The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said the outcome of its investigation into the alleged Presidential Foreign Investment Promotion Council (PFIPC) is expected to reinforce public confidence in government institutions by separating verified facts from unsubstantiated claims.
The commission noted that the investigation was guided by documentary evidence and consultations with relevant Ministries, Departments and Agencies (MDAs), adding that every claim made during the probe was subjected to careful verification before conclusions were reached.
According to the ICPC, the findings indicate that the purported council did not possess any legal authority to operate as a Federal Government institution. The commission maintained that there were no official records showing that the body had been established through constitutional or administrative procedures recognised by the Federal Government.
The anti-corruption agency further stated that no evidence was uncovered linking the Presidency or senior government officials to the activities of the alleged council. It stressed that the investigation focused on facts obtained from official records rather than speculation or public commentary.
The commission added that the case highlights the importance of strengthening institutional safeguards to prevent the misuse of government identities, official titles and forged documents. It urged public institutions to improve document authentication systems and ensure that official communications can be easily verified.
ICPC also called on members of the public, private organisations and foreign investors to verify the status of government agencies and officials through appropriate authorities before entering into agreements or recognising any organisation claiming federal approval.
The commission reaffirmed that it would continue working with other law enforcement and oversight agencies to ensure that those found responsible for any criminal wrongdoing are prosecuted in accordance with the law. It added that ongoing investigations into related matters would continue until all outstanding issues surrounding the case have been fully addressed.
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