CAC Launches Dedicated Centre for POS Operator Registration

By Yusuf Olukokun

Registrar General, Corporate Affairs Commission, Hussaini Ishaq Magaji has fully commissioned a centre dedicated mainly for the registration of POS operators at the Commission’s FCT, Zone 5 office.

Due to the directives from Central Bank of Nigeria, CBN, that all POS operators must be fully registered with the Commission, Hussaini Magaji, Registrar General of CAC has then seen to the commissioning of a centre in order to make the registration a seemless one.

Speaking at the event, Hussaini Magaji said the centre is fully equipped with sophisticated technology needed for the processes of registration with the Commission.

The Registrar General explained further that the centre would also see to the fastest facilitation of all requests for operators in the fintech industry, who have voluntarily submitted their agents and merchants for registration with the CAC.

He reiterated his clear commitment to strictly ensure the compliance with the provisions of Section 863(1) of the Companies and Allied Matters, CAMA 2020, and the CBN guidelines meant for Agent Banking, 2013.

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