The Nigeria Police Force has uncovered how Prince Adeniyi Adeyemi Matthew, who paraded himself as Director-General of a fictitious Presidential Economic Advisory Council and Presidential Foreign Intervention Promotion Council, allegedly blew N400 million on cars, relatives and luxury items.
According to an exclusive Police Investigation Report of July 24, 2026 obtained by The Nation, the suspect did not convert the money to dollars as claimed, and there was no record of payment to Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila.
The report said Adeyemi contradicted himself by claiming he secured the appointment in March 2024 but paid a N400 million bribe in 2025. He also obtained an additional N100 million loan from a microfinance bank to sustain his lifestyle.
Police said five top government officials have been identified and quizzed for allegedly aiding him to infiltrate MDAs. They include two directors in the Office of the Accountant-General of the Federation and Office of the Head of Civil Service, a Special Assistant in the Budget Office, an Assistant Director in the Ministry of Budget and Economic Planning, and a seconded staff from the Office of the SGF.
Twenty-two other suspects whose names featured in the probe were also grilled.
The case, which bothers on conspiracy, forgery, impersonation, obtaining money under false pretences and money laundering, was reported by Gbajabiamila in a petition dated 17th October 2025.
The report has been forwarded to the AGF, DSS and other MDAs. The five officials have been recommended for trial pending DPP advice.
