Police Trace 34 Bank Accounts in Expanding PFIPC Fraud Investigation
The Nigeria Police Force has intensified its investigation into the alleged activities of the controversial Presidential Foreign Intervention Promotion Council (PFIPC), uncovering what investigators described as a fake agency and tracing 34 bank accounts allegedly linked to the suspected fraud.
According to investigators, the bank accounts are being examined as part of efforts to establish the financial transactions connected to the organisation and identify individuals who may have benefited from its operations.
The police alleged that the PFIPC operated without legal backing while presenting itself as a government institution. Investigators also claimed the organisation used forged government documents and falsely projected itself as an authorised federal agency.
The ongoing investigation is expected to determine the source of funds that passed through the identified accounts, the beneficiaries of the transactions and whether any financial crimes were committed.
Authorities said forensic and financial analyses are ongoing, while additional suspects and witnesses may be invited as the investigation progresses.
The PFIPC scandal has attracted nationwide attention following allegations of forgery, impersonation and conspiracy against individuals linked to the organisation. Law enforcement agencies have since filed criminal charges, while investigations continue into the activities of those associated with the alleged scheme.
The Presidency has repeatedly maintained that the PFIPC is not a recognised agency of the Federal Government and has pledged to support efforts aimed at identifying and prosecuting anyone found culpable.
The police reaffirmed their commitment to conducting a thorough and transparent investigation, assuring Nigerians that anyone found to have violated the law would be prosecuted in accordance with due process.
