By Desire Emmanuel
The Corporate Affairs Commission (CAC) on Saturday, December 6, issued a public notice declaring that all Point of Sale (POS) operators in Nigeria must be duly registered with the commission or face immediate shutdown starting from January 1, 2026.
In the public notice released and signed by the Management of the CAC, the commission warned that unregistered POS terminals will be seized and operators shut down by security agencies across the country.
The statement reads: “The CAC has observed the rising number of POS operators running without registration, violating CAMA 2020 and CBN Agent Banking Regulations.
“This reckless practice often enabled by some fintech companies puts Nigeria’s financial system and citizens’ investments at risk. This must stop.
“Effective 1 January, 2026, no PoS operator will be allowed to operate without CAC registration. Security agencies will enforce nationwide compliance.
“Unregistered PoS terminals will be seized or shut down by security officials. Fintechs enabling illegal operations will be placed on watchlist and reported to the CBN.
“All operators are advised to regularise immediately. Compliance is mandatory.”
