{"id":79717,"date":"2025-12-06T16:20:25","date_gmt":"2025-12-06T16:20:25","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=79717"},"modified":"2025-12-06T16:20:25","modified_gmt":"2025-12-06T16:20:25","slug":"cac-to-clamp-down-on-unregistered-pos-operators-from-january","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/12\/06\/cac-to-clamp-down-on-unregistered-pos-operators-from-january\/","title":{"rendered":"CAC to Clamp Down on Unregistered POS Operators From January"},"content":{"rendered":"<p><strong>By Adenike Lawal<\/strong><\/p>\n<p>The Corporate Affairs Commission (CAC), says it will begin a nationwide clampdown on all unregistered point-of-sale (POS), operators from January 1, 2026, warning that non-compliant terminals will be seized or shut down.<\/p>\n<p>In a statement issued on Saturday, the Commission described the rising number of unregistered POS businesses as a violation of the Companies and Allied Matters Act (CAMA), 2020 and the Central Bank of Nigeria\u2019s agent banking guidelines.<\/p>\n<p>It also disclosed that fintech companies suspected of enabling unlicensed POS activities have been placed under close surveillance.<\/p>\n<p>\u201cThe Commission has observed the growing number of POS operators functioning without proper registration.<\/p>\n<p>&#8220;This reckless practice poses risks to Nigeria\u2019s financial system and threatens citizens\u2019 investments. It must stop,\u201d the statement said.<\/p>\n<p>The CAC reiterated that registration is compulsory and directed all operators to regularise their status immediately.<\/p>\n<p>It added that security agencies will enforce compliance nationwide, while fintechs aiding unlawful operations will be placed on a regulatory watchlist and reported to the CBN.<\/p>\n<p>According to the Commission, the new regime effective January 1 will prohibit unregistered POS operations, enforce nationwide compliance, and sanction any operator or financial technology firm found violating the rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal The Corporate Affairs Commission (CAC), says it will begin a nationwide clampdown on all unregistered point-of-sale (POS), operators from January 1, 2026, warning that non-compliant terminals will be seized or shut down. In a statement issued on Saturday, the Commission described the rising number of unregistered POS businesses as a violation of [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":79718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-79717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=79717"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79717\/revisions"}],"predecessor-version":[{"id":79719,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79717\/revisions\/79719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/79718"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=79717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=79717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=79717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}