RG CAC Commissions Dedicated Centre For Bulk Registration of PoS Operators

The Corporate Affairs Commission (CAC) has commissioned a Dedicated Centre for Bulk Registration of PoS Operators.

The Registrar-General/CEO, CAC Hussaini Ishaq Magaji, SAN, unveiled the Centre located at the Commission’s FCT Zone 5 Office.

Speaking shortly after cutting the tape to formally flag off activities at the centre, Ishaq Magaji revealed that it is fully equipped with state-of-the art equipment needed to handle the project.

He said it was also equipped with adequate personnel to handle applications in record time and 24 hours a day.

The Registrar General stressed that the centre was to facilitate all requests from operators in the fintech industry that voluntarily submitted their agents and merchants for regularisation with the CAC.

He therefore restated his resolve to ensure compliance with the provisions of Section 863(1) of the Companies and Allied Matters, CAMA 2020, and the CBN guidelines for Agent Banking, 2013.


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Magaji added that the commitment was also in line with President Bola Ahmed Tinubu’s desire to ensure financial inclusion for the youth as well as strengthen the fight against fraud, financial and other crimes in the country.

SA, to the President on ICT development and innovation, Tokoni Igoin Peter, and Dr Salihu Dasuki
SA to the President on ICT Policy Office of the Vice President were among dignitaries who graced the event.

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