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CAC talks tough after deadline given to PoS operators elapsed

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By Mario Deepromoter

The Corporate Affairs Commission has vowed to clampdown on PoS operators who failed to follow stipulated guidelines which expired on September 5.

It reminded Point of Sale operators across Nigeria that the deadline for business registration, initially announced on July 7, 2024, expired on September 5, 2024.

Naijablitznews reports this was contained in a statement released on Friday, the CAC expressed concerns over inadequate compliance with the directive, despite the large number of PoS operators in the country.

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However, CAC commended operators who have taken steps to formalize their businesses, praising their “positive attitudes” towards compliance.

The Commission noted with concern the significant number of operators who have not adhered to the directive.

The statement read, “Recalcitrant operators have refused to adhere to the advice for formalization due possibly to engagements in unwholesome activities or for some reasons best known to them.”

The CAC emphasised that it is working in collaboration with law enforcement agencies and other relevant stakeholders to implement a comprehensive enforcement and sanction framework.

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The measures may include the shutdown of non-compliant businesses and other severe legal consequences.

“We are to make it clear that the Commission is working with Law Enforcement Agencies and other relevant stakeholders to deploy comprehensive enforcement and sanction framework that may include not only possible shutdown but other severe legal consequences,” the statement read.

The Federal Government, through the Corporate Affairs Commission, had previously set a two-month deadline for POS operators to register their agents, merchants, and individuals with the commission in compliance with legal requirements and the directives of the Central Bank of Nigeria.

This directive was issued in response to a rise in fraud incidents involving POS terminals and CBN’s plans to prohibit trading in cryptocurrencies and other virtual currencies.

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A report from the Nigeria Inter-Bank Settlement System Plc revealed that POS terminals were involved in 26.37 per cent of fraud incidents in 2023.

The CAC stated that the registration initiative aims to reduce fraud within the system, as well as combat kidnapping and the payment of ransoms.

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#OndoDecides2024: Tinubu Congratulates Aiyedatiwa On Electoral Victory

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President Bola Tinubu on Sunday felicitated Governor Lucky Aiyedatiwa for winning Saturday’s governorship election held in the state.

The president also commended the peaceful conduct of the process.

Tinubu’s congratulatory message was conveyed in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, titled ‘President Tinubu congratulates Gov. Lucky Aiyedatiwa on election in Ondo State.’

The Independent National Electoral Commission on Sunday declared Aiyedatiwa, the candidate of the All Progressives Congress, as the winner of the election.

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The Returning Officer of the exercise, who is also the Vice-Chancellor of the Federal University of Lokoja, Prof Olayemi Akinwunmi, declared Aiyedatiwa winner having polled 366,781 votes to defeat his closest rival, Ajayi Agboola of the Peoples Democratic Party with 117,845 votes.

The President congratulated Aiyedatiwa and other candidates of the 17 political parties for the maturity and sense of purpose demonstrated during the campaigns and the election.

“He enjoins the political actors to allow their orderly conduct to permeate the post-election activities and processes.

“President Tinubu believes the Ondo State election was another litmus test of the capacity of the Independent National Electoral Commission, affirming that the electoral body justified the confidence of the people with early preparations, deployment of staff and materials and handling of the electoral process,” the statement read.

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The President also commended INEC for the efficiency of uploading more than 98 per cent of results on the same day of the elections.

He extended his appreciation to the Nigerian Police Force, Nigeria Security and Civil Defence Corps, Federal Road Safety Corps, National Youth Service Corps, the military and other security outfits for their professionalism in maintaining peace and order.

Tinubu urged candidates dissatisfied with the outcome of the election to explore the opportunities provided by the judicial system to seek redress in areas of conflict.

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Tinubu Heads to Brazil for G20 Summit

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…set to Join World Leaders in Rio de Janeiro

President Bola Tinubu will soon depart Nigeria for Brazil to attend the 19th meeting of the G20 Leaders’ Summit taking place in the South American country.

Bayo Onanuga, Special Adviser to the President on Information and Strategy, announced this in a statement on Sunday.

The trip comes five days after Tinubu returned to Abuja after attending the Joint Arab-Islamic Summit in Riyadh, Saudi Arabia.

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The summit, which was hosted by King Salman and Crown Prince Mohammed bin Salman, on Monday, focused on current issues in the Middle East.

In his statement, Onanuga said the latest trip is at the instance of the Brazilian President and current President of the group, Luiz Inacio Lula da Silva.

“President Bola Tinubu will leave Abuja for Rio de Janeiro, Brazil on Sunday to attend to attend the 19th meeting of the G20 Leaders’ Summit taking place in the South American country.”

“The Nigerian leader’s participation is at the instance of the Brazilian President and current President of the group, Luiz Inacio Lula da Silva.

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“The Summit holding from Monday, November 18 to Tuesday 19, will bring together leaders from the world’s top 20 economies, including the European Union, the African Union, and multilateral financial institutions among others.

This year’s meeting, under the theme, ‘Building a Just World and a Sustainable Planet,’ will see the participants discuss the fight against hunger and poverty; reform of the Institution of global governance and; sustainable development and Energy Transition.

“Nigeria has always strongly advocated for a reform of the global governing institutions, and often presented its impressive credentials as a strong contender for a permanent seat on the United Nations Security Council.

“President Tinubu is also expected to hold bilateral meetings on the sidelines of the Summit in advancement of Nigeria’s socio-economic reforms.

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“He will be accompanied by top government officials including the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, Ministers of Livestock Development, Idi Mukhtar Maiha, Art, Tourism, Culture and Creativity, Hannatu Musawa, Minister of State for Agriculture and Food Security, Dr. Aliyu Sabi Abdullahi and the Director General of the National Intelligence Agency, Ambassador Mohammed Mohammed.

“The President will return to Nigeria at the end of the visit.”

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Tears flow as husband bids farewell to wife, two children lost in Owabi River

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Atwima Koforidua in the Ashanti Region was plunged into a state of mourning as sympathisers gathered for the final funeral rites of Helena Yasan and her two daughters, who tragically lost their lives when their car submerged into the Owabi River.

Emmanuel Yasan, Helena’s husband, was overwhelmed with grief as he said his final goodbye to his family.

In a video that has gone viral on social media, on November 17, 2024, Emmanuel, surrounded by friends and family, was seen shedding tears profusely.

Several mourners at the funeral were visibly heartbroken, with one person openly weeping in the crowd.

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The victims were laid to rest amidst prayers and intense grief.

What Emmanuel initially said after losing his wife and kids

In an earlier video shared on Angel FM on October 30, 2024, Emmanuel recounted the devastating events of the fateful day he lost his family.

He explained that he had last seen his wife and children that morning before the tragedy struck.

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“I called my wife, but she didn’t answer. I thought her phone was off because of the blackout the night before. When I went to the children’s school and didn’t find them there, I returned to the river where the car had fallen. That’s when I realised it was her car,” Emmanuel recalled, his voice filled with emotions.

To him, the painful moment when his family was finally pulled lifeless from the water remains etched in his memory.

According to reports, the rescue efforts were delayed due to high water levels, and traditional rites had to be performed before the vehicle could be retrieved.

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