Buhari Media Office Denies PFIPC Link, Says Former President Created Only PEAC

The Buhari Media Office (BMO) has denied reports linking former President Muhammadu Buhari to the controversy surrounding the alleged Presidential Foreign Intervention Promotion Council (PFIPC), describing the claims as false and lacking any factual basis.

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In a statement released on Sunday, the BMO clarified that Buhari never established any agency known as the PFIPC and did not approve a ₦1.3 billion allocation for such an organization in the 2026 Appropriation.

According to the office, the only body created during Buhari’s administration was the Presidential Economic Advisory Council (PEAC), which served as an ad hoc advisory committee focused on economic matters.

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The BMO explained that the PEAC initially operated from offices assigned to the Chief Economic Adviser to the President at the Federal Secretariat. Throughout Buhari’s tenure, the council functioned without a dedicated budget line.

Instead, its activities were funded through presidential approvals issued to the Minister of Finance, while operational expenses were covered by the State House following presidential authorization.

The statement noted that the PEAC was a part-time advisory body comprising economists and financial experts who provided economic policy advice to the President. Members received no salaries, with only operational costs funded to support the council’s work.

The council was chaired by Professor Doyin Salami, CFR, before his later appointment as Chief Economic Adviser to the President. Other members included Professor Mahmuda Sagagi as Vice Chairman, Professor Ode Ojowu, Dr. Shehu Yahaya, Dr. Iyabo Masha, Professor Chukwuma Soludo, Mr. Bismarck Rewane, and Dr. Mohammed Adaya Salisu, who served as secretary.

The BMO further stated that when the current administration took office in 2023, it neither dissolved the Buhari-appointed PEAC nor renewed the appointments of its members, who considered their tenure to have ended with the expiration of the administration that constituted the council.

It also revealed that the office jointly designated for the Presidential Economic Advisory Council and the Office of the Chief Economic Adviser remained vacant after the transition of power and was only occupied years later.

Rejecting any attempt to associate Buhari with the ongoing PFIPC controversy, the media office insisted that claims suggesting the alleged agency originated under his administration are false, baseless, and unsupported by evidence.

The BMO urged Nigerians to disregard reports linking the former President to the alleged PFIPC, reiterating that the only advisory body established during Buhari’s administration was the Presidential Economic Advisory Council, which operated without a statutory budget line.

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