The Corporate Affairs Commission ,CAC, has extended the deadline for registration of all Point of Sale operators by additional sixty days to accommodate those who were not able to register due to technical glitches.
The Commission had earlier set 7th July 2024 as deadline POS registration.
A post by the commission on its X handle on Sunday, stated that the deadline had been extended by two months.
The post reads “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 the 5th September 2024.
“This is to give sufficient time to Operators particularly those in remote areas who might have encountered network challenges to so register and continue with their businesses,”
The Commission warned that operator who failed to register withing the extended time risk losing the the POS “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,”
