The Senate has urged President Bola Tinubu to remove the Registrar-General of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji (SAN), over his alleged refusal to appear before lawmakers to account for the agency’s finances.
The resolution followed a session of the Senate Committee on Finance held in Abuja on Thursday, during which members accused the CAC chief of repeatedly ignoring invitations to clarify discrepancies in the commission’s revenue records.
Chairman of the committee, Senator Sani Musa, expressed dissatisfaction with what he described as Magaji’s persistent failure to honour summons issued by the panel.
“We have issues with the reconciliation of the revenue of CAC,” Musa said. “Each time we invite him, he gives us excuses. He has refused on so many occasions to honour our invitation to appear before this committee.”
The committee, citing its oversight responsibility, resolved to formally request presidential intervention, insisting that accountability and transparency in revenue-generating agencies must be upheld.
A member of the committee, Senator Orji Uzor Kalu, first raised the matter during deliberations, urging the committee to recommend Magaji’s removal from office to President Bola Tinubu.
According to Kalu, the alleged pattern of non-compliance amounted to disrespect for the Senate and undermined the oversight responsibilities of the National Assembly.
Another committee member, Senator Adams Oshiomhole, recommended that the Senate withhold approval of any budgetary allocation to the CAC in the 2026 Appropriation Act until the Registrar General personally appears before the committee.
Oshiomhole further suggested that the commission be barred from spending its Internally Generated Revenue (IGR) without obtaining prior approval from the National Assembly.
The committee endorsed the proposal, signalling a possible tightening of legislative scrutiny over the agency’s finances.
Lawmakers indicated that their primary concern revolves around unresolved questions relating to the CAC’s revenue profile and financial reconciliation.
