The Corporate Affairs Commission (CAC) has issued a strong directive warning that every Point of Sale (POS) operator in Nigeria must obtain proper registration with the commission or risk shutdown beginning 1 January 2026.
In a notice released on Friday and endorsed by the CAC Management, the commission cautioned that any POS machines operating without registration will be confiscated and operators will be closed down by security agencies nationwide.
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 regularize immediately. Compliance is mandatory.”
