The House of Representatives Ad-hoc Committee investigating the alleged establishment and operations of the Presidential Foreign Investment Promotion Council (PFIPC) has said it will question the council’s purported Director-General, Prince Adeniyi Adeyemi, at an undisclosed location while he remains in police custody to avoid compromising ongoing investigations.

Chairman of the committee, Yusuf Gagdi, disclosed this during a public hearing on Tuesday, explaining that the decision was necessary because Adeyemi is in police custody under a subsisting court order and is also being investigated by the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and other security agencies.

Gagdi said the committee would not undermine the authority of the courts or interfere with ongoing criminal investigations by insisting on a public appearance by the suspect.

“We will not announce to the general public when we will interact with Prince Adeniyi. We will not because the ICPC are investigating this matter. EFCC are investigating this matter. Part of this matter is before the court of law and many other agencies,” he said.

He added that lawmakers would meet Adeyemi at an undisclosed date and location, with the interaction recorded on camera and conducted in the presence of police officers and his legal representatives.

The committee is investigating allegations surrounding the creation and operations of the purported PFIPC, including claims of impersonation, forgery, financial impropriety and the unlawful use of government facilities, official insignia and security apparatus.

As part of the probe, the committee also summoned the Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, to appear on Thursday over official Federal Government number plates allegedly used on vehicles linked to the purported council.

During Tuesday’s hearing, the Managing Director of Divine Dopacy Nigeria Limited, Gbenga Collins, alleged that he paid N400 million to Adeyemi after being promised a contract to renovate and furnish what was presented as the official residence of the PFIPC Director-General.

Collins told lawmakers he believed the agency was a legitimate Federal Government institution because Adeyemi operated from an office at the Federal Secretariat in Abuja, moved with security personnel and official vehicles bearing government number plates, and received prominent visitors in what appeared to be a genuine government office.

According to him, he first met Adeyemi in Ogbomoso in December 2024 before being invited to Abuja in early 2025 to discuss a business opportunity.

He said Adeyemi later awarded his company a purported renovation contract and requested N400 million as proof of financial capacity to facilitate mobilisation for the project.

Collins testified that he transferred N380 million in four instalments between May and June 2025 to a Guaranty Trust Bank account belonging to World Entrepreneurs Limited, while the remaining N20 million was paid into an Access Bank account belonging to Sunshine Confectionery and Catering Services on July 29, 2025.

He said repeated assurances that mobilisation would begin in August 2025 never materialised, prompting him to petition the EFCC after his lawyer concluded he had been defrauded.

The businessman appealed to lawmakers to help recover the funds, saying the alleged fraud had crippled his business and forced him to sell personal assets to meet financial obligations.

Responding to questions from lawmakers, Collins denied that the N400 million constituted a bribe, insisting it was presented as a condition for facilitating the contract. He, however, admitted that he did not follow the formal procurement process before accepting the purported contract.

The committee is expected to conclude its hearings this week before submitting its report and recommendations to the House of Representatives for further legislative action.