Point-of-Sale (PoS) agents in Nigeria now have less than two months to register their businesses with the Corporate Affairs Commission (CAC).
Recall that in May 2024, Nigeria’s government directed all point-of-sale (PoS) operators to register with the Corporate Affairs Commission (CAC) by July 7 to tackle fraud and improve transparency.
The CAC has extended the deadline for PoS agents to register until September 5. This announcement came on Saturday, with a warning that those who miss the new deadline could be prosecuted and risk losing their business.
The reason for the extension? They want to help operators in remote areas who might’ve struggled with network issues during registration. Some operators have been griping about how hard it is to register online, which got Lagos State Governor, Babajide Sanwo-Olu, involved.
He suggested making it easier, like how state tax cards work, so the government can manage infrastructure without making life hard for businesses.
The bottom line: If you’re a PoS operator, get on it before September 5 or risk some serious trouble!
But does this postponement surprise you? Not me. The government has a knack for extending deadlines on registrations. Remember the whole SIM-NIN linkage saga? They pushed that deadline over eight times since the original date back in December 2020. Whether this will be any different, only time will tell.
