Business
Cybersecurity: CBN, CAC orders registration of POS operators before July 7.
In line with legal requirements and the directives of the Central Bank of Nigeria, the Registrar-General/Chief Executive Officer, CAC, Hussaini Magaji (San) and Fintech on Monday has agreed to compel all points of sale (POS) operators to register their businesses with CAC within two months that will expire on July 7.
The CAC boss statement read: “The Corporate Affairs Commission and Fintech companies in Nigeria, better known as PoS operators, have agreed to a two-month timeline to register their agents, merchants, and individuals with the CAC in line with legal requirements and the directives of the Central Bank of Nigeria.
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“The Corporate Affairs Commission and Fintech companies in Nigeria, better known as PoS operators, have agreed to a two-month timeline to register their agents, merchants, and individuals with the CAC in line with legal requirements and the directives of the Central Bank of Nigeria.
“The agreement was reached today during a meeting between Fintechs and the Registrar-General, CAC, Hussaini Ishaq Magaji, in Abuja.”
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