Nigeria AG says PFIPC has no CBN account or funds

The Office of the Accountant-General of the Federation has stated that the disputed Presidential Foreign Intervention Promotion Council does not have an operational account with the Central Bank of Nigeria and has never received any government funds or paid salaries. The clarification, issued by the office's Director of Press and Public Relations, Bawa Mokwa, addresses ongoing public controversy after the council appeared in the 2026 federal budget with an allocation of approximately 1.3 billion naira.

Mokwa explained that while an application to open a CBN account was initiated after the council's convener, Prince Adeniyi Adeyemi, presented an appointment letter, the process was never completed. He stated that the required documentation, including the names of authorized signatories, was never submitted, preventing the account from being activated. "The account has not seen the light of day. It has not received one kobo because it was never fully activated," Mokwa said. He emphasized that no funds could be released without an operational account.

The accountant-general's office also firmly denied that any salaries had been paid to purported staff of the council. Mokwa outlined...