BREAKING!!! CAC Threatens To Shut Down Unregistered PoS Businesses As September 5 Deadline Lapses

CAC stated this in a public notice released on Friday. While noting there was inadequate compliance with its directive, it said those who decided not to register may be engaging in “unwholesome activities.”

This comes as the fintech business owners under the aegis of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) have challenged the CAC’s registration directive in court even as they insist the mandatory registration was illegal.

The CAC in the public notice said:

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