Abuja, February 10, 2026 – In a shocking revelation, the Nigerian Ministry of Police Affairs reportedly paid N2.6 billion in April 2025 for the production of ballistic vests to Marhunnas Nigeria Limited, a company officially delisted by the Corporate Affairs Commission (CAC).
SaharaReporters’ review of the Govspend public payments portal shows that the Ministry proceeded with the massive payment despite CAC records confirming that Marhunnas Nigeria Limited had been struck off for failing to file annual returns for ten consecutive years.
According to the CAC, struck-off companies are no longer legally recognized to conduct business. The commission clarified in November 2024 that any entity failing to update its annual returns within the stipulated timeframe would be deemed dissolved under Section 692(4) of the Companies and Allied Matters Act (CAMA) 2020.
“The Commission under its powers granted in Section 692(4) of CAMA has stricken off the names of companies that have failed or refused to update annual returns,” the CAC stated.
Despite this, Marhunnas Nigeria Limited, which reportedly had only three employees and contributed just N116,640 to the National Pension Scheme in 2024, still secured the multi-billion-naira contract.
This payment adds to a growing list of controversial expenditures under Inspector General of Police Kayode Egbetokun. In 2025 alone, the Nigerian Police reportedly spent N104.9 million on ACP-IGP branded berets and millions more on IGP-customized towels distributed across commands and formations.
The revelation raises serious questions about due diligence, accountability, and public fund management within Nigeria’s security sector.
SUNTV Global will continue to monitor this developing story and bring updates as more details emerge.
