Ex- President Buhari Not Involved In PFIPC/PEAC Conundrum -------- BMO
The Buhari Media Office, BMO has debunked attempts to link the Presidential Foreign Intervention Promotion Council, PFIPC, fraud to late President Muhammad Buhari’s regime.
The Buhari Media Office, BMO has debunked attempts to link the Presidential Foreign Intervention Promotion Council, PFIPC, fraud
to late President Muhammad Buhari’s regime.
The BMO spoke in a statement weekend, noting that the claims of the PFIPC frauk link with Buhari were false and without foundation.
It said, “President Buhari did not create a fictitious agency, the so-called “Presidential Foreign Intervention Promotion Council, PFIPC / Presidential Economic Advisory Council, PEAC, that was allegedly allocated ₦1.3 billion in the 2026 Appropriation.
“What he created was the Presidential Economic Advisory Council, PEAC. At inception, it operated from the second floor of the Ministry of Health offices designated for the Chief Economic Adviser to the President, a position he did not appoint until much later, at the Federal Secretariat."
The BMO further recalled that under the last administration, the PEAC had no budget line. Its activities were funded through presidential approvals to the Minister of Finance, adding that the PEAC was an ad-hoc (part-time) body, purely advisory, and made up of professional economists and financial experts to offer expert economic advice to the President under the chairmanship of Professor Doyin Salami, CFR before he was eventually made the Chief Economic Adviser.
"Others in the PEAC, BMO, were Professor Mahmuda Sagagi, Vice Chairman, and the members were Prof. Ode Ojowu, Dr. Shehu Yahaya, Dr. Iyabo Masha, Prof. Chukwuma Soludo, Mr. Bismark Rewane and Dr. Mohammed Adaya Salisu, Senior Special Assistant to the President, Development Policy as secretary.
“They were not paid salaries but office expenses were paid by the Permanent Secretary, State House upon approval by the President.
“When the current administration assumed office in 2023, it neither dissolved the Buhari-appointed PEAC nor reappointed its members.
“The members, being political appointees, considered that their term had ended following the departure from office of the administration that appointed them.
“The office at the Secretariat, branded both as Presidential Economic Advisory Council and Office of the Chief Economic Adviser to the President,” remained vacant. It was only put to use two to three years later by others.”
According to the BMO, news reports saying that the ongoing comedy-drama on the alleged fictitious government agency is rooted in the Buhari administration are false, groundless, and lack any factual basis, BMO concluded.
The BMO spoke in a statement weekend, noting that the claims of the PFIPC frauk link with Buhari were false and without foundation.
It said, “President Buhari did not create a fictitious agency, the so-called “Presidential Foreign Intervention Promotion Council, PFIPC / Presidential Economic Advisory Council, PEAC, that was allegedly allocated ₦1.3 billion in the 2026 Appropriation.
“What he created was the Presidential Economic Advisory Council, PEAC. At inception, it operated from the second floor of the Ministry of Health offices designated for the Chief Economic Adviser to the President, a position he did not appoint until much later, at the Federal Secretariat."
The BMO further recalled that under the last administration, the PEAC had no budget line. Its activities were funded through presidential approvals to the Minister of Finance, adding that the PEAC was an ad-hoc (part-time) body, purely advisory, and made up of professional economists and financial experts to offer expert economic advice to the President under the chairmanship of Professor Doyin Salami, CFR before he was eventually made the Chief Economic Adviser.
"Others in the PEAC, BMO, were Professor Mahmuda Sagagi, Vice Chairman, and the members were Prof. Ode Ojowu, Dr. Shehu Yahaya, Dr. Iyabo Masha, Prof. Chukwuma Soludo, Mr. Bismark Rewane and Dr. Mohammed Adaya Salisu, Senior Special Assistant to the President, Development Policy as secretary.
“They were not paid salaries but office expenses were paid by the Permanent Secretary, State House upon approval by the President.
“When the current administration assumed office in 2023, it neither dissolved the Buhari-appointed PEAC nor reappointed its members.
“The members, being political appointees, considered that their term had ended following the departure from office of the administration that appointed them.
“The office at the Secretariat, branded both as Presidential Economic Advisory Council and Office of the Chief Economic Adviser to the President,” remained vacant. It was only put to use two to three years later by others.”
According to the BMO, news reports saying that the ongoing comedy-drama on the alleged fictitious government agency is rooted in the Buhari administration are false, groundless, and lack any factual basis, BMO concluded.
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