The Corporate Affairs Commission (CAC) has extended the registration deadline for all Point of Sale (PoS) operators by an additional 60 days. The initial deadline was set for July 7, 2024, but the extension aims to accommodate those who faced technical issues.
In a statement posted on the CAC’s official X handle, the management announced, “The Corporate Affairs Commission wishes to notify Fintech Operators, also known as Point of Sales (POS) Operators, that the initial deadline of 7th July, 2024, given for the registration of sole Agents, Super Agents, and Agents has been extended for a period of sixty days, beginning from 7th July, 2024, to 5th September, 2024.”
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The extension is intended to give operators, especially those in remote areas who might have encountered network challenges, more time to register and continue their business operations.
“This is to give sufficient time to operators, particularly those in remote areas, who might have encountered network challenges to register and continue with their businesses,” the statement added.
The CAC also warned that operators who do not register by the new deadline risk losing their businesses and facing prosecution.
“Operators who fail or refuse to register at the end of the extended deadline run the risk of losing such businesses and prosecution for aiding and abetting criminal activities,” the statement affirmed.