PFIPC Has No Operational CBN Account — OAGF

The Office of the Accountant-General of the Federation (OAGF) has said the controversial Presidential Foreign Intervention Promotion Council (PFIPC) has no operational account with the Central Bank of Nigeria.

NEWSNGR reports that the OAGF also denied releasing public funds or paying salaries to the disputed organisation.

The Director of Public Relations at the OAGF, Bawa Mokwa, stated this while reacting to reports on the PFIPC’s alleged accounts and funding.

Mokwa said that although an application was made to open a CBN account, the process was never completed because the required documents were not submitted.

“You cannot open an account at the CBN without authorization from the Accountant General. The accountant general will authorise them to open an account at the CBN,” Mokwa said.

He explained that Adeniyi Adeyemi approached the OAGF with an appointment letter, but said the account-opening process could not be completed because the names of authorised signatories were not provided.

Mokwa said, “The account, till today, has not seen the light of day. It has not seen one kobo because the account is not completely operational.

“That portrays that he has not collected a dime. The AGF has not released a dime to him because they don’t even have a place where the money can be paid.”

Mokwa also denied reports that salaries had been paid to workers of the agency.

“Based on our knowledge, he has not employed anybody,” he said.

He explained that before any federal agency could recruit and place workers on the government payroll, it must obtain approvals from the Federal Character Commission, the Budget Office and the Federal Civil Service Commission.

Mokwa said, “If they give you a waiver for 200 people, you take the waiver to these agencies and then present the papers to the accountant general.

“He cannot capture even one name without those approvals because once they are captured, payment will come from the budget.”

The clarification came amid reports that the PFIPC was granted a waiver to recruit 300 staff in August 2025.

A review of the 2026 Appropriation Act also showed that the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council was listed under the Presidency with a total budget of ₦1.302 billion.

The allocation reportedly included ₦802.9 million for personnel, ₦200 million for overhead and ₦300 million for capital projects.

Mokwa, however, maintained that no funds had been released to the disputed council.