By John Obi
The Corporate Affairs Commission (CAC) has announced the extension of the deadline for registration of all Point of Sale Operators (PoS) by sixty days.
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., the commission said on its X handle on Sunday.
It noted that the registration will now end in September.
“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 CAC 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.”
The Commission had in May explained that, the registration of PoS agents, merchants, and individuals with the commission, was “in line with legal requirements and the directives of the Central Bank of Nigeria”.
The Registrar – General / Chief Executive Officer of the Commission,Hussaini Magaji ( SAN) said that the action was backed by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020, and the 2013 CBN guidelines on agent banking.
