CAC Moves Against Illegal PoS Operators, Sets Jan. 1 Compliance Deadline
- The Corporate Affairs Commission has announced an enforcement exercise to end unregistered Point-of-Sale operations, with a compliance deadline of January 1, 2026.
- The CAC stated that unregistered PoS operations violate the Companies and Allied Matters Act 2020 and Central Bank of Nigeria regulations.
- The CAC warned that unregistered PoS terminals will be seized, and some fintech companies enabling these operations will be reported to the CBN.
- The CAC emphasized the need for regulatory compliance to protect users and investments in Nigeria's financial system.
12 Articles
12 Articles
CAC moves against illegal PoS operators, sets Jan. 1 compliance deadline
The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise to end the operations of unregistered Point-of-Sale (PoS) agents across the country.
CAC To Ban Unregistered PoS Operators From Jan 1
The Corporate Affairs Commission (CAC) has directed all Point-of-Sale operators (PoS) across the country to complete their registration before 1 January 2026, warning that unregistered operators will be barred from conducting business thereafter. In a public notice on Saturday, the Commission said it had observed a surge in unregistered PoS operators across the country. The Commission stressed that operating an unregistered PoS business violates…
PoS Operators Fault CAC Directive, Insist CBN’s Agent Banking Regulation Allows Individuals To Operate Without CAC Registration
Point-of-Sale operators have faulted the Corporate Affairs Commission’s plan to begin enforcing compulsory registration of all PoS agents from January 1, 2026, stating that the commission lacks the legal authority to compel individuals to register. The agents insisted that the CAC’s directive has no constitutional backing and contradicts existing regulations guiding agent banking in the country. In a public notice on Saturday, the CAC directed a…
Register or Shut Down - CAC Gives POS Agents Deadline of Jan. 1, 2026 — Akelicious
The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise to end the operations of unregistered Point-of-Sale (PoS) agents across the country. The CAC,in a statement signed by its management, directed all operators to regularise their businesses before January 1, 2026. The commission said the directive became necessary following the rising number of PoS operators conducting business without registration. According to…
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