PFIPC: State House denies backing ‘fake’ agency as FRSC clarifies plate approval

The House of Representatives Ad-hoc Committee investigating the Presidential Foreign Investment Promotion Council (PFIPC) uncovered fresh inconsistencies in the documents used to establish the purported agency. The State House denied any involvement in requesting a budget code for the council or authorising its creation, stating they were unaware of its existence until they started seeing it in the media.

The committee's investigation aims to clarify the PFIPC's legal status and its integration into the Federal Government's administrative and budgetary processes in the 2026 Appropriation Act.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.