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Alleged N27.4bn Scandal: Presidency Exonerates Gbajabiamila, Says Adeyemi Matthew is a ‘Con Artist’

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The Presidency has volunteered details on how a certain Prince Adeniyi Adeyemi Matthew, allegedly built an elaborate web of forged documents, fake government appointments and fictitious agencies to deceive public officials and present himself as a senior presidential appointee under the administration of President Bola Tinubu.

The Presidency, in a statement issued on Wednesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, described Adeyemi as “a con artist” who allegedly used forged appointment letters bearing the name of the Chief of Staff to the President, Femi Gbajabiamila, to create and operate a non-existent Presidential Foreign Intervention Promotion Council, later referred to as the Presidential Economic Advisory Council.

According to the statement, the alleged scam was uncovered after officials of the Nigerian Investment Promotion Council raised concerns that another purported government agency appeared to be operating alongside it.

The Office of the Chief of Staff subsequently alerted security agencies, accusing unnamed individuals of forging official appointment letters purportedly issued from his office.

“The attention of this office has been drawn to the activities of certain individuals and groups engaged in the forgery of official appointment letters purportedly issued from my office,” Gbajabiamila said in a petition dated October 17.

“The fake documents, bearing falsified signatures, reference/folio numbers, and seals, have been used to claim leadership appointments to non-existent entities, with particular reference to the Presidential Foreign Intervention Promotion Council.”

The Chief of Staff disclosed that Adeyemi had allegedly established an office at the Federal Secretariat Complex in Abuja, where he reportedly hosted meetings with Nigerians and foreign nationals while presenting himself as the Director-General of the fictitious agency.

According to the petition, the group even sought diplomatic support from the Ministry of Foreign Affairs to facilitate United States visas for its purported staff.

“The above development not only constitutes a serious criminal act but also undermines the integrity of the Presidency and the credibility of official government communication,” Gbajabiamila wrote.

“I therefore urge you to initiate a thorough investigation to identify and apprehend those involved and also to uncover the network facilitating the forgery.”

Foreign Affairs Ministry raises red flag

The statement revealed that concerns over Adeyemi’s activities had also reached the Federal Ministry of Foreign Affairs after he reportedly convened a meeting with ambassadors at the Wells Carlton Hotel and Apartments in Abuja on October 10, 2025, without the ministry’s knowledge.

In a letter dated October 15, 2025, signed by Ambassador Anderson Madubuike and addressed to the Office of the National Security Adviser and the Office of the Chief of Staff, the ministry sought clarification regarding the status of the purported agency.

“This act contravenes extant rules and regulations guiding diplomatic practices globally,” the ministry stated.

The enquiries triggered correspondence among the Office of the National Security Adviser, the Office of the Secretary to the Government of the Federation and the Office of the Chief of Staff.

Responding to the enquiries, Gbajabiamila categorically denied appointing Adeyemi or recognising the agency.

“Prince Adeniyi Matthew, Director-General of the Presidential Foreign Investment Promotion Council, is unknown to any office, nor do we have any dealings with the said council,” he wrote.

“My attention was drawn to a letter of this purported application, which is fake, and my office has instructed the police and other relevant security agencies to carry out investigations on the person and the entity he claims to represent.”

The Presidency stressed that the Chief of Staff could not have issued any appointment letter because appointments into government offices are the exclusive responsibility of the Office of the Secretary to the Government of the Federation.

Police uncover alleged forgery network

Following the petition, the Police launched an investigation and arrested Adeyemi on October 27, 2025, at the Abuja office from where he allegedly operated the scheme.

Searches conducted at both his office and residence in Suleja reportedly yielded several documents and exhibits believed to be connected with the operation.

Investigators said Adeyemi claimed that one Dolapo Babatunde Tanimola assisted him in procuring the forged appointment letter.

However, police investigations established that Tanimola had died in a fire incident at Kachi Hotel in Abuja on October 22, 2025, five days before Adeyemi’s arrest.

According to the State House, investigators established that the agency Adeyemi claimed to head never existed, while the appointment letters and several official documents recovered during the investigation were allegedly forged.

Police also accused him of falsely presenting himself as a presidential appointee and fraudulently requesting a diplomatic note verbale from the Ministry of Foreign Affairs to facilitate visa applications for himself and members of his organisation.

