A businessman has alleged that he was defrauded of N400 million in a deal involving the embattled Director-General of the Presidential Fiscal and Infrastructure Policy Commission (PFIPC), Adeyemi, deepening the controversy surrounding the agency’s leadership.
In a detailed account, the businessman claimed he transferred the substantial sum under what he believed was a legitimate arrangement facilitated by Adeyemi. He alleged that the funds were meant to secure approvals and access to high-level government-backed opportunities, but that the promises made were never fulfilled.
According to him, repeated efforts to recover the money or obtain clarification from the PFIPC boss proved unsuccessful, prompting him to speak out publicly. He described the experience as both financially devastating and emotionally draining, insisting that he had acted in good faith throughout the transaction.
The allegations come amid mounting scrutiny of Adeyemi’s tenure at the commission, with stakeholders raising concerns over transparency, accountability, and due process in its operations. While the full details of the disputed deal remain unclear, the claims have intensified calls for a thorough and independent investigation.
Sources familiar with the matter indicated that law enforcement agencies may already be examining the complaint, although no official statement has been issued confirming formal charges or arrests. Legal experts note that if substantiated, the allegations could have serious implications, including potential criminal liability and reputational damage.
Attempts to reach Adeyemi for comment were reportedly unsuccessful as of the time of filing this report. However, insiders suggest that the embattled official may respond to the allegations in due course.
Observers say the incident underscores the risks associated with informal or opaque business dealings involving public officials, urging entrepreneurs and investors to exercise caution and adhere strictly to established legal and regulatory channels.
As the situation unfolds, stakeholders are calling for transparency and swift action to ensure accountability, protect investors, and restore public confidence in government institutions.