A report from Premium Times reveals that a man named Adeyemi, posing as the head of a fictitious agency, successfully deceived federal officials into granting him access to Central Bank of Nigeria (CBN) accounts and office space. This was achieved through the use of letters attributed to him, which led to the Office of the Secretary to the Government of the Federation (OSGF) and the Office of the Accountant General of the Federation (OAGF) processing his requests.

Human rights lawyer Inibehe Effiong has questioned the legitimacy of a so-called 'ghost agency' linked to Femi Gbajabiamila, the Chief of Staff to the president, which allegedly operated an account with the Central Bank of Nigeria and secured office space at the Federal Secretariat. Effiong expressed his concerns during a guest appearance on Saturday, labeling the situation as 'ridiculous' and 'preposterous'.

The Presidency has cleared Femi Gbajabiamila, the Chief of Staff to the President, of allegations regarding a purported forged appointment into a non-existent federal agency. This announcement was made in a statement by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, who dismissed the claims surrounding the matter.

The Federal Government of Nigeria has denied allegations of spending ₦8 trillion outside the 2026 budget, asserting that a report from the International Monetary Fund (IMF) was misrepresented. Finance Minister Taiwo Oyedele provided clarification on the matter.

Nigeria's Federal Government on Monday set up a high-powered inter-agency committee to harmonise macroeconomic assumptions underpinning national budgeting and economic planning, according to Vanguard. The move aims to eliminate conflicting economic projections produced by Ministries, Departments and Agencies, creating a unified basis for fiscal planning across government bodies.

The controversy surrounding a purported "fake" federal government agency is causing challenges for President Bola Tinubu's administration, according to ThisDay Live. The situation has prompted calls for full transparency and a thorough investigation into the matter, which is deemed detrimental to the country's collective interests.