Investigators further alleged that Adeyemi operated no fewer than 34 bank accounts, including nine accounts opened in the names of fictitious organisations, including the FCT Investment Promotion Agency and Public Private Partnership (FIPA-APP).

The investigation also found that he allegedly succeeded in opening a Central Bank of Nigeria account by misleading the Office of the Accountant-General of the Federation using forged documents.

The Presidency, however, noted that investigators confirmed no government funds were ever paid into the account.

“The act of the suspect constitutes criminal forgery, impersonation and obtaining by false pretence, thereby bringing the office of the Chief of Staff to the President and the Presidency to disrepute before the public and international community,” the police report stated.

Eight-count charge filed

Based on the outcome of the investigation, police filed an eight-count charge before the Federal High Court in Abuja against Adeyemi and two alleged accomplices on November 27, 2025.

The matter is scheduled for hearing on July 27.

According to the Presidency, Adeyemi, while on police bail, recently resurfaced with fresh claims that the Chief of Staff had genuinely appointed him as Director-General of the agency.

The statement noted that the claim directly contradicted the statement he voluntarily made to investigators during the police probe.

It said the renewed allegation prompted Gbajabiamila to issue another public disclaimer on June 8, reaffirming that Adeyemi was an impostor.

Presidency urges caution

The Presidency said Adeyemi had a history of alleged fraudulent misrepresentation, recalling that in 2016 he allegedly presented himself as President-General of the World Youth Organisation, claiming it was affiliated with the United Nations before the UN reportedly disowned the organisation.

Describing the case as that of “a con artist who appears to have built a web of false claims to deceive unsuspecting government officials and the public,” the Presidency urged politicians and members of the public to avoid drawing conclusions before the ongoing criminal trial is concluded.

It further advised that, since the matter is before the court, interested parties should allow the judicial process to determine the allegations against Adeyemi and his co-defendants.

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Family, Nollywood Stars Pay Glowing Tributes to Olu Jacobs

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Nollywood practitioners, colleagues, family members and associates of late veteran actor, Olu Jacobs, on Wednesday night, celebrated his life and contributions to the entertainment industry.

The event, which held at Glover Memorial Hall, Lagos Island, attracted prominent actors, filmmakers and other stakeholders in the creative industry who gathered to honour the late thespian whose career spanned more than five decades.

Celebrities at the event reflected on his professionalism, humility, mentorship and immense influence on generations of actors.

Richard Mofe-Damijo described Jacobs as a father figure whose influence helped shape the careers of many actors, including himself.

He said Jacobs’ decision to return to Nigeria and invest his talent in the local industry helped create opportunities for younger performers.

“Uncle Olu was more than a colleague; he was a father figure to many of us.”

“His professionalism, discipline and commitment to excellence set a standard we continue to aspire to.”

“His legacy is not just in the films he made, but in the people he inspired and the industry he helped build.”

Sola Sobowale described Jacobs as a remarkable actor whose talent, kindness and humility made him a treasured figure in the industry.

She said his ability to command attention on screen was matched by his warmth and generosity off screen.

“Uncle Olu was a rare gift to Nigerian cinema, and we are blessed to have witnessed his greatness.”

“He carried himself with dignity, humility and a level of professionalism that every actor should learn from.”

“His legacy will continue to live through the stories he told and the generations he inspired.”

Segun Arinze described Jacobs as one of the defining figures of Nigerian acting, noting that his career provided a benchmark for aspiring performers.

He said the late actor’s contributions extended beyond his memorable performances to the standards he established for the profession.

“He was one of the people who showed us what it truly means to be an actor.”

“His dedication to his craft and his ability to bring every character to life were exceptional.”

“Olu Jacobs may have taken his final bow, but his influence on Nigerian entertainment will never fade.”

Fred Amata described Jacobs as an exceptional actor whose professionalism and dedication to the craft inspired generations.

“Uncle Olu was a master of his craft and he brought dignity and excellence to acting.

“His legacy will continue to inspire us.”

Jide Kosoko described Jacobs as a respected colleague whose contributions to Nollywood would remain unforgettable.

