How To Register As A POS Operator With CAC

The Corporate Affairs Commission (CAC) had, on Wednesday, 8^th May 2024, through its Registrar-General, Hussaini Magaji (SAN), mandated all persons involved in the Point Of Sales (POS) business operations to be registered with the CAC.

According to the Commission in a letter to all affected banks, the Registrar-General stated that the instruction was in line with the CBN Guidelines for Agent Banking, 2013, and Section 863(1) of the Companies and Allied Matters Act (CAMA), 2020, which provides thus;

"A person or association of persons shall not carry on business in Nigeria as a Company, Limited Liability Partnership, Limited Partnership or under a Business Name, without being registered under this Act".