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PFIPC Probe: Reps Issue Final Ultimatum to MDAs, Vows Sanction for Defaulters
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By Gloria Ikibah
The House of Representatives Ad-Hoc Committee investigating the alleged establishment and operations of the Presidential Foreign Investment Promotion Council (PFIPC) has issued a final ultimatum to key Ministries, Departments and Agencies (MDAs) that failed to honour its invitation, warning that continued absence will attract constitutional sanctions.
The warning came on Tuesday after several invited agencies failed to appear before the committee during its ongoing investigation into the controversial council, whose legal status and operations have come under intense scrutiny.
The probe follows mounting concerns over how the PFIPC allegedly secured official recognition in some government processes despite claims by several federal institutions that it was never lawfully established. In recent hearings, the Office of the Head of the Civil Service of the Federation, the Ministry of Foreign Affairs, the Central Bank of Nigeria (CBN) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have all provided testimonies as lawmakers seek to unravel the circumstances surrounding the council’s activities.
Addressing journalists after the sitting, Chairman of the committee, Rep. Yusuf Gagdi, condemned the absence of the affected agencies, describing it as a direct challenge to the constitutional oversight powers of the National Assembly.
He said: “The House of Representatives Ad-Hoc Committee investigating activities surrounding the alleged establishment and operations of the Presidential Foreign Investment Promotion Council wishes to express its profound disappointment over the failure of some Ministries, Departments and Agencies of the Federal Government of Nigeria to honour its invitation and appear before the committee today.
“The committee views this misconduct as a very serious affront to the constitutional oversight powers of the House of Representatives and an unacceptable disregard for the authority of the Parliament, which represents the sovereign will of the Nigerian people.”
Gagdi reminded the affected agencies that invitations from the National Assembly are backed by law and must not be treated as optional.
“The invitations issued by a duly constituted committee of the House of Representatives are not a matter of discretion. They are issued pursuant to the constitutional powers vested in the National Assembly under Sections 88 and 89 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended). Therefore, it is a legal obligation, not an act of courtesy”, he said.
Gagdi announced that the committee had issued what it described as a final notice, directing the chief executives and accounting officers of all defaulting agencies to personally appear before the panel on Thursday with all relevant documents.
He warned that failure to comply would leave the committee with no option but to invoke its constitutional powers.
“Thursday is the final opportunity for every defaulting agency to comply. We don’t want representation. We don’t want permanent secretaries. We want the accounting officers of the agencies to appear before us with all the relevant documents requested by the committee and any other documents they consider useful to this investigation.
“Any ministry, department or agency that fails to appear without lawful justification will leave the committee with no alternative but to invoke every constitutional and statutory power available to us as the House of Representatives to compel compliance and ensure accountability.
“The committee will not hesitate to recommend and pursue every sanction permitted by law against any person or institution that deliberately obstructs or frustrates this investigation”, he stated.
Gagdi stressed that the investigation was aimed at protecting the integrity of public institutions rather than targeting individuals or organisations.
He also assured Nigerians that the committee would conduct its assignment impartially and professionally.
“This investigation is in the national interest. It is not targeted at any individual or institution, but it is aimed at establishing the facts, protecting the integrity of public administration, guarding the rule of law and ensuring that no public officer or institution operates outside the framework of the Constitution and the laws of the Federal Republic of Nigeria.
“The committee remains committed to conducting this assignment professionally, fairly, transparently and without fear or favour. However, no agency of government, regardless of its status or perceived influence, will be permitted to undermine the constitutional authority of the House of Representatives or frustrate the discharge of its legislative responsibility”, he said.
During the proceedings, the committee declined to hear from a representative of the Ministry of Finance after he introduced himself as the Deputy Director in the Cash Management Department and explained that he had been delegated by the minister.
Lawmakers ruled that only the ministry’s accounting officer will be accepted at subsequent hearings, insisting that such a sensitive investigation required the personal appearance of the relevant chief executives.
The committee noted that issues raised by the Ministry of Foreign Affairs during its testimony further underscored the need for the Ministry of Finance’s leadership to appear in person.
The hearing was adjourned until Thursday, 23 July 2026, at 12 noon, when all defaulting agencies and their accounting officers are expected to appear with the requested documents.
News
EU Raises Alarm Over Fake Compensation Scheme, Warns Public Against Scam
By Gloria Ikibah
The European Union (EU) Delegation to Nigeria and ECOWAS has dismissed as fraudulent a document circulating online which claims that the EU and the World Bank are offering compensation to victims of alleged funds trapped in banks across West Africa.
In a statement issued on Tuesday in Abuja, the delegation described the document as a scam and urged members of the public to ignore it.
According to the EU, the fake document falsely claimed to have originated from the Secretary General of the Council of the European Union, Ms Thérèse Blanchet, and announced a non-existent EU-World Bank assisted recovery programme for people allegedly affected by fraudulent fund transfers in Africa.
The document also claimed that citizens from Europe and other countries whose legally transferred funds were trapped in banks and financial institutions across West Africa were eligible for compensation. It further alleged that the EU Ambassador to Nigeria and ECOWAS had been mandated to oversee the compensation process and encouraged potential beneficiaries to contact him.
Rejecting the claims, the delegation stated:
“This document in its entirety is a scam. The information and claims contained therein are false. The European Union is neither aware of any such bogus programme nor part of it.”