“He was a brother and a great professional and his impact on this industry cannot be overstated.

“We will forever cherish the memories and lessons he left behind.” he said.

Veteran actor, Adebayo Salami, popularly known as Oga Bello, described Jacobs as one of the pillars of Nigerian acting.

“Olu Jacobs was a great ambassador of our profession and he represented excellence, discipline and humility.

“His contributions to the industry will never be forgotten.” he said.

The late Oludotun Baiyewu Jacobs was born on July 11, 1942, in Abeokuta, Ogun State.

He trained at the Royal Academy of Dramatic Art (RADA), London, before building an international career in theatre, television and film.

He later returned to Nigeria, where he became one of the most respected figures in the country’s entertainment industry.

His distinguished career earned him several recognitions, including the national honour of Member of the Order of the Federal Republic (MFR), the Africa Movie Academy Award for Best Actor in a Leading Role and the Industry Merit Award at the Africa Magic Viewers’ Choice Awards.

Beyond his remarkable performances, Jacobs was celebrated for his contribution to the professionalisation of acting, mentorship of younger talents and promotion of Nigerian stories.

The Night of Tributes provided an opportunity for the industry to celebrate a man whose artistry, integrity and commitment to excellence helped shape Nigerian entertainment.

As colleagues and admirers remembered him, the gathering reaffirmed Jacobs’ enduring place in the history of Nigerian theatre and cinema.

The funeral service is scheduled for Friday, October 2, at This Present House, Lekki Phase 1, Lagos.

NAN

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Our Objective is Not to Manage Poverty, But Defeat It, Tinubu Assures on 66th Independence Anniversary (Full speech)

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By Eric Elezuo

President Bola Tinubu has assured Nigerians that the intention of his government is not to manage poverty efficiently, but to completely defeat it, stressing that his administration has recorded massive achievements in the last three years since it assumed leadership.

Tinubu made the remarks while delivering his 66th Independence Day message, titled From Reform to Prosperity, to Nigerians on Thursday.

While bringing to the fore the programmes initiated by his administration to fight poverty, Tinubu insisted that that:

“These programmes are not substitutes for prosperity. They are a bridge to aid our nation’s citizens on their path towards it. Our objective is not to manage poverty more efficiently.

“We will defeat it.

“It will take time. It will require discipline. It will require sustained growth year after year and the creation of millions of productive opportunities across our country.”

Tinubu’s full Independence Day Speech:

My fellow Nigerians,

Sixty-six years ago today, our flag was raised, for the first time, over a free and sovereign nation. Since then, we have journeyed together as one nation, bound by our collective trust in the great promise of Nigeria: that a country of our size, our bountiful resources, our cultural diversity and, above all, our extraordinary people can build a giant in Africa; that in this blessed and fertile land we can build a united, strong and prosperous nation; a land of regional authority and global consequence.

Our journey has not always been easy. In truth, it has generally been too hard for too many. We have known moments of great hope and periods of profound disappointment. We have endured war, military rule, economic crises, insecurity and political upheaval. Yet through it all, Nigeria, with the indomitable spirit of its people, has endured.

It has endured through the efforts of the farmer who rises before dawn to work his land. The trader who opens her shop each morning, hopeful for a productive day. The teacher who believes in the children entrusted to her care and the young entrepreneur who refuses to surrender ambition to circumstance. We are grateful for the men and women of our Armed Forces and security services who place themselves in harm’s way so that the rest of us may live in peace.

Through every difficulty, generations of Nigerians have continued to believe in one thing: that this country of ours will be better.

This faith, which sustains us all, is the inheritance of independence. Our founding fathers did not struggle merely for a flag, an anthem or a place among the nations of the world. Independence carried a larger promise: that Nigerians would have the freedom to shape their own destiny and build a nation capable of providing opportunity, dignity and a better life for its people. Sixty-six years later, Almighty God has made it our responsibility to deliver that promise.

Today, as we celebrate our independence, we must speak honestly about the journey so far, the choices we made, and the country we are determined to build from here.

For too long, the promise of Nigeria was undermined by choices that postponed difficult decisions and allowed deep economic distortions to grow.

By 2023, poverty was rising, and hope was nearly gone. The country’s situation was darker than ever. We had no choice but to act.

