Nigerian police arrest boss of fake government agency after weeks on the run

Adeniyi Adeyemi Matthew, who posed as director general of a fictitious investment council, has been arrested in Osun State following a court warrant.

• Adeyemi was detained by police from the Force Intelligence Department and Intelligence Response Team after a Federal High Court warrant was issued for his failure to appear on charges of forgery and impersonation.
• President Bola Tinubu ordered a corruption investigation into the purported Presidential Foreign Investment Promotion Council (PFIPC) last week before the arrest.
• Tinubu's office stated that the official letter purportedly creating the PFIPC was fake, and police forensic analysis confirmed the signature of the president's chief of staff had been forged.
• The PFIPC appeared in the 2026 Appropriation Act with a 1.3 billion naira allocation, but the Accountant-General's Office said the agency never operated a Central Bank of Nigeria account.