Adeniyi Adeyemi, described by the outlets as the “fake” Director General of the PFIPC, says he borrowed N400 million to secure his appointment. He makes the claim during an appearance on Channels Television’s Politics Today, where he explains the circumstances around the payment. Both reports describe that his lenders have petitioned the Economic and Financial Crimes Commission (EFCC) requesting a refund. The Punch adds that Adeyemi attributes the money to the process of obtaining the PFIPC role and that the EFCC is being approached regarding the refund matter.

Vanguard notes that the disclosure comes weeks after Adeyemi accused Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, of receiving the money through an intermediary to facilitate the appointment. The two accounts present Adeyemi’s financial claim and the subsequent EFCC petition, while also referencing his earlier allegation involving a senior official’s supposed role via a middleman. Neither source provides verified documentary details in the excerpts, focusing instead on Adeyemi’s statements and the response from his lenders.