Nigeria was like a sick patient who receives the terrible news that he has cancer. His doctor explains that the treatment will be difficult and painful, but that it offers a strong prospect of recovery. The patient has a choice. He can begin treatment, endure its discomfort and fight the disease. Or he can ask only for morphine, dull the pain and leave the cancer to spread.

For too long, Nigeria’s leaders chose morphine while praying for a miracle that never came.

They focused on symptoms while allowing the disease to take hold deep within the fabric of our society. We spent enormous sums sustaining inefficient arrangements that were never intended to last. We hid from difficult truths and passed the consequences from one generation to the next.

When this Administration assumed office, we resolved to do things differently. We chose to excise the cancer. The reforms that followed were difficult. The side effects were real. Yet, we must never confuse the medicine with the disease.

Our reforms did not create the weaknesses in our economy. They confronted them. Now, as certain influential but regressive voices would have us abandon the treatment and return ourselves to the abuse of addictive subsidies, we must resist their siren song. We must remember why we began this journey and how far we have already come.

Three and a half years later, the evidence that Nigeria’s economic outlook has improved is undeniable. Our economy has grown by over 4 per cent this year. Both oil and non-oil sectors have contributed to the renewed period of stable growth.

Oil theft is down. Inflation has fallen substantially from its peak. Our foreign reserves have been rebuilt, our foreign exchange market has stabilised, and in 2025 this country recorded its highest revenue from non-oil exports in its history, exceeding $6 billion. This is real money being made by real Nigerian businesses.

These are not idle claims. International observers, journalists, NGOs and multilateral institutions can see the change. Each has concluded that our reforms have strengthened Nigeria’s economic stability and resilience. The private sector has long since delivered its verdict, and foreign direct investment continues to rise each year.

My fellow Nigerians, we have reached a turning point.

The emergency treatment is over. The foundation has been repaired. The central economic task before us has changed. For three years, our overriding purpose was to correct our nation’s course.

Now, our purpose is simple: shared and widespread prosperity.

When I speak of prosperity, I do not speak merely of a larger economy, abstract numbers or better statistics. I mean something much more personal.

I mean a Nigeria in which the farmer can cultivate his land safely, produce more at lower cost, and earn a decent return for his labour. A Nigeria in which factories have reliable power, businesses can obtain credit, and young people can find productive work. A Nigeria in which food and transportation are affordable, education is within reach, and hard-working families can look towards the future with confidence.

This is the promise we must now fulfil.

Our priority is to bring down the cost of living. We will achieve this by lowering the cost of producing and moving the things Nigerians consume.

We have the land and people to feed ourselves. My government is therefore focused on expanding mechanised irrigation and dry-season farming, improving access to seeds and fertiliser, holistically increasing mechanisation, and investing in storage and transportation. We are building and completing the roads, railways and ports that connect farms and factories to markets.

Our logic is simple. When a farmer produces more cheaply, when fewer crops are lost between the farm and the market, when a manufacturer spends less on electricity, when a truck reaches its destination faster, and when the business environment fosters fair competition, all those savings will ultimately find their way into the price of goods in the market.

But prosperity requires more than cheaper goods. It requires productive work.

Nigeria is a young country. Millions of young Nigerians enter adulthood every year with talent, energy and ambition. Our responsibility is to ensure that this great demographic strength becomes an engine of production rather than a source of despair.

We are therefore placing jobs, enterprise, and industrial growth at the heart of our government’s policies.

We will use our gas to power new industries. We will support businesses that work to bring factories back to life in our great industrial centres. We will expand digital connectivity into communities that have waited too long to participate in the modern economy. We will invest in the skills employers demand and support Nigerian businesses with the infrastructure and finance they need to grow.

I want to see more Nigerians making things. I want to see more Nigerian farms feeding our cities and supplying our factories. I want to see Nigerian businesses selling Nigerian goods to the whole world. I want young Nigerians building unicorns and creating opportunities for others here at home.

I am also conscious that millions of our fellow citizens cannot wait for tomorrow. Some Nigerian families still struggle today for the next meal, the next school fee, the next medical bill, or simply enough money to get to work. Their circumstances did not begin with the reforms of the last three years. Their struggle is the accumulated consequence of decades of low productivity, inadequate infrastructure, insufficient opportunity and institutions that too often failed those who needed them most.

