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PFIPC bank accounts existed but never moved a kobo , so who was running this agency and for what purpose?

C

4 months ago

The CBN confirmed to the House that two foreign currency accounts were opened for the Presidential Foreign Investment Promotion Council after a formal request from the Accountant-General's office, but the council never provided authorised signatories, so the accounts sat empty with no deposits or transactions. This raises a bigger question: if the accounts were never active, where was the supposed fraud, and why are we only now hearing about an agency that operated without a valid legal framework? Is this a case of bureaucratic incompetence or a deliberate setup to shield someone?
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