•Explains how PFIPC was allocated money in the budget By Emma Ujah, Abuja Bureau Chief & Gift Chapi-Odekina The Budget Office of the Federation (BOF) yesterday explained that the Presidential Foreign Intervention Promotion Council (PFIPC), which the presidency declared as fake and is currently being investigated by the Independent Corrupt Practices Commission, ICPC, had its origin in the last administration of late President Muhammadu Buhari. Read Also: N1.32bn allocation: No Kobo was released to PFIPC, Budget Office tells Reps The Director-General of the Budget Office, Mr. Tanimu Yakubu who provided the explanation in a statement, after appearing before members of the House of Representatives, in Abuja 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. His words, “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. “The Budget Office did not create the Council.
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.” Mr.
Tanimu further explained that the Council submitted a personnel estimate of N3.850 billion for the 2026 Fiscal Year and that his Office had to reduce that figure to N802.978 million, using the authorised establishment, the approved recruitment waiver, the applicable public-service salary structure and the extant costing methodology According to the D-G, “Council later submitted a personnel estimate of N3,850,935,…
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