We cannot erase in four years what accumulated over generations. But we can change its course. We can build an economy that steadily lifts people out of poverty while ensuring that those who remain vulnerable are not abandoned along the way.

That is why we are strengthening direct support for the poorest households and improving the National Social Register so that assistance reaches those who genuinely need it.

It is why the Nigerian Education Loan Fund is ensuring that the child of a low-income family need not surrender the dream of higher education simply because his parents cannot afford the fees.

It is why CREDICORP is giving working Nigerians access to consumer credit, allowing people to acquire vehicles, solar systems, digital devices and other essential assets without first having to accumulate years of savings.

That is why, working with our states and local governments, we will continue to strengthen primary healthcare, basic education, and the essential public services poorer Nigerians depend on most. Since 2023, we have paid salaries and pensions on time and in full. We have reformed the national pension program to benefit retirees and the vulnerable.

These programmes are not substitutes for prosperity. They are a bridge to aid our nation’s citizens on their path towards it. Our objective is not to manage poverty more efficiently.

We will defeat it.

It will take time. It will require discipline. It will require sustained growth year after year and the creation of millions of productive opportunities across our country.

But for the first time in decades, we embark on this task from a position of strength; with an economy whose fundamental direction has been corrected. We confronted the difficult choices we faced and have laid the foundations for lasting prosperity. Rather than fail the promise of a better future for our children, the time has come for us to build that future.

The age of reform has done its work. Now begins the age of prosperity. An age in which the promise of this great nation must finally become the lived experience of Nigerians from all walks of life.

We have travelled through difficult years together. We have made hard decisions together. And now, still together, we must build the country those decisions have made possible.

I believe deeply in what lies ahead.

I believe in the millions of ordinary men and women whose work, courage and determination have always been the true strength of our country. The road ahead will still demand much from us. But we now travel it with firm footing, a clear direction, and renewed hope in our collective future.

Nigeria has corrected its course. We have passed through our own Red Sea. This is not the time to look back. Let us go forward together, with faith in ourselves, faith in our country, and faith that the sacrifices we have made will yield their reward.

The Promised Land before us is a Nigeria of abundance and opportunity; a nation where prosperity is broadly shared, where every child can dream beyond the circumstances of his birth, and where our country’s immense promise is finally reflected in the lives of our people.

Our destination is in sight. Our foundations are strong. Our direction is clear. So let us go forward. No looking back.

Happy Independence Day, my fellow Nigerians. God bless you all, and God bless the Federal Republic of Nigeria.

Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria

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Tinubu Returns to Nigeria after 4-week ‘Working Vacation’ in Europe

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President Bola Tinubu has dismissed concerns over rumoured ill-health following his return to Nigeria from an extended working vacation in Europe, declaring that he is “healthy, sound, and ready to go.”

Tinubu spoke with journalists on Tuesday shortly after arriving in Lagos from Paris, where he spent the latter part of his stay abroad.

The President was responding to questions about concerns raised by some Nigerians and his supporters towards the end of his vacation regarding his health.

Tinubu rejected the concerns, saying there was nothing wrong with him.

“Ready to kick, ready to walk. There’s nothing wrong,” the President said.

He added: “Rumour will always be emanating from politics, but the facts remain I’m here. Healthy, sound, and ready to go.”

Tinubu left Nigeria on August 30 for a three-week working vacation in Europe. He initially travelled to London before proceeding to Paris, France.

The Presidency subsequently announced an extension of his stay, saying the President remained in touch with developments at home and continued to direct the affairs of the country while abroad.

His prolonged absence generated public discussion, particularly over the length of his stay outside Nigeria and its implications for his official responsibilities.

The African Action Congress also instituted legal action against Tinubu and the National Assembly over the trip, alleging that the President failed to notify the National Assembly before leaving the country.

With his return, Tinubu is expected to resume official engagements in Nigeria as the country prepares to mark its Independence anniversary on October 1.

The President’s comments in Lagos therefore sought to put to rest speculation surrounding his health, while signalling his readiness to resume his activities at home after several weeks in Europe.

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