Are you a POS operator within the shores of Nigeria?

Oh well, now is the time for you to complete the registration of your business with the Corporate Affairs Commission.

The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to complete registration with the Corporate Affairs Commission (CAC).

This directive is backed by Section 863(1) of the Companies and Allied Matters Act, CAMA 2020, and the 2013 CBN guidelines on agent banking.

Dear POS operator, you really shouldn’t delay on obeying this directive by the CBN.

Compliance is your best bet at any given time as a business owner.

Feel free to send a DM to get on with your compliance journey!

Happy Wednesday!