• Wednesday, July 24, 2024
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CAC extends registration deadline for PoS operators to Sept

Bureaucracy vs banking the unbanked: Can Nigeria find a middle ground for PoS operators?

The Corporate Affairs Commission (CAC) has extended deadline for the registration of Point of Sales (PoS) operators to September 5, from July 7.

The CAC revealed this in a circular on Sunday. It said the extension affects sole agents, super agents, and agents.

“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,” it said.

It added that operators who fail or refuse to register at the end of the extended deadline run the risk of losing their businesses and may face prosecution for aiding and abetting criminal activities.