Operators of Some Points of Sale in the Federal Capital have faulted the new directive of the Corporate Affairs Commission, CAC, for them to register with the Commission. The PoS operators vowed to increase service charges following the development. DAILY POST reports that the CAC issued a two-month registration deadline on Monday for PoS operators […]
CAC directs POS operators to register businesses
Nigerian govt orders all PoS operators to register with CAC, reveals deadline
The Nigerian government has ordered all point-of-sale operators in the country to register their businesses with the Corporate Affairs Commission in two months, which aligns with the Central Bank of Nigeria’s requirements. According to a recent statement from CAC, the decision was reached on Monday after a meeting between Fintechs and the Registrar-General CAC, Hussaini […]
Alleged illegal, illicit transactions: Police ban POS in stations, vow to sanction violators
The Nigeria Police Force have banned the use of Point Of Sales, POS machines and other electronic mobile money transaction devices from all stations and other police facilities nationwide. A statement issued on Monday by the Force Spokesman, Olumuyiwa Adejobi said the decision followed public outcry on alleged illegal and illicit transactions through POS within […]
Two POS operators in court for allegedly stealing over N2m
Two men, Marcus Olaitan and Ajibade Adeolu, were on Monday arraigned before an Ikeja Chief Magistrate’s Court for allegedly stealing over N2 million from a First bank Automated Teller Machine (ATM). Olaitan, 43, and Adeolu, 30, both POS operators who reside in Ketu, Lagos, are being tried for conspiracy and stealing. The prosecutor, ASP Raji […]