February 27, 2026 — News | SUNTV Global Channel
Fresh allegations have emerged against the Registrar-General of the Corporate Affairs Commission (CAC), Ishaq Hussaini Magaji, over claims that federal contract kickbacks were allegedly routed through companies linked to his brother-in-law.
An investigation by SaharaReporters, based on official documents and financial records, indicates that two businesses owned by Ali Mubarak Abba — said to be related to Magaji’s wife — allegedly received funds traced to a contractor paid by the CAC.
Records show that Star of Stars Integrated Services was registered on September 20, 2023, less than a month before Magaji assumed office as CAC Registrar-General on October 13, 2023. The firm listed Abba as its sole proprietor.
Investigators also found that Abba registered another company, Sparkle of Sparklers Enterprise, on October 3, 2024, which sources claim became an additional channel for alleged financial flows connected to contracts awarded under the current CAC leadership.
According to documents reviewed, a media consultancy contract valued at over ₦29 million was awarded by the CAC to Black Root Media Network Ltd.
Payment records show:
- Beneficiary: Black Root Media Network Ltd
- Bank: Providus Bank Plc
- Amount: ₦29,060,189.89
- Payment Date: August 7, 2024
Sources allege that shortly after the payment, ₦10.2 million was transferred from the contractor to accounts belonging to Abba’s companies.
The breakdown includes:
- ₦5 million transferred to Star of Stars Integrated Services on August 9, 2024
- ₦5 million transferred to Sparkle of Sparklers Enterprise on May 31, 2024
- ₦200,000 later deposited into the Sparkle account by the proprietor
Insiders claim the pattern suggested movement of public funds through private entities linked to a family member.
Sources further alleged that after scrutiny intensified, the Star of Stars bank account was closed and its Bank Verification Number (BVN) removed to obscure financial traces.
One insider claimed the companies were used as conduits to receive gratification tied to contract approvals, describing the transfers as “kickbacks routed through a family-linked network.”
The sources also alleged that one of the businesses remained active as of late 2025.
When contacted, Magaji strongly denied any connection to the companies or the individuals involved.
He stated:
“These are not facts; they are not true. Nothing is linked to me. I don’t know the person or the companies mentioned.”
He questioned the basis of the claims and insisted there was no evidence connecting him to the alleged financial transactions.
The allegations have raised fresh concerns about transparency, conflict of interest, and oversight in federal contract awards. As of press time, no official statement had been issued by the CAC regarding the claims.
