The House of Representatives will on Tuesday inaugurate an ad hoc committee to investigate the inclusion of the unestablished Presidential Foreign Investment Promotion Council (PFIPC) in the 2026 Appropriation Act.

The panel, chaired by Yusuf Gagdi, was constituted following a House resolution to examine how about N1.32 billion was allocated to an agency that has no legal backing.

The investigation follows the arrest of Adeyemi Adeniyi, who allegedly posed as the Director-General of the PFIPC and is accused of facilitating the agency’s inclusion in the 2026 budget despite its non-existence.

Adeniyi reportedly claimed he paid N100 million through intermediaries to the President’s Chief of Staff, Femi Gbajabiamila, to facilitate the agency’s establishment. The allegation has been denied by both the Presidency and Gbajabiamila’s office.

According to an invitation signed by Gagdi, the public hearing at the National Assembly will feature key government officials, including the ministers of Budget and Economic Planning, Finance, Industry, Trade and Investment, Justice, and Foreign Affairs, as well as the Governor of the Central Bank of Nigeria, the heads of the EFCC, ICPC, DSS and the Nigeria Police Force.

The committee also invited the Secretary to the Government of the Federation, the Head of the Civil Service of the Federation, the Auditor-General for the Federation, the Fiscal Responsibility Commission and the Nigerian Investment Promotion Commission, while calling on stakeholders and members of the public to submit memoranda.

Lawmakers are expected to determine how the PFIPC was included in the budget and trace the allocation from the executive’s proposal through the legislative process to identify when it was introduced.

However, the omission of Gbajabiamila and Adeniyi from the list of invited witnesses has drawn criticism. A committee member, who spoke anonymously, argued that excluding the two central figures could undermine the credibility of the investigation.

Public affairs analyst Jackson Ojo also questioned the decision, saying inviting the Chief of Staff would have provided an opportunity for him to respond to the allegations and strengthen public confidence in the probe.

The House constituted the committee following public concern over alleged irregularities in the 2026 budget, particularly the allocation of more than N1 billion to an agency the Federal Government says was never formally established.