Monday, May 20, 2024

CAC directs POS operators to register businesses


The Company Affairs Fee on Monday mandated all Level of Gross sales (PoS) brokers of main monetary know-how firms in Nigeria to register their companies.

The Registrar-Basic of the CAC, Hussaini Magaji, disclosed this in a press release launched by the fee, stating that it was agreed upon with the PoS operators throughout a gathering in Abuja.

He emphasised that the registration course of aligns with each authorized necessities and the directives of the Central Financial institution of Nigeria (CBN).

Mr Magaji clarified that the registration timeline was not meant to focus on particular teams or people however was genuinely geared toward safeguarding companies.

“Hussaini Magaji, subsequently, mentioned that the timeline for the registration, which can expire on July 7, 2024, was not focused at any teams or people however genuinely geared toward offering safety for companies,” the assertion mentioned.

In line with him, the motion is supported by Part 863, Subsection 1 of the Corporations and Allied Issues Act, CAMA 2020, and the 2013 CBN pointers on agent banking.

READ ALSO: CBN directs banks to cost 0.5% cybersecurity levy on transactions

Tokoni Peter, the particular adviser to President Bola Tinubu on ICT improvement and innovation, expressed willingness to facilitate the method easily in alignment with the Renewed Hope Initiative of the present administration.

Article Web page with Monetary Assist Promotion

Assist PREMIUM TIMES’ journalism of integrity and credibility

At Premium Instances, we firmly imagine within the significance of high-quality journalism. Recognizing that not everybody can afford expensive information subscriptions, we’re devoted to delivering meticulously researched, fact-checked information that continues to be freely accessible to all.

Whether or not you flip to Premium Instances for every day updates, in-depth investigations into urgent nationwide points, or entertaining trending tales, we worth your readership.

It’s important to acknowledge that information manufacturing incurs bills, and we take delight in by no means inserting our tales behind a prohibitive paywall.

Would you think about supporting us with a modest contribution on a month-to-month foundation to assist preserve our dedication to free, accessible information? 

The assertion additionally highlighted that a number of audio system from the fintech trade vowed to cooperate with the fee to make sure the directive’s seamless implementation.

TEXT AD: Name Willie – +2348098788999

Read more

Local News