The Corporate Affairs Commission (CAC) has extended the timeframe for Point of Sales agents, super agents, and sole agents to register their business to September 5, 2024.
This was disclosed by the commission in a statement posted on its official Facebook page on Saturday.
According to the statement, the extension is to give enough time to operators particularly those in rural areas who might have encountered network challenges to register and continue with their businesses.
The statement reads, “The Corporate Affairs Commission wishes to notify Fintech Operators also known as Point of Sales Operators that the initial deadline of 7th July 2024 given for the registration of sole Agents, Super Agents, and Agents has been extended for sixty days beginning from 7th July 2024 to the 5th September 2024.
“This is to give sufficient time to Operators particularly those in remote areas who might have encountered network challenges to so register and continue with their businesses.
“Operators who fail or refuse to register at the end of the extended deadline run the risk of losing such businesses and prosecution for aiding and abetting criminal activities.”
NewsBand reported that two months ago, the commission announced that PoS agents of major fintechs in Nigeria including OPay, Palmpay, and Moniepoint, among others, have been given a deadline of July 7, 2024, to register their business.
Mr Hussaini Magaji, the Registrar-General of the CAC, who announced this said it was the agreement with the PoS operators after a meeting in Abuja.
He also said that the decision is line with the legal requirements and the directives of the Central Bank of Nigeria.
Speaking further, Hussaini added that the action was equally supported by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020 as well as the 2013 CBN guidelines on agent banking.
