The Corporate Affairs Commission (CAC) has extended the registration deadline for Point of Sales (PoS) operators from July 7, 2024, to September 5, 2024….CLICK HERE TO CONTINUE READING>>

It added that operators, who refuse to register by the end of the extended deadline, risked losing their businesses, adding that they would face prosecution for aiding and abetting criminal activities.

The commission announced this extension early on July 7, 2024, via its official social media platform, citing network challenges as the reason for the extension.

The commission stated,

“The Corporate Affairs Commission wishes to notify fintech operators, also known as Point of Sales (POS) Operators, that the initial deadline of July 7, 2024, for the registration of sole agents, super agents, and agents has been extended for a period of sixty days, starting from July 7, 2024, to September 5, 2024.

“This extension aims to provide sufficient time for operators, particularly those in remote areas who may have encountered network challenges, to register and continue their businesses.”

TheNGblog had earlier reported that Nigerian banks and fintech companies are set to block accounts of Point of Sale (PoS) operators yet to register their businesses with the Corporate Affairs Commission (CAC) before July 7, 2024.

New telegraph reported that the directive made it mandatory for PoS terminals, whether agents, merchants, or individuals, to register with CAC before the commencement of business.
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