Prince Adeniyi Adeyemi Matthew, who has been accused of posing as the Director-General of the Project Fund and Public Infrastructure and Finance Commission (PFIPC), has written an open letter to President Bola Tinubu, calling for an independent, multi-stakeholder investigation into the alleged PFIPC scandal and the controversial ₦1.3billion allocation inserted into the 2026 Appropriation Bill.

In the letter dated July 13, 2026, Adeniyi commended President Tinubu’s directive to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to investigate the circumstances surrounding the alleged scandal but argued that the probe should be broadened to guarantee transparency and public confidence.

Addressing the President, he wrote: “I write to you not as a fugitive evading accountability, but as a Nigerian citizen who maintains an unwavering belief in equity, justice, and the rule of law.”

He added: “I commend your recent directive tasking the Independent Corrupt Practices and Other Related Offences Commission (ICPC) with investigating the circumstances surrounding the PFIPC Scandal and ₦1.3 billion allocation inserted into the 2026 Appropriation Bill.”

According to him, “This directive is a vital first step, but the structural realities of this investigation compel me to speak out of a profound desire for absolute transparency.”

Adeniyi argued that an impartial investigation would be difficult under the current arrangement, stating that “obtaining a truly impartial hearing presents severe structural challenges.”

“The public narrative emanating from official channels remains heavily weighted toward my immediate arrest, effectively overshadowing the gravity of the systemic vulnerabilities and high-level involvement I have brought to light. True accountability cannot be achieved when the agency conducting the investigation answers directly to the branch of government within which the core allegations lie,” he wrote.

The accused also claimed that surrendering himself under the existing circumstances would endanger his life.

“Furthermore, I must state clearly that walking freely into custody under the current arrangement poses an immediate, existential threat to my life. I have received verified, highly reliable intelligence indicating that I am targeted for elimination the moment I surface in an unmonitored environment,” he stated.

He linked his concerns to the reported death of Mr. Dolapo Babatunde Tanimola, whom he described as “a central intermediary in this matter.”

According to Adeniyi, “Official reports claim Mr. Tanimola tragically died in a sudden fire incident at Kachi Hotel in Utako, Abuja. Yet, there remains a total absence of independent eyewitness or media verification of any such inferno.”

He further alleged that “under highly unclear circumstances and without the official involvement of any federal capital regulatory agency, the entire Kachi Hotel structure was swiftly invaded by unidentified armed actors and manually demolished down to the rubble days later — effectively erasing a vital physical crime scene and erasing material evidence.”

Adeniyi said that following “this calculated destruction of a key locus of this investigation, alongside multiple direct attempts on my life and the safety of my family,” he had been compelled to communicate from “a secure, undisclosed location.”

He urged President Tinubu to establish what he described as an “independent, multi-stakeholder investigative panel” to oversee the inquiry.

According to him, the panel should include civil society organisations such as Amnesty International and the Socio-Economic Rights and Accountability Project (SERAP), the Nigerian Bar Association (NBA), independent media representatives, international financial observers from the World Bank and the International Monetary Fund (IMF), human rights observers, diplomatic representatives from the United Nations, the United States, the United Kingdom, the European Union, ECOWAS and the African Union, while the ICPC and the Economic and Financial Crimes Commission (EFCC) should serve as technical partners.

Adeniyi declared: “The moment this independent, multi-stakeholder panel is constituted, I will immediately step forward to present comprehensive documentation and verifiable evidences.”

He further argued that “A system cannot credibly investigate itself when its own key actors are central to the discourse.”

He added that, “By broadening this panel, you will demonstrate to the world that your administration’s commitment to anti-corruption is absolute, institutional, and above palace politics. The international community is closely watching how Nigeria handles this test of fiscal integrity and governance.”

The letter concluded with an assurance of his willingness to cooperate with an expanded investigation.

“I remain fully prepared to present the facts and cooperate entirely with a balanced, secure, and independent panel,” he wrote.

Copies of the letter were addressed to a wide range of national and international institutions, including the United Nations, President Donald Trump, the World Bank, the IMF, Amnesty International, the European Union Delegation to Nigeria, the African Union Commission, the Nigerian Bar Association, ECOWAS, the National Assembly leadership, the Chief Justice of Nigeria, the Department of State Services, the Inspector-General of Police, the National Intelligence Agency, the Defence Intelligence Agency, the ICPC, the EFCC, the International Criminal Court, several foreign embassies and civil society organisations.

Previously , SaharaReporters reported that the Nigeria Police Force was set to arraign the Adeyemi, before the Federal High Court in Abuja on Tuesday over allegations bordering on forgery, impersonation and other related offences.

Adeyemi, alongside two other defendants, is facing an eight-count charge in suit number FHC/ABJ/CR/562/2025, filed by police prosecutor Wisdom Madaki on November 27, 2025.

The arraignment was initially scheduled for June 16, but proceedings were stalled after Adeyemi was reported to be ill.

Justice Mohammed Umar subsequently adjourned the matter until Tuesday for the defendants to take their plea.

Court documents, show that the prosecution has lined up several high-profile witnesses, including the Chief of Staff to the President, Femi Gbajabiamila, whose petition to the police reportedly triggered the investigation.

Other witnesses listed by the prosecution include Paul Emmanuel, Jeremiah Imoukhede, Ituah Sylvester, officials of the Office of the Accountant-General of the Federation (OAGF), Akimbo Shola and Adamu Balongu, as well as a Deputy Superintendent of Police involved in the investigation.