News
CAC extends POS registration deadline to Sept 5
The Corporate Affairs Commission has announced the approval to extend the mandatory Point of Sales agents, super agents, and sole agents registration to September 5, 2024.
The commission announced in a statement signed by its management and posted on its Facebook page on Saturday, giving a 60-day extension.
It said the extension 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.
The statement read, “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.
It added operators who continue to disobey after the new deadline will risk losing their businesses and facing prosecution for assisting criminal activities.
“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.”
Two months ago, the CAC 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.
The Registrar-General of the CAC, Hussaini Magaji, who announced this said this was the agreement with the PoS operators after a meeting in Abuja.
According to him, the registrations also align with the legal requirements and the directives of the Central Bank of Nigeria.
He added that the action was equally 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.
He said the registration is aimed at safeguarding the businesses of fintechs and customers and strengthening the economy.
News
Malaysia Celebrates 67th Independence Day, Emphasises Economic Growth, Strengthening Ties with Nigeria
News
HoR Mediates Peace Among Rival Safety Professional Groups
News
Edo guber: LP’s Akpata remains a front runner, set to capture Edo
By Kayode Sanni-Arewa
Less than twenty-four hours to the start of voting in Saturday’s governorship poll in Edo State, a rash of fake news has broken out.
Leading parties in the election have had their fair shares of fake news either indicating the withdrawal of their candidates or disqualification by a Magistrate Court or Supreme Court.
For instance, Olumide Akpata of LP was said to have withdrawn from the race and thrown his support for Asue Ighodalo in a statement that read smoothly and appeared convincing.
THE CONCLAVE sent the statement to Akpata via WhatsApp for confirmed.
He responded by sending the same statement with FAKE NEWS boldly stamped on it.
He said he was set for victory at the poll.
There was also a news flash about the Supreme Court disqualifying Asue Ighodalo of the Peoples Democratic Party, with a sign off: More details coming….
A Magistrate Court in Abuja was also reported to have disqualified Monday Okpebholo of the APC from the poll on account of age falsification.
The APC campaign organisation had swiftly put a lie to the report by deploying the court papers in the circumstance.
-
Metro22 hours ago
Police confirm alleged ritual, kidnap incident at Top View hotel Abuja
-
News16 hours ago
Few Hours To Edo Election, Governorship Candidate Withdraws
-
Sports24 hours ago
Champions League: Monaco shock Barcelona, Atalanta hold Arsenal
-
Politics22 hours ago
Fintiri pledges support for PDP chair Damagum amid party division
-
News22 hours ago
Council autonomy: Constitution for rework, says Akpabio
-
News16 hours ago
Just in: Dangote Petrol Now Available at N765.99 Per Litre
-
News22 hours ago
E-CMR: We won’t stop vehicles to check papers again – Police
-
Economy22 hours ago
SEC wants govt agencies to list on NGX