CAC Extends Deadline For PoS Registration

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The Corporate Affairs Commission (CAC) has shifted forward the deadline for registration of all Point of Sale Operators by sixty days.

Earlier, CAC set 7th July 2024 as the registration deadline.

The extension is in order to to accommodate others who were not able to register due to technical glitches.

The development is contained in a statement the commission’s management released via its X handle on Sunday, which reads, “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.

“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.”

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