Fresh documentation acquired by Saturday Punch challenges the Presidency’s assertion that the Presidential Foreign Investment Promotion Council (PFIPC) is a fictitious entity. These records indicate that the Office of the Secretary to the Government of the Federation (SGF) acknowledged and facilitated official business for the council months prior to the Presidency’s public disavowal.....KINDLY READ THE FULL STORY HERE▶

• Records reveal that the SGF’s office processed a request from Prince Adeniyi Adeyemi, who identified himself as the Director-General of the PFIPC, for office space within recovered federal properties.

• A letter dated November 21, 2024, signed by Permanent Secretary Nnamdi Maurice Mbaeri on behalf of the SGF, formally forwarded this accommodation request to the Economic and Financial Crimes Commission (EFCC).

• Registry evidence confirms that Adeyemi’s initial request was received by the SGF’s office on November 12, 2024, and subsequently acted upon nine days later.

• In his correspondence, Adeyemi positioned the PFIPC as a vital federal agency acting as a “One-Stop-Shop” for coordinating national foreign investment promotion and facilitating public-private sector interaction.

Context of the Controversy

These documents emerge as Adeyemi faces criminal prosecution for allegedly operating a fraudulent agency, forging presidential appointment documents attributed to Chief of Staff Femi Gbajabiamila, and managing 34 bank accounts in the names of purported government entities. Despite these surfaced documents, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, reaffirmed the Presidency’s position on Wednesday that the PFIPC is entirely fictitious, citing ongoing police investigations and criminal charges against Adeyemi as evidence of his fraudulent activities.

Pastor Johnson Odesola, the Continental Overseer of the Redeemed Christian Church of God (RCCG) for Continent 3, has publicly defended General Overseer Pastor Enoch Adeboye regarding recent criticisms of his comments on Nigeria’s insecurity.....KINDLY READ THE FULL STORY HERE▶

Clarification of Remarks

In a statement titled “Pastor Adeboye Deserves Fair Hearing, Not Unfair Criticism,” Odesola argued that the General Overseer’s comments were unfairly portrayed as a defense of President Bola Tinubu’s administration:

• Odesola asserted that many critics formed opinions based on short social media clips rather than listening to the full remarks delivered at a Washington, D.C. gala.

• He clarified that Pastor Adeboye acknowledged the spread of terrorism, kidnapping, and banditry across both Northern and Southern Nigeria and did not deny that insecurity has worsened.

• The comment regarding the President not needing to “wear khaki and go and fight” was intended as an explanation of the Commander-in-Chief’s constitutional role, not an endorsement of failure or incompetence.

• Odesola emphasized that Pastor Adeboye actually challenged security officials to produce results and urged authorities to confront the individuals who sponsor terrorism.

Addressing Critics and National Unity

Regarding the role of religious leaders, Odesola noted:

• Religious leaders have historically provided moral guidance during national crises, and Adeboye has consistently counseled successive administrations regardless of political affiliation.

• While Odesola acknowledged the public’s right to disagree with the cleric, he urged critics not to distort the comments.

• He advocated for viewing insecurity as a matter requiring collective responsibility from the government, judiciary, security agencies, traditional rulers, religious leaders, and citizens, rather than reducing it to partisan politics.

• Ultimately, Odesola suggested that Nigerians should focus on Adeboye’s call for accountability, decisive leadership, national unity, and the defeat of terror financiers.

On Friday, July 3, 2026, the dollar to naira exchange rate at the Lagos parallel market (black market) was ₦1410 for selling and ₦1395 for buying, as reported by Bureau De Change (BDC) sources.....KINDLY READ THE FULL STORY HERE▶

t is important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market; the bank directs individuals seeking to engage in foreign exchange to utilize their respective banks. Additionally, the CBN rates for July 3, 2026, ranged from a low of ₦1369 to a high of ₦1373.                                                                                                                              Please be aware that actual forex transaction rates may differ from these figures due to market price variations.