BREAKING: FG Pronounces New Date To Block PoS Operators {Bank} Accounts


FG has introduced a brand new date to dam PoS Operators {Bank} Accounts in Nigeria who fails to register their companies with CAC.


PoliticalNews Nigeria reviews that the Company Affairs Fee (CAC) has prolonged by 60 days the deadline issued to Level of Gross sales (PoS) operators in Nigeria to register their companies. 


With this, the operators now have till September 5, 2024, to register their companies as towards the preliminary deadline of July 7. The Fee introduced the extension through a press release issued on Saturday. 


The extension comes with a warning that any operator that fails to satisfy the brand new deadline will face prosecution and threat shedding the enterprise. 



The CAC within the assertion saying the extension stated, “The Company Affairs Fee needs to inform Fintech Operators also referred to as Level of Gross sales (POS) Operators that the preliminary deadline of seventh July 2024 given for the registration of sole Brokers, Tremendous Brokers, and Brokers has been prolonged for a interval of sixty days starting from seventh July 2024 to the fifth September 2024. 

“That is to present enough time to Operators notably these in distant areas who may need encountered community challenges to so register and proceed with their companies. 

“Operators who fail or refuse to register on the finish of the prolonged deadline run the chance of shedding such companies and prosecution for aiding and abetting prison actions.” 

Registration problem 

Because the deadline was introduced in Could, a few of the PoS operators have been complaining about difficulties in getting their registration performed on the Fee’s portal. This prompted the Lagos State Governor, Mr. Babajide Sanwo-Olu to attraction to the Fee to simplify the method. 


The Governor appealed to the Fee on Thursday throughout a courtesy name on him by the Registrar-Common of CAC, Mr Hussaini Magaji, at Alausa, Ikeja. 


Sanwo-Olu, who was represented by his Deputy, Dr Obafemi Hamzat, steered that the CAC might undertake a mannequin much like the state tax card, which offered a database for the federal government to handle infrastructure wants with out burdening companies. 


Whereas expressing the state authorities’s willingness to collaborate with the CAC to make sure seamless registration of companies within the state, he emphasised the necessity for extra sensitization to appropriate the notion that registering with the CAC was tough. 

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