'No Kobo Released' - Budget Office Breaks Silence over Spending on PFIPC
Tanimu Yakubu said personnel, overhead and capital allocations never matured into spending, as the office withheld clearance and payment instruments.
- On Friday, Budget Office Director-General Tanimu Yakubu told a House committee that no funds were released for the Presidential Foreign Intervention Promotion Council or Presidential Economic Advisory Council.
- The clarification comes amid controversy surrounding Adeniyi Adeyemi, who paraded himself as Director-General and maintained an office at the Federal Secretariat in Abuja, despite the Presidency's claims that the PFIPC does not exist.
- Yakubu stressed that statutory conditions for spending were never met; personnel, overhead, and capital provisions never matured into payments, as the Federal Ministry and Accountant-General withheld all financial clearance.
- Adeyemi accused the Chief of Staff, Femi Gbajabiamila, of collecting money for the appointment; the Presidency filed criminal charges against Adeyemi, who was later arrested in Osun State.
- Gbajabiamila has denied the allegations and taken the matter to court, while the Budget Office pledged to continue cooperating with the House committee by providing all relevant records and documents.
20 Articles
20 Articles
Premium Times Nigeria
The Podium MediaFake Agency Scandal: Budget Office speaks on budgetary allocation
In a statement issued on Friday, the Director General of the Budget Office, Tanimu Yakubu, said the public had wrongly conflated parliamentary appropriation with government expenditure, stressing that the budgetary provision never advanced beyond the appropriation stage. The post Fake Agency Scandal: Budget Office speaks on budgetary allocation appeared first on Premium Times Nigeria.
No public fund was spent on PEAC/PFIPC despite NASS appropriation - Budget Office
The Budget Office of the Federation has defended the inclusion of funds for the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council (PEAC/PFIPC) in the 2026 Appropriation Act.
'No kobo released' - Budget Office breaks silence over spending on PFIPC
The Budget Office of the Federation has denied spending a dime on the contentious Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council, PEAC/PFIPC. The Director-General of the Budget Office of the Federation, Tanimu Yakubu, made this clarification on Friday when he appeared before the House of Representatives ad hoc committee probing the establishment and budgetary provisions of […] ‘No kobo released’ – Budg…
N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps
Director-General of the Budget Office of the Federation, Tanimu Yakubu, on Friday defended the agency's role in the controversial budgetary allocation to the Presidential Foreign Investment Promotion Council (PFIPC), insisting that despite provisions made in the 2026 Appropriation Act, not a single kobo was released or spent because the statutory conditions for expenditure were never fulfilled. The post N1.32bn allocation: No Kobo was released t…
THE MONEY THAT NEVER MOVEDHow Nigeria’s Expenditure Controls Prevented the PEAC/PFIPC Appropriation from Becoming Public Expenditure - NewsTmes.com.ng
A MEDIA STATEMENT BYTANIMU YAKUBUDirector-General,Budget Office of the Federation24 July 2026 THE ISSUE WAS NEVER THE APPROPRIATIONThe National Assembly appropriated funds for the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council, known as PEAC/PFIPC. That is a matter of record. The issue, however, was never merely whether Parliament had appropriated funds. It was whether the … The post THE MONEY THAT NEV…
Budget Office Reveals How Prince Adeniyi Adeyemi Led PFIPC Got into 2026 Budget
The Genius Media NG BREAKING: At Last, Budget Office Reveals How Prince Adeniyi Adeyemi Led PFIPC Got into 2026 Budget BREAKING: At Last, Budget Office Reveals How Prince Adeniyi Adeyemi Led PFIPC Got into 2026 Budget The Budget Office of the Federation (BOF) yesterday explained that the Presidential Foreign Intervention Promotion Council (PFIPC), which the presidency declared as fake and is currently being investigated by the Independent Corr…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
