CBN Has Questions To Answer Over Gbajabiamila/PFIPC Saga

The agency has been declared to be no-existent by the federal government, who has accused the DG of  forging the letter of his appointment, and operating a fictitious agency.

Recall that the DG has accused Gbajamiamila of collecting N400 million bribe from him, through a proxy to secure the appointment, with the balance of N200 million yet to be paid to the CoS.

He accused CoS of coming after him because of his failure to pay the N200 million balance, apart from alleging that the CoS demanded 48 percent of the over N24 billion take off budget approved for the agency.

The presidency had in its reaction to the allegation, in a letter issued by Bayo Onanuga, cleared Gbajabiamila of any wrongdoing, after declaring Adedeji as a serial fraudster.

The federal government has dragged him to court for forgery, and for trying to bring disrepute to the Nigerian Presidency.

According to the statement issued on Wednesday the Presidency said security agencies had been investigating Matthew since October 2025 after the Office of the Chief of Staff petitioned the Department of State Services and the Nigeria Police Force over alleged forgery of official appointment letters and impersonation of government officials.

He was accused of trying to malign the integrity and credibility of the Presidency by claiming that he was issued an appointment letter.

“The attention of this office has been drawn to the activities of certain individuals and groups engaged in the forgery of official appointment letters purportedly issued from my office,” the Chief of Staff stated in the petition.

“The above development not only constitutes a serious criminal act but also undermines the integrity of the Presidency and the credibility of official government communication.

“I therefore urge you to initiate a thorough investigation to identify and apprehend those involved and also to uncover the network facilitating the forgery,” the statement read.

But reacting, Addedeji accused the CBN and other government officials, including the SGF, of playing a critical role in the saga.

In some of the viral video circulating online, Adedeji was captured in photographs with some top government officials, including the Deputy Speaker of the House of Representatives, Benjamin Kalu, Executive Chairman of the Economic and Financial Crimes Commission, EFCC Ola Olukoyede, among others, who Adedeji had met as the DG of the agency, he has also met with foreign officials, including diplomats as captured in the viral videos and photographs.

Adedeji insists that he’s not an impostor, as being alleged by the federal government, saying the agency has been operating since 2024, citing for instance, the account opened with the CBN as a proof.

He’s asking how an agency was allowed to operate different accounts with the  nation’s apex bank if indeed is not authentic.

According to checks, the agency operated 34 bank accounts, including nine with the CBN for the time it operated.