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ABUJA : Fresh allegations of corruption erupted at the House of Representatives on Tuesday as an Ad-Hoc Committee probing the activities of the Presidential Foreign Investment Promotion Council (PFIPC) heard claims that its embattled former Director-General, Mathew Adeyemi, allegedly demanded and received a staggering ₦400 million bribe to facilitate the award of a government contract.
The explosive allegation was made during the committee’s investigative hearing by the Managing Director of Divine Dopacy Nigeria Limited, Mr. Collins Oyekunle, who told lawmakers that the money was allegedly paid as a precondition for securing a ₦2 billion contract for the renovation of an official residence.
In dramatic testimony before the panel, Oyekunle claimed the ₦400 million was sourced through contributions from business associates and paid in instalments into different corporate bank accounts in 2025.
He further alleged that the payments followed a series of meetings involving the former PFIPC chief and some of his associates before the contract was eventually awarded.
The latest disclosure adds another layer of controversy to the ongoing parliamentary investigation into the operations of the Presidential Foreign Investment Promotion Council, with lawmakers intensifying efforts to unravel alleged financial improprieties within the agency.
The committee is expected to continue its hearings in the coming days as it scrutinises the fresh allegations alongside other issues surrounding the council’s activities.
No response from the former PFIPC Director-General to the allegations was presented during the hearing.