The last is yet to be heard over the controversy surrounding the creation of a fictitious federal agency on the aegis of Presidential Foreign Intervention Promotion Council (PFIPC).
This is as the Buhari Media Office (BMO) on Sunday, July 26, 2026 debunked claims linking the administration of late President Muhammadu Buhari to the creation of the so-called “Presidential Foreign Intervention Promotion Council (PFIPC)” and the “Presidential Economic Advisory Council (PEAC)”.
BMO pointedly said that news reports stating that the ongoing comedy-drama on the alleged fictitious government agency that was allegedly allocated ₦1.3 billion in the 2026 Appropriation, is rooted in the Buhari administration are false, groundless, and lack any factual basis.
A statement by the Buhari Media Office explained that what was created was the Presidential Economic Advisory Council (PEAC) which operated at the inception from the 2nd floor of the Ministry of Health offices designated for the Chief Economic Adviser to the President.
The BMO stressed that the position remained vacant as no one was appointed until much later, at the Federal Secretariat.
According to the BMO, “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 the President, Development Policy as secretary,” BMO stated.
It further said that the members were not paid salaries, but office expenses were paid by the Permanent Secretary, State House upon approval by the President.
BMO further stated that when the President Bola Ahmed Tinubu administration assumed office in 2023, it neither dissolved the Buhari-appointed PEAC nor reappointed its members, saying that the members, being political appointees, considered that their term had ended following the departure from office of the administration that appointed them.
It also said that the office at the Secretariat, branded both as “Presidential Economic Advisory Council” and “Office of the Chief Economic Adviser to the President,” remained vacant, stressing that it was only put to use two to three years later by others.
