POS registration will prevent kidnappings, criminality
The Registrar-General (RG), Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, yesterday said Fintech Nigeria machines, popularly known as POS, are expected to be registered with the commission to track criminals who use the machines to extort money from their victims.
The registration is to enable the government track kidnappers, criminals and bus thieves, also known as ‘One Chance’.
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The RG stated this this during the launch of CAC registration agents and merchants of Fintechs in Abuja, stating that the commission is training its staff members to work 24 hours to meet their demands.
Magaji said: “This training is to equip the trainers to work round the clock, not just office hours, which means they can work from home, since they have all the facilities they need. The registration for POS operators is still ongoing. It will close by July 7, 2024. No matter what business you operate in Nigeria today, you are under the law of Nigeria to ensure your business is registered with the CAC.
Source: The Nation
