Buhari not connected to PFIPC/PEAC conundrum — BMO

The Buhari Media Organisation (BMO) has said that late President Muhammadu Buhari was not in any way connected to the controversial Presidential Foreign Intervention Promotion Council (PFIPC)/Presidential Economic Advisory Council (PEAC).

The Buhari Media Organisation (BMO) made this known in a statement it issued to newsmen on Sunday on the controversial agency.

The Eagle Online recalls that there had been reports that the PFIPC was created during the administration of Buhari.

The statement by the BMO on the controversial agency headed by self-styled Director General, Adeniyi Adeyemi, described the claims as false.

It said: “These claims are false.

“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.

“Under the last administration, the PEAC had no budget line. Its activities were funded through presidential approvals to the Minister of Finance.

“The PEAC was an ad-hoc (part-time) body, purely advisory, 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 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 thePresident, 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.

“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.”

𝕤𝕖𝕖 𝕞𝕠𝕣𝕖/𝕨𝕒𝕥𝕔𝕙 𝕥𝕙𝕖 𝕧𝕚𝕕𝕖𝕠 𝕙𝕖𝕣𝕖