THE Senate Committee on Finance has rescinded its earlier resolution recommending the removal of the Registrar-General of the Corporate Affairs Commission (CAC), Hussaini Magaji, by President Bola Tinubu.
News Point Nigeria reports that the committee had, during a session with the Federal Government’s economic team last week, called on President Tinubu to remove the CAC chief over his alleged repeated refusal to appear before it.
However, at another session today, the committee reversed the decision following what members described as genuine remorse shown by Magaji.
A motion for rescission was moved by Senator Jibrin Isa (Kogi East) and seconded by Senator Nasir Daura (Katsina North).
Before the reversal, the Committee Chairman, Sani Musa (APC, Niger East), had reprimanded the CAC registrar for what he described as a persistent failure to honour invitations or send junior officers in his stead.
“This committee is not happy with you for your persistent refusal to appear before it in the past, or for sending junior officers. That is not acceptable,” Musa said.
“The Constitution grants us oversight powers over all revenue-generating agencies. At our last sitting, the committee recommended your removal, but you appeared shortly after our pronouncement. We want an explanation,” he added.
In his response, Magaji tendered an unreserved apology, assuring the lawmakers that the situation would not recur.
He explained that a dedicated liaison office had now been established to strengthen communication between the Commission and the National Assembly.
“Mr Chairman, I sincerely apologise to the committee. I was returning from Lagos and asked my team to inform the committee ahead of time. Unfortunately, I arrived late.
“We have now created a dedicated liaison office to handle interactions with the National Assembly. I assure you this will not happen again. I take full responsibility and hold this committee in high esteem,” the CAC boss said
Apparently satisfied with his explanation, several senators pleaded for leniency.
The committee chairman subsequently put the motion for rescission to a voice vote, which was unanimously adopted.
The CAC is responsible for registering, incorporating, regulating, and maintaining records of companies, limited liability partnerships, business names, limited partnerships,and incorporated trustees in Nigeria.