CBN's July 7th Deadline Looms: CAC Opens Dedicated Hub for Bulk PoS Registration

The deadline for CBN is July 7. CAC has established a center for bulk registration of PoS

The Corporate Affairs Commission (CAC) has established an additional registration site in Abuja in an effort to license the operations of numerous Point of Sale (PoS) Operators before to the Central Bank of Nigeria's (CBN) July 7 deadline.

It is crucial to register PoS operators in the commission's database, according to Hussaini Magaji, the Registrar-General of the CAC, who spoke during the Center's opening.

He stated the center was fully furnished with everything needed to run around the clock and guarantee the commission's goal was accomplished.

“Once they supply the necessary details for registration on their platform, the certificate is generally generated and transmitted directly to their platform without them having to contact anyone.

“We have done this to ensure that everyone gets it easy without hitches, but if they choose to apply manually, we have a secretariat open for them to do so.”

He said that any fintech operators that voluntarily submitted their agents and merchants for regularization with the CAC would be able to access the center.

“If an incident happens and they report it to CAC, if we do not have the operator's details, we cannot respond, and that is the essence of this registration.

“The registration ensures that every detail of the person is provided, including NIN, passport photograph and all other useful documents.

“And it is an opportunity for more people to be captured into the formal sector” the Registrar stated.

Remember that on July 7, 2024, the CBN issued a directive for the PoS to be legalized and operationalized across the nation.