CAC unveils dedicated centre for registration of PoS operators

The Corporate Affairs Commission (CAC) today commissioned a Dedicated Centre for Bulk Registration of PoS Operators.

The Registrar-General/CEO, CAC Hussaini Ishaq Magaji, SAN, unveiled the Centre located at the Commission’s FCT Zone 5 Office.

Speaking shortly after cutting the tape to formally flag off activities at the centre, Ishaq Magaji revealed that it is fully equipped with state-of-the art equipment needed to handle the project.

He further explained that it was also equipped with adequate personnel to handle applications in record time and 24 hours a day.

The Registrar General stressed that the centre was to facilitate all requests from operators in the fintech industry that voluntarily submitted their agents and merchants for regularisation with the CAC.

He therefore restated his resolve to ensure compliance with the provisions of Section 863(1) of the Companies and Allied Matters, CAMA 2020, and the CBN guidelines for Agent Banking, 2013.

Magaji added that the commitment was also in line with President Bola Ahmed Tinubu’s desire to ensure financial inclusion for the youth as well as strengthen the fight against fraud, financial and other crimes in the country.