The Senate on Thursday urged President Bola Tinubu to remove the Registrar-General of the Corporate Affairs Commission, Hussaini Magaji, over what lawmakers described as a persistent refusal to appear before its Committee on Finance.
The resolution followed a motion raised by Senator Orji Uzor Kalu during a session where members of the President’s economic team were present for engagement with the committee.
Tension rose at the commencement of the meeting when agency heads were introduced and senators observed the absence of the CAC Registrar-General, who had been invited to account for the commission’s activities, particularly on revenue matters.
Moving the motion, Kalu expressed anger over what he termed repeated disregard for legislative oversight, accusing the CAC boss of consistently avoiding invitations to appear before the committee.
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He said, “Since I came to the Senate, this CAC man has always given excuses that he is in the Villa or going to London. He is not above the law. This man is not coming to the Senate. Look at the ministers of finance and budget. They are both here. We summoned them and they came.
“But this man thinks he’s bigger than the Senate. We’re not going to take that rubbish again. He had refused on so many occasions to honour our invitation to appear before this committee. We have issues with the reconciliation of the revenue of CAC.
“I move a motion that the man should be reported to Mr President and ask for immediate removal because we cannot continue with him. Is that what we’re doing here? He should come and give us an account of what he had done.”
The Chairman of the Senate Committee on Finance, Senator Sani Musa, corroborated the concerns, pointing to unresolved discrepancies in the reconciliation of the commission’s revenues.
He noted that despite several invitations, the registrar-general had failed to show up to address the issues raised by senators.
“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.
“There are only about three committees that are in the constitution of the Federal Republic of Nigeria and the Committee of Finance is one of those committees. Sections 88, and 89 have given us these powers.
“And as registrar-general, we have issues with the reconciliation of their revenue. Anytime he is invited, he will give us one reason or another, and he will send junior officers to come and talk to the Senate. That cannot be accepted,” he said.
In a further show of frustration, Senator Adams Oshiomhole proposed that the Senate escalate the matter by withholding approval of the CAC’s 2026 budget pending the registrar-general’s personal appearance before the committee.
Oshiomhole also suggested that the commission be restrained from spending its internally generated revenue without prior approval of the national assembly.
“This senate should decline to appropriate anything in the 2026 budget until we are satisfied that he has accounted for previous money and spending properly.
“And should he spend money that is not appropriated, he should be heading to Kuje prison,” Oshiomhole said.
The motion urging the President to remove the CAC Registrar-General was subsequently put to a voice vote and adopted.
The development underscores renewed assertiveness by the Senate in exercising its constitutional oversight functions, particularly over revenue-generating agencies.
The Corporate Affairs Commission, which regulates companies and business registrations in Nigeria, is a key contributor to non-oil revenue, making accountability and transparency central to its operations.