The House of Representatives Ad-hoc Committee probing the alleged establishment of the Presidential Foreign Investment Promotion Council (PFIPC) without legal backing has summoned the National Security Adviser (NSA) and the Minister of Foreign Affairs to explain how the council allegedly operated despite concerns over its legitimacy. The committee also issued a final ultimatum to relevant Ministries, Departments and Agencies (MDAs) that have yet to appear before it, directing them to attend its sitting on Thursday.

106 young people who were allegedly lured into the scheme were saved after the Nigeria Security and Civil Defence Corps, Badagry Area-Command, discovered a suspected bogus university operating out of a three-bedroom apartment in Ilado, Olorunda Local Council Development Area, Lagos State. The command also detained the institution's purported owner, who was charged with enticing young people from Nigeria and nearby West African nations with offers of admission to a foreign university.

ABUJA, - Nigeria's central bank said it opened two foreign currency accounts for the disputed Presidential Foreign Investment Promotion Council (PFIPC) after receiving authorisation from the Office of the Accountant-General of the Federation (OAGF), despite questions over the council's legal status. The disclosure was made on Monday during a hearing of a House of Representatives ad hoc committee investigating the legal basis, operations and budgetary allocation of the council, which lawmakers have described as a "phantom" agency.

The Federal Government on Friday charged three men, Abdulrazak Umar (a.k.a. Abu Khalifa/Abu Khalid), Yunusa Musa (a.k.a. Yunusa bin Musa), and Shamsu Adamu Sani (a.k.a. Abu Itisar), for the recent kidnapping of children and teachers of a school in Orire Local Government Area (LGA) of Oyo State. The 10-count charges filed before the Federal High Court, Abuja, border on terrorism, kidnapping, concealment, incitement and illegal mining.

A Federal High Court in Abuja has ordered the final forfeiture of 57 properties linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, to the Federal Government. The ruling was delivered on Wednesday by Justice Joyce Abdulmalik, who upheld an application filed by the Economic and Financial Crimes Commission (EFCC). The court held that those challenging the forfeiture failed to provide sufficient evidence to counter the commission’s claim that the assets were acquired through unlawful means.

Adeniyi Adeyemi, the self-described Director-General of the purported Presidential Foreign Investment Promotion Council, was detained by the Nigeria Police Force on Tuesday in accordance with a bench warrant issued by a Federal High Court in Abuja after he neglected to show up for his arraignment on an eight-count charge that included allegations of conspiracy, forgery, and impersonation. Following the defendant's absence when the matter was called, Justice Mohammed Umar granted an oral application by the prosecution, led by Wisdom Madaki, and ordered Adeyemi's detention.