The delegation further disclosed that the contact details contained in the fraudulent document were fabricated by the perpetrators.
“The email addresses and phone number provided in the document as those of Ms Blanchet and Ambassador Mignot are fake, and obviously belong to the scammers.”
The EU urged members of the public to remain vigilant and avoid engaging with individuals behind the scheme.
“The Delegation of the European Union to Nigeria and ECOWAS urges members of the public to disregard the fake information. The Delegation’s website and social media platforms remain the Delegation’s official channels of communication to the public”, the statement read.
The delegation advised anyone seeking information on EU programmes or activities to rely only on its verified communication channels, warning that fraudsters increasingly exploit the names of international organisations to deceive unsuspecting members of the public.
News
Just in: NNPC increases fuel price within 48hours
The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of Premium Motor Spirit, PMS at its retail outlets for the second time in less than 48hours.
According to a market survey by DAILY POST showed that NNPCL raised its petrol price to N1,335 per litre on Wednesday from N1,270 per litre on Tuesday.
This means that the state-owned filling station increased its fuel price by N65 per litre.
The new price has been implemented at NNPCL filling stations in Wuse Zone 6 (Berger), Zone 4, and other outlets in Abuja and its environs.
Recall that on Tuesday, NNPCL increased its petrol pump price by N115 per litre to N1,270 per litre.
The latest increase comes amid continued petrol price volatility in the country’s downstream oil sector following Dangote Refinery’s resumption of the sale of refined petroleum products in U.S. dollars.
Daily Post
News
Reps Push National Drone Policy to Strengthen Defence Industry, Combat Insecurity
By Gloria Ikibah
The House of Representatives has called for the development of a National Drone Industrialisation Policy aimed at strengthening Nigeria’s indigenous defence manufacturing capacity and improving the country’s ability to respond to rising security threats.
The lawmakers also urged the Federal Government to provide targeted financial support to local drone manufacturers, including Beirech UAS, Terra Industries, Elites Group, Pro-force and the Air Force Institute of Technology (AFIT), through the Bank of Industry, the Defence Industries Corporation of Nigeria (DICON) and other financing platforms to help them expand production and meet military procurement standards.
The resolution was sequel to the adoption of a motion sponsored by Rep. Ademorin Kuye on Wednesday during plenary.
Nigeria has continued to battle terrorism, banditry, kidnapping, oil theft and other forms of violent crime, prompting increasing calls for the deployment of advanced technology to support military and security operations. Globally, unmanned aerial vehicles (UAVs), commonly known as drones, have become indispensable tools for intelligence gathering, surveillance, reconnaissance and precision operations. In recent years, security experts have also warned that non-state actors, including terrorist organisations, are increasingly deploying commercial drones during attacks, underscoring the need for Nigeria to strengthen its domestic production capacity.
Debating the motion, Rep. Kuye said the country’s worsening security situation had placed enormous pressure on the Armed Forces and other security agencies.
He noted that drones have become vital assets in modern military operations, adding that terrorist groups such as Boko Haram and the Islamic State West Africa Province (ISWAP) have already incorporated commercial drones into their operations against Nigerian troops.
The lawmaker, however, said Nigeria has made notable progress in indigenous drone development, pointing to the successful production of the Tsaigumi Unmanned Aerial Vehicle by the Air Force Institute of Technology in 2018 as evidence of the country’s growing technological capability.
He argued that Nigeria possesses the resources needed to become Africa’s leading drone technology hub if supported by deliberate government policies.
He said: “The House is concerned that Nigeria, with a pool of engineering talent, a growing technology entrepreneurship ecosystem, existing military-industrial partnerships and the largest economy in Africa, possesses the foundational conditions to become the hub for drone technology, provided there is structured government policy, capital and legislative support.”
Kuye expressed concern that despite the country’s potential, local drone manufacturing remains largely driven by private investors who face limited access to financing, inadequate government support and weak technology transfer arrangements.
Following the adoption of the motion, the House mandated its Committees on Defence; National Security and Intelligence; Science and Technology; and Industry and Commerce to develop a comprehensive National Drone Industrialisation Policy that would serve as a roadmap for transforming Nigeria’s drone manufacturing sector into a strategic, government-backed industry.
Lawmakers also directed the Committees on Defence and National Security and Intelligence to work with the military and relevant government agencies to negotiate technology transfer agreements with reputable international drone manufacturers. The proposed agreements are expected to facilitate the training of Nigerian engineers, encourage local production and gradually reduce the country’s dependence on imported drone components.
The House further tasked its Committees on Defence; Industry and Commerce to collaborate with relevant agencies in establishing specialised Defence Industrial Zones dedicated to drone manufacturing, research and maintenance. The zones are expected to benefit from fiscal incentives, improved infrastructure and supportive regulatory frameworks capable of attracting both local and foreign investors.
The house unanimously adopted the motion and mandated its Committees on Defence; National Security and Intelligence; Industry and Commerce; Air Force; and Science and Technology to review existing laws governing defence procurement, local content, aviation and investment incentives with a view to introducing amendments that would promote drone industrialisation, including tax incentives and stronger protection for intellectual property developed by Nigerian innovators.
The committees were given four weeks to submit their report for further legislative consideration.
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