Advertisement

Advertisement

Senate panel asks Tinubu to remove CAC registrar-general

Wale WhalesNews2 days ago

Advertisement

The Senate Committee on Finance has asked President Bola Tinubu to remove Hussaini Magaji, registrar-general of the Corporate Affairs Commission (CAC), over his alleged refusal to honour repeated invitations from lawmakers.

The resolution was reached on Thursday during a budget defence session at the National Assembly, where members of the committee expressed frustration over what they described as persistent non-compliance with legislative summons.

Senator Orji Uzor Kalu (Abia North) moved a motion calling for Magaji’s arrest and immediate removal, arguing that failure to appear before the Senate committee undermines accountability and weakens the authority of the legislature.

“This man is not coming to the senate; he’s not above the law,” Kalu said during deliberations. “We summoned ministers, and they came. And this man thinks he’s bigger than the Senate? We’re not going to take that again.”

Kalu insisted that the registrar-general must appear in person to account for the commission’s financial activities, adding that excuses about official engagements were no longer acceptable.

ALSO READ:  Reps Members Got N7.6 Million Each as ‘Sallah Gesture,’ Not Bribe for Tinubu’s Emergency Rule in Rivers – Betara

Committee threatens budget sanctions

Chairman of the committee, Senator Sani Musa (Niger East), accused Magaji of repeatedly ignoring invitations to clarify issues surrounding the reconciliation of the commission’s revenue.

“The registrar-general of the Corporate Affairs Commission has refused, on so many occasions, to honour the calls, invitations or summons of this most important committee,” Musa said, citing sections 88 and 89 of the 1999 Constitution, which empower the National Assembly to conduct oversight and investigations.

According to Musa, the CAC boss often delegates junior officers to represent him before the panel, a move the committee considers unacceptable.

Backing the motion, Senator Adams Oshiomhole (Edo North) proposed withholding the commission’s 2026 budget allocation until the registrar-general appears before the panel to provide a detailed account of previous expenditures.

CAC’s PoS Registration Order Sparks Industry Rift as 2026 Deadline Looms

Oshiomhole further suggested that the CAC be restrained from spending its internally generated revenue without prior approval from the National Assembly. He warned that any unauthorised spending could attract serious consequences.

ALSO READ:  House of Representatives Probes Telcos Over Unauthorized NIN-SIM Linkage

“This senate should decline to appropriate anything in the 2026 budget until we are satisfied that he has properly accounted for previous spending,” he said.

The committee subsequently endorsed the proposal to restrict the CAC’s access to its internally generated funds pending compliance. The resolution urging the president to remove the registrar-general was adopted through a voice vote.

As of press time, neither Magaji nor the CAC had issued an official response to the senate’s decision.

0 Votes: 0 Upvotes, 0 Downvotes (0 Points)

Advertisement

Leave a reply

Our platform covers everything from global events and politics to entertainment, technology, and lifestyle, ensuring you never miss a story.

Newsletter

Stay Informed With the Latest & Most Important News

Advertisement

Loading Next Post...
Follow
Search Trending
Popular Now
Loading

Signing-in 3 seconds...

Signing-up 3 seconds...

Cart
Cart updating

ShopYour cart is currently is empty. You could visit our shop and start shopping.

Discover more from RainSMedia360

Subscribe now to keep reading and get access to the full archive.

Continue reading