ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

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 APC PRESIDENTIAL CAMPAIGN COUNCIL PRESS STATEMENT ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL At his press conference in Abuja on Friday, Alhaji Atiku Abubakar reiterated his proposed  “production subsidy” for locally refined petrol, which he said would reduce pump prices. He went further to ask President Bola Tinubu to slash the cost of diesel and petrol at the pump. That proposal raises important legal, fiscal and practical questions that he must answer. Section 205(1) of the Petroleum Industry Act 2021 provides that unrestricted free-market conditions shall determine wholesale and retail prices of petroleum products. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement on Saturday, explained that it neither fixes pump prices nor issues administrative price templates, except where the statutory conditions for intervention are met. The PIA provisions guide its function.  At the moment, “No such market fail...

EMBATTTLED FAKE AGENCY BOSS CLAIMS HE LOBBIED BUDGET OFFICE FOR ₦1.3BN ALLOCATION IN 2026 BUDGET. (PHOTO).



Embatttled Fake Agency Boss Claims He Lobbied Budget Office for ₦1.3bn Allocation in 2026 Budget

Prince Adeyemi Matthew Adeniyi, Director-General of the controversial Presidential Foreign Intervention Promotion Council, has alleged that he personally lobbied officials at the Budget Office to secure the inclusion of the agency in the 2026 Federal Government budget.


Adeniyi made the claims during a recent interview with popular social media influencer Martins Vincent Otse, better known as VeryDarkMan. The interview was released on Sunday via Instagram following Adeniyi’s arrest.


The alleged fake agency was allocated approximately ₦1.3 billion in the 2026 Appropriation Act, despite ongoing investigations into its legitimacy.


In the interview, Adeniyi absolved the Chief of Staff to the President, Femi Gbajabiamila, of any involvement, insisting he never met him physically. He claimed his late associate, Dolapo Tanimola, handled all related matters.


According to Adeniyi, he first approached the Budget Office in December 2024 for inclusion in the 2025 budget but was told the process had closed.


“I went to that Budget Office for the 2025 budget. I submitted the letter and everything that I wanted, but I was told it was already late,” he said.


He alleged that officials advised him to target the 2026 budget instead. “When the 2025 budget came out and I didn’t see this budget, those people that I went to then said it would now be for the 2026 budget. We kept in touch because they said it would be considered later,” Adeniyi added.


He further claimed that a female official helped him gain access to the Director-General of the Budget Office, who then referred him to another senior official. “She helped me to see the oga. Oga now said, ‘Where is my shini?’ I said I don’t have any shini. He later asked me to meet one director,” he alleged.


Adeniyi denied paying any bribes to facilitate the process. “Honestly, I did not pay any money. I didn’t pay anybody. The only thing I promised was that if I started employing people, I could help them with employment opportunities. That was the favour I promised them,” he stated.


He expressed surprise that the agency eventually appeared in the 2026 budget after his arrest. “Immediately, there was a problem; everything stopped… I didn’t even know until they said it was inside the budget. I had already left the office,” he said.


When asked about allegations that he paid ₦400 million to secure his appointment, Adeniyi confirmed the amount was paid in United States dollars through his late associate, Dolapo Tanimola, but maintained he never met Gbajabiamila.


In the caption accompanying the video, VeryDarkMan called for a thorough investigation into the Budget Office and other government institutions, arguing that Adeniyi should not be the only person held accountable if the claims are substantiated.

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