- CAC To Shut Down Unregistered PoS Operators in January.
- Full registration becomes compulsory for all PoS agents by January 2026.
- Fintech firms aiding violations risk sanctions and CBN reporting.
The Corporate Affairs Commission has issued a firm warning to Point-of-Sale operators across the country, announcing a nationwide enforcement campaign against any PoS business running without proper registration.
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EKO HOT BLOG reports that in a statement released on Saturday through its Instagram page, the Commission said it had detected a rising number of operators conducting business without meeting registration requirements.
The Commission explained that the trend violates the Companies and Allied Matters Act 2020 and the Central Bank of Nigeria’s Agent Banking Regulations. It also accused several fintech companies of fueling the problem by onboarding unregistered PoS agents, a move it described as reckless and harmful to the financial system.
The CAC warned that unregulated PoS operations expose millions of Nigerians, including traders and rural communities, to financial and investment risks. It added that the situation must be addressed immediately.
The Commission announced that from 1 January 2026, no PoS operator will be allowed to conduct business without full CAC registration. It said security agencies will enforce compliance nationwide, and unregistered PoS terminals will be seized or shut down.
“Effective 1 January 2026, no PoS operator will be allowed to operate without CAC registration. Security agencies will enforce nationwide compliance. Unregistered PoS terminals will be seized or shut down by security officials,” the Commission said.
The CAC also warned fintech companies enabling illegal operations that they would be placed on a watchlist and reported to the Central Bank of Nigeria. It urged all PoS operators to regularise their status immediately, stressing that compliance is mandatory.
