A video featuring Prince Adeniyi Adeyemi Matthew, the central figure in Nigeria’s controversial “ghost agency” scandal, has resurfaced online, intensifying public debate over the alleged fraudulent operation.
In the clip from a late June 2026 press conference, Adeyemi vigorously defends his role as Director-General of the Presidential Foreign Intervention Promotion Council (PFIPC) and the Presidential Economic Advisory Council.
He directly questions the Presidency’s claim that the agencies never existed, especially since they received over ₦1.3 billion in the 2026 federal budget.
Adeyemi highlighted the multi-stage budget approval process involving technical drafting, ministerial reviews, Budget Office scrutiny, and National Assembly approval asking how a supposedly fictitious entity could secure such allocations.
He also pointed to the agency’s accounts at the Central Bank of Nigeria (including domiciliary, pounds sterling, and Treasury Single Account), questioning how these could exist with forged documents.
Furthermore, he alleged that Chief of Staff to the President, Femi Gbajabiamila, demanded 48% of the agency’s proposed ₦27.4 billion take-off grant, along with a separate ₦12.5 billion request.
The Presidency has firmly rejected these claims. It maintains that the PFIPC has no legal backing and was never established by the Federal Government.
Officials accuse Adeyemi of forging appointment letters including ones bearing Gbajabiamila’s signature and impersonating a senior government official while operating from an office in Abuja’s Federal Secretariat.
He allegedly hosted diplomats, investors, and officials under false pretenses.
The scandal gained traction after reports revealed the entity’s ₦1.3 billion+ allocation (roughly ₦803 million for personnel, ₦200 million overhead, and ₦300 million capital).
Adeyemi faces an eight-count charge at the Federal High Court in Abuja for conspiracy, forgery, impersonation, and operating a fictitious agency. The next hearing is pending.
While the Presidency urges the public to let the courts decide and dismisses Adeyemi’s allegations as distractions, the resurfaced video has reignited questions about oversight failures in the budget process and how the matter allegedly persisted for so long.
Adeyemi maintains his innocence and says the judicial process will vindicate him.
See video below:
A video of Prince Adeniyi Adeyemi Matthew, the man at the centre of the alleged ₦1.3bn “ghost agency” scandal, has resurfaced online on Monday as the controversy… pic.twitter.com/HdcvGX3ti6
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