Index to Nigerian Newspapers

CAC registration: Police to go after illegal PoS operators 9th May 2024

The Federal Government in Nigeria has announced a mandatory registration of Point-of-Sales operators to reduce kidnapping and assist security agencies in arresting ransom payments. The registration process aligns with legal requirements and Central Bank of Nigeria directives, aiming to safeguard businesses and strengthen the economy. The deadline for registration is 60 days and ends on July 7th. The benefits of registration include access to loans, legality, and compliance with regulatory requirements. However, PoS agents have criticized the move, arguing it would place more burden on operators, especially in rural areas.

Ogundeji Josephine & Aina Damilola | Security/Finance | Punch Newspaper | Thursday, May 09, 2024