CAC extends POS registration deadline

The Corporate Affairs Commission (CAC) has extended the registration deadline for fintech operators, commonly known as Point of Sales (POS) operators, from the previous deadline of July 7, 2024, to September 5, 2024.

The commission announced this extension early on July 7, 2024, via its official social media platform, citing network challenges as the reason for the extension.

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The commission stated: ‘The Corporate Affairs Commission wishes to notify Fintech Operators, also known as Point of Sales (POS) Operators, that the initial deadline of July 7, 2024, for the registration of Sole Agents, Super Agents, and Agents has been extended for a period of sixty days, starting from July 7, 2024, to September 5, 2024.

‘This extension aims to provide sufficient time for operators, particularly those in remote areas who may have encountered network challenges, to register and continue their businesses.

‘Operators who fail or refuse to register by the end of the extended deadline risk losing their businesses and facing prosecution for aiding and abetting criminal activities.'”

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