The planned meeting between the House of Representatives Ad-hoc Committee investigating the controversies surrounding the purported Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council (PEAC/PFIPC) and its embattled Director-General, Prince Adeyemi Adeniyi Mathew, scheduled for Monday, has been stalled.

The development came as the committee prepares to reconvene on Wednesday, August 12, 2026, to interface with representatives of key Ministries, Departments and Agencies (MDAs) connected with the issues under investigation.

Those expected before the panel include representatives of the Office of the Head of the Civil Service of the Federation, Office of the Accountant-General of the Federation, Secretary to the Government of the Federation, Budget Office of the Federation, as well as the Federal Ministries of Finance and Foreign Affairs, among others.

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The meeting with the MDAs is expected to provide the Ad-hoc Committee with further clarification on the administrative, financial and governmental processes allegedly linked to the purported PEAC/PFIPC, as the investigative hearing gradually moves towards conclusion.

Meanwhile, sources familiar with the development said the Ad-hoc Committee’s planned follow-up engagement with Adeyemi on Monday did not hold as envisaged. The development came after lawmakers had earlier succeeded in meeting him briefly at the police facility where he is being detained.

“Based on the earlier discussion held last Friday, he (Adeyemi) suppose to meet his lawyer and give the Committee a date. But nothing has happened till now,” one of the Sources told Nigerian Tribune.

The Ad-hoc Committee, chaired by Hon. Yusuf Gagdi, had visited Adeyemi in police custody on Friday as part of efforts to obtain his side of the allegations surrounding his purported leadership and activities of the organisation.

However, the meeting was brief after Adeyemi reportedly insisted that he could not substantively respond to the allegations or answer questions from the lawmakers in the absence of his counsel.

According to authoritative sources, the embattled Director-General acknowledged the presence of the committee members but maintained that he would not make substantive statements until his lawyer was available to represent him.

The Ad-hoc Committee’s visit was nevertheless regarded as a significant breakthrough, having previously encountered difficulties in securing Adeyemi’s appearance before the panel following his arrest and detention by the police pursuant to a court order.

Adeyemi is currently in police custody following a bench warrant issued by the Federal High Court in Abuja after he failed to appear for arraignment on an eight-count charge bordering on alleged conspiracy, forgery and impersonation.

Justice Mohammed Umar issued the arrest order after granting an oral application by the prosecution when the defendant was absent as the matter, marked FHC/ABJ/CR/562/2025, was called. The case has suffered several adjournments.

The charges filed by the Nigeria Police Force relate to Adeyemi’s alleged operation of the purported Presidential Foreign Investment Promotion Council, an organisation the Presidency has reportedly said does not exist.

At the proceedings leading to the bench warrant, prosecution counsel, Wisdom Madaki, sought the arrest order, while Adeyemi’s lawyer, Genesis Francis, told the court that his client feared for his life. Justice Umar subsequently said, “The court will help him be alive,” before ordering the issuance of the bench warrant.

The police had earlier told the Ad-hoc Committee that it could not simply produce Adeyemi before the lawmakers without a reproduction warrant from a competent court. The Inspector-General of Police, Olatunji Disu, was represented at the July 27 hearing by an Assistant Commissioner of Police from his office, Bashir Abdullahi, who confirmed that the Force had filed an eight-count charge against Adeyemi.

According to Abdullahi, the investigation followed, among other things, a petition dated October 17, 2025, from the Office of the Chief of Staff to the President, Femi Gbajabiamila, alleging that Adeyemi fraudulently presented himself as Director-General of the purported Presidential Economic Advisory Council and Presidential Foreign Investment Promotion Council.

The police also alleged that he used the purported office to secure accommodation at the Federal Secretariat, sought approval to recruit about 300 staff, attempted to insert about N1.3 billion into the 2026 Appropriation Act and planned a World Investment Summit under its platform.

The investigation has also touched on allegations surrounding the refurbishment of an official residence allegedly allocated to Adeyemi. On August 4, the Managing Director of Divine Dopacy Limited, Gbenga Collins, told the committee that Adeyemi allegedly demanded N400 million to facilitate a N2.784 billion contract for furnishing the residence.

Collins alleged that the money was paid in five tranches, including N100 million each on May 16, May 22 and May 28, 2025, N80 million on June 20 into the GTBank account of World Entrepreneurship University Limited, and N20 million on July 29 into the Access Bank account of Sunshine Confectionery and Catering Services.

The allegations remain subject to Adeyemi’s response before the Ad-hoc Committee.