The development followed the inaugural meeting of the LIFC National Steering Committee in Abuja on Wednesday, September 2, 2026, where the Federal Government affirmed President Bola Ahmed Tinubu’s endorsement of the project as a strategic national economic priority.
Adeyemi was arraigned before Justice Mohammed Garba Umar by the Federal Government through the police following allegations that he falsely presented himself as the Director-General of the purported council and used forged documents to give the organisation an appearance of official government backing.