The Corporate Affairs Commission (CAC) has issued a stern public notice declaring that all Point of Sale (PoS) operators in Nigeria must be duly registered with the Commission or face immediate shutdown starting from January 1, 2026.
In a statement released on Saturday December 6, 2025 and signed by the management of the CAC, the Commission warned that the unregistered PoS terminals will be seized and operators shutdown by security agencies across the country.
The statement reads: “The CAC has observed the rising number of PoS operators running without registration, violating CAMA 2020 and CBN Agent Banking regulations.
“This reckless practice often enabled by Fintech companies puts Nigeria’s financial system and citizens’ investments at risk. This must stop.
“EFFECTIVE 1 JANUARY 2026: No PoS operators will be allowed to operate without CAC regulations. Security agencies will enforce nationwide compliance.
“Unregistered PoS terminals will be seized or shutdown by security officials.
“Fintechs enabling illegal operations will be placed on watch list and reported to the CBN.
“All operators are advised to regularize immediately. Compliance is mandatory”, the statement read in part.
The directive aligns with broader regulatory efforts by the CBN, which earlier this year introduced measures like geo-tagging PoS devices and limiting agents to a single financial institution to curb “ghost terminals” and illicit activities.
Industry watchers say the CAC’s involvement adds teeth to those rules, as business registration under CAMA is the foundational step for legal operations.
This initiative comes amid heightened concerns over financial crimes linked to PoS networks.
Just last month, the House of Representatives decried a spike in PoS -related fraud, including cloned terminals and identity theft, calling for stricter Know Your Customer (KYC) protocols.
-9News Nigeria.
