The Corporate Affairs Commission (CAC) has directed all Point-of-Sale (PoS) operators in Nigeria to complete registration before 1 January 2026, warning that unregistered operators will be barred from business. The Commission cited a surge in unregistered PoS operators and stressed that operating illegally violates the Companies and Allied Matters Act 2020 and the Central Bank of Nigeria’s Agent Banking Regulations.
The CAC also criticized fintech firms for onboarding unregistered agents, calling it reckless and harmful to financial stability. “Fintechs enabling illegal operations will be placed on the watchlist and reported to the CBN. All operators are advised to regularise immediately. Compliance is mandatory. Beginning from 1st January 2026, no PoS operator will be allowed to conduct business in Nigeria without completing full registration,” it said.
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