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<p>By Yusuf Danjuma Yunusa</p><div class="MJ3ydVtA" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>The Corporate Affairs Commission (CAC) has mandated all Point-of-Sale (PoS) operators nationwide to register with the Commission by 1 January 2026, announcing that any unregistered operator will be prohibited from conducting business after that date.</p>
<p>In a public notice issued on Saturday, the CAC cited a significant increase in the number of unregistered PoS businesses across the country.</p>
<p>The Commission emphasized that operating an unregistered PoS enterprise is a violation of both the Companies and Allied Matters Act 2020 and the Central Bank of Nigeria’s Agent Banking Regulations.</p>
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<p>The CAC also faulted some fintech firms for onboarding unregistered agents, describing the practice as reckless and harmful to the stability of Nigeria’s financial system.</p>
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<p>It warned that the trend exposes millions of Nigerians, including small business owners and rural users, to economic and investment risks.</p>
<p>“Fintechs enabling illegal operations will be placed on the watchlist and reported to the CBN. All operators are advised to regularise immediately. Compliance is mandatory</p>
<p>“Beginning from 1st January 2026, no PoS operator will be allowed to conduct business in Nigeria without completing full registration,” the CAC said</p>
<p>Nigerian Tracker News gathered that this is not the first time the call regarding enforced regulatory monitoring of the PoS has been made.</p>
<p>There have been several calls on the Central Bank of Nigeria (CBN) to take urgent steps toward curbing worsening cases of fraud affecting PoS businesses across the nation.</p>
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