Fresh controversy has continued to surround Prince Matthew Adeniyi Adeyemi and the alleged Presidential Foreign Investment Promotion Council (PFIPC) as the Federal Government intensifies investigations into the activities of the organisation.

Authorities are reportedly examining how the PFIPC allegedly operated and secured recognition in certain official processes despite government claims that it was not a legally established federal agency.

The Presidency has maintained that the PFIPC is not a recognised government institution and has directed relevant security and anti-corruption agencies to identify and investigate individuals who may have facilitated its activities.

The ongoing probe is expected to focus on the circumstances surrounding the organisation’s operations, including allegations of impersonation, forgery, and the unlawful use of government identity.

Reports have also raised questions about Adeyemi’s previous public appointments and activities, with investigators expected to examine records connected to the matter.

Meanwhile, criminal charges have reportedly been filed against Adeyemi and other individuals in connection with the controversy, as authorities continue efforts to establish the full extent of the alleged infractions.

The development has generated widespread public interest, with calls for a transparent investigation and accountability for all those found culpable.