The Budget Office of the Federation (BOF) has explained that the Presidential Foreign Intervention Promotion Council (PFIPC), which the Tinubu-led government has declared a fake agency and is currently being investigated by the Independent Corrupt Practices Commission (ICPC) originated from Buhari-led government.
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The Director-General of the Budget Office, Tanimu Yakubu, said this when he appeared before the House of Representatives in Abuja, on Friday, July 24. Yakubu said the PFIPC’s institutional origin was premised on the Presidential Economic Advisory Council inaugurated by President Muhammadu Buhari on October 9, 2019. He also explained how the fake agency was allocated money in the 2026 budget.
“PEAC/PFIPC did not enter the 2026 Budget merely because it asked for funds. The Council had its origin in the Presidential Economic Advisory Council inaugurated during the administration of the late President Muhammadu Buhari on October 9, 2019. By the time preparation of the 2026 Budget began, official instruments had already been issued by the institutions charged with those functions.
The Office of the Accountant-General of the Federation had assigned an administrative code to the PFIPC. The Office of the Head of the Civil Service of the Federation had approved an authorised establishment and a recruitment waiver. The applicable public-service salary structure also existed. These instruments did not come from the Budget Office. They came to it.
The Budget Office did not create the Council. It did not assign its code. It did not approve its establishment. It did not grant its recruitment waiver. It received official instruments and did what the law required of it: it measured their fiscal effect.”
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