Categories: News

CAC Extends Deadline For PoS Operators’ Registration

The Corporate Affairs Commission (CAC) has announced the extension of the deadline for registration of all Point of Sale Operators (PoS) by an additional sixty days.

According to the Commission, the extension period which begins from 7th July 2024 to 5th September 2024, is to allow operators, especially those in remote areas who might have encountered network glitches to register.

OSUN DEFENDER reports that the Commission had earlier in May 2024, given a deadline of 7th July 2024.

But in a statement posted on its X handle on Sunday, it noted that the registration will now end in September.

READ: ‘Hunger Pushed Me’, Woman Caught With Cache Of Bullets In Katsina Reveals

“The Corporate Affairs Commission wishes to notify Fintech Operators also known as Point of Sales (POS) Operators that the initial deadline of 7th July, 2024 given for the registration of sole Agents, Super Agents and Agents has been extended for a period of sixty days beginning from 7th July, 2024 to the 5th September 2024.

“This is to give sufficient time to Operators particularly those in remote areas who might have encountered network challenges to so register and continue with their businesses,”

The Commission, however, warned that “Operators who fail or refuse to register at the end of the extended deadline run the risk of losing such businesses and prosecution for aiding and abetting criminal activities.”

Speaking earlier in May, the Registrar-General/Chief Executive Officer (CAC) Hussaini Magaji (SAN), said timeline to register their agents, merchants, and individuals with the commission, was “in line with legal requirements and the directives of the Central Bank of Nigeria”.

He stressed that the action was equally backed by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020, and the 2013 CBN guidelines on agent banking.

Recent Posts

Harsh Economy: Nigerians React As President Tinubu Spotted With Over 60-Vehicle Convoy In Lagos

In a video making waves on social media platforms, Nigerians have reacted with mixed feelings…

6 hours ago

Man Arrested For Insulting President Tinubu, Sanwo-Olu, IGP

A popular Nigerian TikToker identified simply as Seaking has been arrested by operatives of the…

12 hours ago

The Longest Prison Sentences Ever Served

Throughout history, some individuals have endured extraordinarily long prison sentences, with their stories reflecting the…

13 hours ago

Families Call For Help As DSS Arrests Lovers In Osun Community

There is growing tension in Modakeke, Osun State, following the alleged arrest of two lovers,…

17 hours ago

Ibadan Stampede: I Regret Not Heeding Spiritual Warning – Woman Who Lost Two Kids

A victim of the stampede that occurred in Ibadan, Oyo State capital, which has claimed…

17 hours ago

Trending Stories In Osun Today

The vibrant Osun State is no stranger to captivating events and headlines that draw attention…

17 hours ago

This website uses cookies.