The Nigeria Police Force has detailed how the self-styled Director-General of a fictitious Presidential Economic Advisory Council (PEAC) and Presidential Foreign Intervention Promotion Council (PFIPC), Prince Adeniyi Adeyemi Matthew, allegedly spent ₦400 million on vehicles, relatives and luxury items, while also obtaining a ₦100 million loan from a microfinance bank to sustain his lifestyle.
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The findings are contained in a Police Investigation Report dated 24 July 2026, according to a report by The Nation, which examined a case of alleged criminal conspiracy, forgery, impersonation, obtaining money under false pretences, theft of public funds and money laundering. The police report has also been made available to the Office of the Attorney-General of the Federation and Minister of Justice, sister security agencies and relevant Ministries, Departments and Agencies.
The police found that, contrary to the principal suspect’s account, he never converted the ₦400 million to dollars, and there was no record that he handed any money to the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila. The report noted that the suspect contradicted his own allegations against Gbajabiamila, claiming on one hand that he secured the appointment in March 2024 and on the other that he paid a ₦400 million bribe to obtain an appointment in 2025.
According to the report, the matter arose from a written petition, No. SH/COS/80/A/42 dated 17 October 2025, by Gbajabiamila, addressed to the Director-General of the Department of State Services and copied to the Inspector-General of Police, drawing attention to fraudsters and impostors circulating official appointment letters purportedly issued by the Chief of Staff.
The Inspector-General directed the IGP-Monitoring Unit to investigate. The unit arrested the principal suspect, Prince Adeniyi Adeyemi Matthew, on 27 October 2025. In his statement under caution, he claimed he obtained the fake appointment letter from one Babatunde Dolapo Tanimola, now deceased. He was charged to court in November 2025 for criminal conspiracy and forgery.
The report added that the Inspector-General later received a fresh petition, No. SH/COS/80/A/50 dated 29 June 2026, from Gbajabiamila against the same suspect, with two earlier petitions dated 17 October 2025 and 27 April 2026 attached. The petition was referred to the Nigeria Police Force National Cybercrime Centre through a letter dated 1 July 2026 for discreet investigation.
In his petition, the Chief of Staff alleged that Adeyemi had been parading himself as Director-General of the fictitious PEAC/PFIPC and that his own signature had been forged on the purported appointment letter. He further alleged that the suspect used that fictitious capacity to secure an office in the Federal Secretariat Complex in Abuja; obtained a recruitment waiver to employ about 300 staff through the Office of the Head of Service; secured the inclusion of about ₦1.3 billion for the agency in the 2026 Appropriation Act; and went on to plan a World Investment Summit for 2026.
The report stated that investigators obtained a voluntary statement and specimen signature from Gbajabiamila, who also supplied copies of letters he signed in 2024 for forensic comparison. Letters of inquiry were dispatched to a wide range of institutions, including the Permanent Secretary of the State House, the Secretary to the Government of the Federation, the Accountant-General of the Federation, the Director-General of the Budget Office, the Head of Service, the Federal Ministries of Finance and of Budget and Economic Planning, the Clerk of the National Assembly, the Registrar of the Supreme Court, the Central Bank, the Corporate Affairs Commission, the Nigerian Financial Intelligence Unit, financial institutions and the National Hospital, Abuja.
Investigators forwarded the specimen signatures of Gbajabiamila and one Mr. Segun Imohiosen to the Forensic Section of the Force Criminal Investigation Department for analysis. The team obtained voluntary statements from the complainant and seven witnesses, and recorded cautionary statements from 22 suspects whose names surfaced during the investigation, including the principal suspect.
The police detailed how the suspect allegedly lured a businessman to part with ₦400 million in anticipation of a renovation contract. Analysis of an account operated in the name of World Entre University Nigeria Ltd revealed that the suspect received ₦380 million in four tranches from Divine Dopacy Nigeria Ltd, a company said to be owned by Oyekunle Gbenga Collins, who was allegedly induced to part with the funds on the false promise of facilitating the award of a ₦2.8 billion contract to renovate an official residence said to have been allocated to the suspect by the EFCC.
The report stated that the suspect used the proceeds to buy two personal vehicles and transferred large sums to his personal accounts and to family members, which were subsequently laundered, contrary to his claim of converting the ₦400 million to dollars and handing it to Gbajabiamila through the late Tanimola. A separate account in the name of Sunshine Confectionary and Catering Services was found to have received ₦20 million from the same Divine Dopacy Nigeria Ltd, with the proceeds similarly laundered through personal expenses and donations.
The report indicated that forensic analysis confirmed the forgery. A response from handwriting experts dated 18 March 2026 confirmed that the signatures on the disputed documents did not match the complainant’s, establishing that the purported appointment letters were not issued by Gbajabiamila. Mr. Segun Imohiosen, former Director of Information and Public Relations in the Office of the Secretary to the Government of the Federation, who was alleged to have signed a Mandate and Terms of Reference for the pioneering office of the PFIPC dated 6 January 2025, confirmed that he did not sign the document, that the signature was not his, and that his office did not issue any such mandate.
Investigators concluded that the principal suspect forged a letter of appointment purportedly signed by Gbajabiamila and a purported Act establishing the PEAC/PFIPC, and fraudulently smuggled the forged documents into the Offices of the Secretary to the Government of the Federation, the Head of Service, the Accountant-General and the Director-General of the Budget Office.
The report stated that staff in those offices negligently processed and approved the requests, which led to the fictitious agency obtaining an administrative code, office space at the Federal Secretariat, official vehicles, an authorised establishment, an administrative waiver to recruit 300 staff, the secondment of officers, the opening of two accounts with the Central Bank in dollars and pounds, provisional self-accounting status for six months, and inclusion in the 2026 Appropriation budget, all without due diligence.
Investigators also found that a request for an administrative code for the PFIPC, purportedly written and signed by one Akanbi Adewale, described as Director of Administration and Support Services at the State House, did not emanate from the State House, as neither the signatory nor the department exists in its organogram. The original response granting the administrative code, issued by the Accountant-General’s office and addressed to the State House, was said to have been mysteriously received by the principal suspect, who is not a member of State House staff.
The report added that the suspect used the fictitious agency to award a ₦2.87 billion contract to refurbish a property said to have been allocated to his office by the EFCC, enabling him to collect ₦400 million from the businessman as a facilitation fee, and that he also obtained unspecified sums from members of the public under the guise of issuing diplomatic passports, note verbales and visas.
The police identified five top government officials as having played a major role in facilitating the offences. They are two directors, one in the Office of the Accountant-General of the Federation and the other in the Office of the Head of the Civil Service; a Special Assistant in the Budget Office; an Assistant Director in the Ministry of Budget and Economic Planning; and a seconded officer from the Office of the Secretary to the Government of the Federation. The officials have been recommended for trial subject to the opinion of the Director of Public Prosecutions.
The report stated that the Force has forwarded an interim report to the Attorney-General and Minister of Justice, requesting an amendment of the earlier charge filed by the Police Monitoring Unit to include the newly established facts, and that a duplicate case file be sent to the Director of Public Prosecutions for vetting, advice and harmonisation of the various agencies’ investigations. The Force has also asked the Clerk of the National Assembly to shed light on the circumstances surrounding the budget defence and the passage of the ₦1.3 billion allocation for the fictitious agency in the 2026 budget.
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