudi Arabia, landing at the King Abdulaziz International Airport in Jeddah.
He was received by Nigeria’s ambassador to Saudi Arabia, Yakubu Gambo, and the Saudi head of royal protocol Ahmad bin Thafir.
Thursday’s trip marks the second time Tinubu has travelled to Makkah to perform Umrah since assuming office on May 29, 2023.
President Tinubu visited the holy city in November 2023, shortly after attending the Saudi-African Summit in Riyadh, where he also prayed for divine guidance in leading Nigeria.
The latest trip is part of a series of foreign engagements undertaken by Tinubu since becoming president. He has visited more than 30 countries in over 50 unique and recurring trips.
The President is expected to return to Nigeria next week after completing the religious exercise.
News
State police ready by December — Senate Leader
Highlighting the historic milestone, Bamidele explained that the 30 state approvals comfortably satisfy the two-thirds concurrency requirement mandated by Section 9(2) of the 1999 Constitution (as amended).
Senate Leader Opeyemi Bamidele has expressed conviction that the proposed state police will be ready on or before December 2026, given that 30 State Houses of Assembly have officially approved the State Police Constitution Alteration Bill, 2026.
Speaking on the Bill on Thursday, the Leader of the Senate declared that multi-tier policing in Nigeria has moved from a recurring political promise into an actionable constitutional reality.
Bamidele, who also serves as the Vice Chairman of the Senate Committee on the Review of the 1999 Constitution, made the disclosure while delivering a paper at the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State.
He addressed participants of the Senior Executive Course (SEC) 48 on the topic, “Improving the Efficiency and Effectiveness of Governance through Proactive Lawmaking.”
Highlighting the historic milestone, Bamidele explained that the 30 state approvals comfortably satisfy the two-thirds concurrency requirement mandated by Section 9(2) of the 1999 Constitution (as amended).
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