CAC extends deadline for PoS registration by 60 days

The Corporate Affairs Commission (CAC) has extended the deadline for registration of all Point of Sale Operators by additional sixty days to accommodate others who were not able to register due to technical glitches. Daily Trust reports that the commission had earlier given a deadline of 7th July 2024. However, in a post signed by […]

The Corporate Affairs Commission (CAC) has extended the deadline for registration of all Point of Sale Operators by additional sixty days to accommodate others who were not able to register due to technical glitches.

Daily Trust reports that the commission had earlier given a deadline of 7th July 2024.

However, in a post signed by Management on its X handle on Sunday, it stated that the deadline had been extended by two months.

“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,”

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It, however, affirmed 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,”