Barring the last moment for the conclusion of registration for all Point of Sales (POS) operators, the Corporate Affairs Commission (CAC) has extended the registration deadline for fintech operators operators by 60 days.
Initially, the registration ends on July 7, with the extension announced by the commission, the registration deadline is now September 5, 2024.
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On what could be the possible reason for extension by 60 days, the commission via its social media handle attributed the extension of registration to network challenges operators of POS faced during the exercise.
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”The Corporate Affairs Commission wishes to notify Fintech Operators, also known as Point of Sales (POS) Operators, that the initial deadline of July 7, 2024, for the registration of Sole Agents, Super Agents, and Agents has been extended for a period of sixty days, starting from July 7, 2024, to September 5, 2024.
‘This extension aims to provide sufficient time for operators, particularly those in remote areas who may have encountered network challenges, to register and continue their businesses.
‘Operators who fail or refuse to register by the end of the extended deadline risk losing their businesses and facing prosecution for aiding and abetting criminal activities.’”
