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How Adeniyi indicted budget office, says ₦1.3bn allocation to alleged ‘fake’ agency was based on ‘sharing ratio’ agreement

Chima by Chima
July 21, 2026
in Crime, National, News, News
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The embattled Director-General of the alleged Presidential Foreign Intervention Promotion Council (PFIPC), Prince Adeyemi Matthew Adeniyi, has accused officials of the Budget Office of the Federation of facilitating the controversial inclusion of the agency in the 2026 Federal Government budget under what he described as a “sharing ratio” arrangement.

Adeniyi made the allegation during an interview with social media influencer Martins Vincent Otse, popularly known as VeryDarkMan, in an Instagram video released on Sunday following his arrest.

The alleged agency, which the Presidency has consistently described as fictitious, was allocated about ₦1.3 billion in the 2026 Appropriation Act despite investigations into its authenticity.

In the interview, Adeniyi claimed he personally lobbied Budget Office officials to secure the allocation after his initial request for inclusion in the 2025 budget was rejected because the appropriation process had closed.

He alleged that discussions with officials later shifted to the 2026 budget, during which an understanding was reached that any eventual allocation would be shared according to an agreed formula.

According to him, he did not pay cash to any official but was expected to honour a “sharing ratio” if the budget proposal succeeded.

Adeniyi also alleged that a senior Budget Office official demanded a financial inducement, popularly referred to as “shini,” before directing him to another official handling the proposal.

He, however, insisted that he did not pay any money, maintaining that he only promised to offer employment opportunities if the agency eventually became operational.

The embattled claimant further said his arrest halted all engagements with Budget Office officials, expressing surprise when he later discovered that the agency had nevertheless appeared in the 2026 budget with a ₦1.3 billion allocation.

Adeniyi also denied having any direct relationship with the Chief of Staff to the President, Femi Gbajabiamila, insisting he never met him physically before or after his appointment and that all contacts were allegedly handled through his late associate, Dolapo Tanimola.

He further claimed that the ₦400 million allegedly paid to secure his purported appointment was delivered in United States dollars through the late Tanimola.

The allegations have not been independently verified, while the Budget Office and the officials mentioned have yet to respond publicly to the claims.

Adeniyi is currently facing charges bordering on forgery, impersonation and operating a fictitious government agency. The Presidency has repeatedly distanced itself from both Adeniyi and the alleged Presidential Foreign Intervention Promotion Council, describing him as an impostor.

 

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