By Muhammad Abubakar
The Corporate Affairs Commission (CAC) has issued a public notice announcing a nationwide crackdown on unregistered Point of Sale (PoS) operators, with enforcement set to begin on 1 January 2026.
According to the statement, the Commission observed a rapid rise in PoS agents operating without proper registration—an act that violates the Companies and Allied Matters Act (CAMA) 2020 as well as Central Bank of Nigeria (CBN) Agent Banking Regulations. The CAC described the trend as a reckless practice that exposes Nigeria’s financial system and citizens’ investments to significant risks, allegedly aided by some fintech companies.
From the effective date, no PoS operator will be allowed to run without CAC certification. Security agencies have been directed to ensure full compliance, including seizing or shutting down unregistered PoS terminals. Fintech companies found enabling such illegal operations will be placed on a watchlist and reported to the CBN.
The Commission urged all PoS operators to regularize their business registrations immediately, stressing that compliance is mandatory. The notice was signed by CAC Management on 6 December 2025.