The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise that will see all unregistered Point of Sale (POS) operators shut down beginning January 1, 2026.
In a statement issued on Friday and signed by the CAC Management, the commission warned that security agencies have been directed to seize unregistered POS terminals and close any outlet operating without proper documentation.
According to the CAC, the surge in unregistered POS businesses contravenes provisions of the Companies and Allied Matters Act (CAMA) 2020 and the Central Bank of Nigeria’s Agent Banking Regulations.
“The Commission has observed the rising number of POS operators running without registration, violating CAMA 2020 and CBN Agent Banking Regulations,” the statement said. “This reckless practice—often enabled by some fintech companies—puts Nigeria’s financial system and citizens’ investments at risk. This must stop.”
The CAC outlined the following directives effective January 1, 2026:
No POS operator will be allowed to operate without CAC registration.
Security agencies will enforce nationwide compliance; Unregistered POS terminals will be seized and shut down; Fintechs enabling unregistered operators will be placed on a watchlist and reported to the CBN.
The commission urged all operators to ensure immediate compliance, stressing that registration is mandatory.
