By George Omagbemi
A businessman, Gbenga Collins, has told a House of Representatives ad-hoc committee that he lost N400 million after allegedly paying the money to Prince Adeniyi Adeyemi, who presented himself as Director-General of the Presidential Foreign Investment Promotion Council (PFIPC).
Collins, Managing Director of Divine Dopacy Nigeria Limited, said he believed Adeyemi was a genuine government official after visiting his office at the Federal Secretariat in Abuja, where he saw security personnel and government-registered vehicles.
According to him, Adeyemi later offered his company a contract to renovate and furnish an official residence allegedly allocated to him as Director-General.
Collins said he was asked to provide N400 million to demonstrate his company’s financial capacity and facilitate mobilisation for the project. He told lawmakers that N380 million was paid in four instalments between May and June 2025, while the remaining N20 million was transferred on July 29, 2025.
He said the promised mobilisation never materialised and he eventually discovered he had allegedly been scammed.
Adeyemi is currently in police custody and faces allegations including forgery and impersonation.
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