THE CORPORATE AFFAIRS COMMISSION ( CAC ) HAS ISSUED A STERN PUBLIC NOTICE DECLARING THAT ALL POS OPERATORS IN NIGERIA MUST BE DULY REGISTERED WITH THE COMMISSION OR FACE IMMEDIATE SHUTDOWN STARTING FROM 1ST JANUARY 2026 | #RWGBLOG


The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise to end the operations of unregistered Point-of-Sale (PoS) agents across the country. The commission has directed all PoS operators to register with the CAC before January 1, 2026, or face penalties, including seizure of terminals and possible arrest.

According to the CAC, the move is aimed at curbing rising financial risks associated with unregulated agent banking activities in Nigeria. The commission noted that unregistered PoS operators violate the Companies and Allied Matters Act (CAMA) 2020 and the Central Bank of Nigeria's (CBN) Agent Banking Regulations.

The CAC warned that security agencies will enforce nationwide compliance, and fintech companies enabling illegal operations will be placed on a watchlist and reported to the CBN. All operators are advised to regularize immediately, as compliance is mandatory.

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