PFIPC scandal: CBN opens up on fake agency’s bank accounts

The Central Bank of Nigeria, CBN, has revealed that 2 overseas currency accounts opened successful transportation with the arguable Presidential Foreign Investment Promotion Council, PFIPC, person remained inactive since their creation, with nary funds deposited and nary transactions recorded.

Representatives of the apex slope made this disclosure connected Monday erstwhile they appeared earlier the House of Representatives, which is investigating the matter.

Recall that the Green Chamber of the National Assembly is investigating allegations that the PFIPC was created and operated without a valid ineligible model and extracurricular the established procedures required for authorities agencies and institutions.

The Central Bank of Nigeria besides provided details regarding accounts linked to the council.

A manager astatine the CBN, Hamisu Abdullahi, who represented the Governor of the apex slope earlier the committee, pointed retired that the slope opened 2 overseas currency accounts pursuing a ceremonial petition from the Office of the Accountant-General of the Federation.

According to him, the petition was received connected July 30, 2025, and instructed the...