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The Director-General of the alleged non-existent Presidential Foreign Investment Promotion Council (PFIPC), Prince Adeniyi Adeyemi Matthew, has written an open letter to President Bola Tinubu demanding the establishment of an independent multi-stakeholder investigative panel.
Adeyemi cited concerns for his personal safety and questioned the circumstances surrounding the death of a key intermediary in the case.
In the letter dated July 13, Adeyemi, who is facing an eight-count charge bordering on forgery and impersonation before the Federal High Court in Abuja, said he was unable to surrender to authorities due to credible intelligence indicating he was targeted for elimination.
“I write to you not as a fugitive evading accountability, but as a Nigerian citizen who maintains an unwavering belief in equity, justice, and the rule of law,” Adeyemi wrote.
He commended the president’s directive tasking the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the PFIPC scandal and the alleged ₦1.3 billion allocation inserted into the 2026 Appropriation Bill.
However, he argued that “true accountability cannot be achieved when the agency conducting the investigation answers directly to the branch of government within which the core allegations lie.”
Adeyemi said he had received “verified, highly reliable intelligence” indicating he was targeted for elimination if he surfaced in an unmonitored environment.
He pointed to the death of Dolapo Babatunde Tanimola, described as a central intermediary in the matter, as validation of his concerns.
“Official reports claim Mr. Tanimola tragically died in a sudden fire incident at Kachi Hotel in Utako, Abuja. Yet, there remains a total absence of independent eyewitness or media verification of any such inferno,” he wrote.
“More disturbingly, under highly unclear circumstances and without the official involvement of any federal capital regulatory agency, the entire Kachi Hotel structure was swiftly invaded by unidentified armed actors and manually demolished down to the rubble days later—effectively erasing a vital physical crime scene and erasing material evidence.”
The PFIPC director demanded the establishment of an independent panel comprising civil society organisations including Amnesty International and SERAP, the Nigerian Bar Association, independent media representatives, international financial observers from the World Bank and IMF, human rights observers, and diplomatic observers from the UN, US, UK, EU, ECOWAS and African Union.
He said the ICPC and EFCC should serve as “technical partners” within the broader coalition.
“The moment this independent, multi-stakeholder panel is constituted, I will immediately step forward to present comprehensive documentation and verifiable evidences,” Adeyemi said.
“A system cannot credibly investigate itself when its own key actors are central to the discourse.”
The letter was shared on Monday by Paul Ibe, media adviser to the African Democratic Congress (ADC) presidential candidate, Atiku Abubakar.
The Director General of so-called phantom Presidential Foreign Investment Promotion Council (PFIPC), Prince Adeniyi Adeyemi Matthew in an open letter to President Bola Ahmed Tinubu raises concerns over his personal safety, posers over the death of Dolapo Babatunde Tanimola, the… pic.twitter.com/ZWRzAOUrnW
— Paul Ibe (@omonlakiki) July 13, 2026
