Fake agency: Reps uncover 58 accounts, probe N400m deal
House of Reps uncovers 58 bank accounts and a N400m fraudulent deal linked to a fake agency’s DG, Prince Adeniyi Adeyemi. Get the full details. Read More: https://punchng.com/fake-agency-reps-uncover-58-accounts-probe-n400m-deal/
The House of Representatives Ad-Hoc Committee investigating the Presidential Foreign Intervention Promotion Council (PFIPC) has uncovered a network of approximately 58 bank accounts allegedly connected to the council's detained Director-General, Prince Adeniyi Adeyemi. The committee also found evidence of an alleged N400 million transaction that may have involved fraudulent representations.
The investigation revealed that over 30 of the identified accounts were operated in the names of nine agencies, companies, foundations, and related entities allegedly connected to Adeyemi, raising concerns about their ownership and purpose. The committee cautioned that not every account, entity, or transaction identified was deemed unlawful, as they continue to reconcile registration records, account mandates, beneficial ownership information, signatories, and transaction histories.
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- Fake agency: Reps uncover 58 accounts, probe N400m deal punchng.com
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