The Corporate Affairs Commission (CAC) has issued a stern warning to all Point of Sale (PoS) operators in Nigeria, indicating that those not registered with the CAC will be shut down starting January 1, 2026.
In a public announcement made today, the commission highlighted that many PoS agents are operating unlawfully and breaching the Companies and Allied Matters Act, 2020, as well as the Central Bank of Nigeria’s (CBN) agent banking regulations.
The CAC expressed concern that this escalating issue, often backed by certain fintech companies, jeopardizes Nigeria’s financial system and the safety of people’s funds.
The notice specified that the new directive will come into effect on January 1, 2026, and from that date, no PoS operator will be permitted to operate without valid CAC registration.
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Security agencies nationwide have been instructed to ensure compliance.
Additionally, the commission stated that any PoS terminal belonging to an unregistered operator will be confiscated or shut down.
Fintech companies that facilitate or support unregistered PoS agents will be monitored and reported to the CBN.
The CAC urged all operators to complete their registration promptly, emphasizing that compliance is mandatory for everyone in the industry.
