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CAC Extends Deadline For PoS Registration

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THE Corporate Affairs Commission (CAC) has extended the registration deadline for all Point of Sale Operators (POS) by an extra sixty days to make room for those who couldn’t register because of technical issues.

Trojan News reports that the commission had previously set a registration deadline of July 7, 2024.

Nonetheless, in a message posted by the commission’s management on its X handle on a Sunday, it announced that the registration deadline had been extended by two months.

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“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 commission’s statement reads.

The commission has confirmed that Operators who do not register by the extended deadline may face the consequences of losing their businesses and being prosecuted for assisting criminal activities.

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