CAC opens center for registration of PoS operators

The Corporate Affairs Commission launched a mass registration center for Point of Sale operators in its database.

This was stated by the Secretary-General of CAC, Hussaini Magaji, during the inauguration of the center stationed at the Federal Capital Territory office in Abuja on Wednesday.

According to Magaji, the importance of registering PoS operators in the commission’s database cannot be overemphasized.

He said the center was well equipped with all necessary facilities to function round the clock and ensure the commission fulfilled its purpose.

“What we did was respond to the request of the Fintechs.

“We have allowed them to join the Corporate Affairs Commission; They have developed their structure and we gave them access.

“Once they provide the necessary details for registration on their platform, the certificate is usually generated and transmitted directly to their platform without them having to contact anyone.

“We have done this to ensure that it is easy and hassle-free for everyone, but if they choose to apply manually, we have an open secretariat for them to do so,” he said.

PUNCH Online reported that the Federal Government, through the CAC, issued this Tuesday a two-month registration period for Point of Sale companies, to register their agents, merchants and individuals with the commission in accordance with legal requirements. and the directives of the Central Bank of Nigeria.

Meanwhile, at the event, the Registrar General reiterated that the center would be open to all fintech industry operators who voluntarily submit their agents and traders for regularization before the CAC.

Magaji said the registration was in line with President Bola Tinubu’s desire to ensure financial inclusion of the youth and strengthen the fight against fraud, finance and other crimes in the country.

It further expressed its determination to ensure compliance with the provisions of Section 863 (1) of the Companies and Allied Matters Act, CAMA 2020, and the CBN guidelines for Agent Banking, 2013.

On security, the CAC chief said that if a crime were committed using PoS, the government would easily trace the perpetrators to the CAC data platform if such machines were registered.

“If an incident occurs and it is reported to the CAC, if we do not have the operator’s data, we cannot respond, and that is the essence of this registry.

“Registration ensures that all details of the person are provided, including NIN, passport photograph and all other useful documents.

“And it is an opportunity for more people to be captured in the formal sector,” he said.

The News Agency of Nigeria reports that the Special Adviser to the President on ICT Development and Innovation, Tokoni Peter, attended the event.

The event was attended by Dr. Salihu Dasuki, Special Adviser to the President at the Office of ICT Policy, point of sale operators and other stakeholders.

(YAYA)