News
CAC registration: Police to go after illegal PoS operators
By Francesca Hangeior
The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims.
It also vowed that security agencies would go after PoS operators who fail to comply with the directive to register with the Corporate Affairs Commission after July 7, 2024.
The Registrar-General, CAC, Hussaini Magaji, disclosed this at the formal launch of the CAC registration of agents and merchants of fintechs on Wednesday in Abuja.
The event also marked the unveiling of a 24-hour service centre to help prospective applicants get a prompt response to enquiries and approvals.
The government had through the commission on Monday issued a two-month registration deadline for PoS operators to register as corporate bodies with the commission in line with the legal requirements and directives of the Central Bank of Nigeria.
The action backed by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020 as well as the 2013 CBN guidelines on agent banking aims to safeguard businesses and strengthen the economy.
It also came against the backdrop of frequent fraud incidents involving PoS terminals and plans to stop trading in cryptocurrency or any virtual currency by the Central Bank of Nigeria.
PoS terminals accounted for 26.37 per cent of fraud incidents in 2023, according to a fraud report by the Nigeria Inter-Bank Settlement System Plc.
Last week, the CBN stopped major fintech firms like Kuda, Opay, PalmPay and Moniepoint from onboarding new customers. The fintech firms later warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities.
Speaking at the event, Hussaini reiterated the government’s resolve to fully implement the mandate by providing a fully digitised service centre for easy registration.
He emphasised that the registration process aligns with both legal requirements and the directives of the CBN mandating individual, merchant or business entities to be captured in its database.
He further warned that the 60-day deadline would not be extended while stressing that defaulters would receive adequate punishments after the deadline.
He said, “We have launched a 24-hour service centre to accommodate enquiries from Point of Sales operators and agents who may want to register as directed by the new policy.
The secretariat is filled with staff members who have the responsibility of availability, and some are being saddled with the responsibility of approving requests. We have equipped the secretariat with the necessary facilities.
“This is to show you how the government is taking this issue seriously and the centre will be open for a 24-hour service. It will be open for compliance and any feedback from the public especially PoS operators who have been mandated to register their businesses with the commission.”
He added, “We have trained our staff to accommodate these activities and these staff can work from home and that’s why we said 24-hour service. We have equipped them with facilities and they can work from home for approvals and availability segment. The deadline remains 60 days and it will end July 7th.”
The CAC boss further stated that the timeline was not intended to target specific groups or individuals but genuinely aimed at safeguarding businesses.
The CAC boss explained, “Of course, the mandatory registration will reduce crime and fraudulent practices, the commission is hosting data and if any crime is committed anywhere, the security agencies would have to reach us to know the people behind the company and the fraudsters. But if they are not registered, we can’t do anything and that’s the essence of the registration.
“We have had a situation where a ransom is being paid with a PoS terminal and a lot of fraud but after the registration, if anything happens we can provide the details of the persons behind the company to the government. We will capture the picture and other relevant information and this is a good development for the country.”
He stressed that “after the deadline, we would go after defaulters, If you have been identified as a criminal, security agents will go after you, we will go after them because some are being chased by the security agencies already.”
He elaborated on the benefits of registration, emphasising that it goes beyond taxation to encompass access to loans, legality, and compliance with regulatory requirements.
“The law has stated that for any person to carry out business activity in the country, your business must be legitimate and for your business to be legitimate you must register, either you are doing your business as an individual or as an agent, you must register with us’.
Some senior officials of the Kwara State Local Government Service Commission have been kidnapped by gunmen along the Omu-Aran/Ilorin Road.
The victims were abducted on Friday evening.
Those kidnapped are: the Head of the Legal Department of Oke-Ero Local Government, Elizabeth Arinde, and the Head of Personnel Management of the council, whose name could not be immediately confirmed.
It was gathered on Saturday night that the two senior administrators were among seven individuals kidnapped at Corner Eleyin along the Omu-Aran/Ilorin Expressway while returning to Ilorin, the state capital, for the weekend on Friday, April 25, 2025.
The incident occurred at about 5:45pm where five gunmen ambushed the two private vehicles before leading the passengers into the bush.
The Kwara State Police Command has confirmed the incident.
This was contained in a statement signed by the Police Public Relations Officer, SP Adetoun Ejire-Adeyemi, on behalf of the Commissioner of Police, Adekimi Ojo, on Saturday.
The statement added “The Kwara State Police Command confirms a kidnap incident reported at about 5:45 p.m. on Friday, 25th April 2025, at Eleyin village via Isanlu-Isin. It was reported that about five armed men blocked the highway, stopping two private vehicles, forcefully taking all occupants to an unknown location.
“Following the report, the command, in collaboration with the military and vigilantes, launched a swift operation, leading to the successful rescue of two victims, Ganiyu Ajayi and Kolawole Adeyemi.
“Efforts are ongoing to rescue the remaining five victims and apprehend the perpetrators.
“The command has intensified security measures across the area, including aggressive bush combing, strategic patrols, and intelligence-driven operations to prevent further occurrences”
The Chief of Civil-Military Affairs (Army), Major General Gold Chibuisi, has condemned the harassment and assault of civilians unlawfully wearing military uniforms, stressing that while such acts are illegal, the Nigerian Army does not support violence against offenders.
Speaking during a media chat with Defence correspondents on Saturday night in Abuja, Maj. Gen. Chibuisi said that although it is against Nigerian law for non-military personnel to wear military uniforms, soldiers must act professionally and lawfully when handling such cases.
“I’m surprised that in most briefs we give in our programmes, we always talk about this uniform issue because it keeps recurring. It’s against the law of the land. If you are not in the armed forces, please don’t use our uniform, whether you love it or not.
“But that’s one part of it. Let people stop it. The other part is what we do, what our troops do when they see somebody dressed in a military uniform. You’re supposed to just get the person to remove it, arrest, and hand it over to the police, basically for persecution. All these other things that come with it are not right. And we are doing sensitisation on them.”
He said many soldiers had been sanctioned for assaulting Nigerians who wore military camouflage.
” Those that we find and there is evidence that they did that, we always sanction them sternly. And we’ll continue to do that, ” Chibuisi said.
He appealed to citizens to avoid wearing military uniforms illegally, noting that respecting the uniform is an important part of strengthening national security and building trust between the military and the public.
Chibuisi noted that criminals increasingly exploit military uniforms to commit crimes, making it harder for civilians and security agencies to identify genuine soldiers.
“Currently, there are a lot of criminals using military garb to perpetrate crime. If people keep dressing like that, how do you differentiate between a criminal and a genuine soldier?”
He urged families and communities to help with sensitization at the home level.
“If somebody you know is not in the military comes out in the morning, and he wants to jog or drive somewhere wearing our uniform, you should tell him not to, “he said.
Chibuisi also reminded the public that the Army belongs to the people and should be seen as part of their families, not as distant or fearsome figures.
“There is no army that doesn’t want itself to be seen as working for the people. We are the Nigerian Army. The Nigerian people own us.”
As part of efforts to foster better understanding, the Army, he said, is strengthening its sensitisation campaigns both internally among troops and externally to the wider public.
“We are fine-tuning the conduct of our personnel.
“And I believe as we keep interacting, the relationship will continue to improve, ” he said.
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