From January unregistered POS terminals will be seized and fintechs will be on watchlist – CAC
The corporate Affairs commission (CAC) has introduced that each one unregistered point-of-Sale (PoS) operators in Nigeria could be close down effective January 1, 2026. The commission additionally disclosed that financial generation (fintech) firms allowing illegal transactions are now underneath strict surveillance.
In a statement launched on Saturday, December 6, the CAC described the growing variety of unregistered PoS terminals as a “reckless practice” that violates the corporations and Allied matters Act (CAMA) 2020 as well as Central bank of Nigeria (CBN) agent banking regulations.
The commission suggested all operators to begin the registration method at once, stressing that compliance is compulsory.
according to the CAC:
“Unregistered PoS terminals could be seized or close down with the aid of security officials.”
“Fintechs enabling illegal operations might be positioned on watchlist and suggested to the CBN.”
The commission warned that the proliferation of unregistered PoS operators, regularly aided by way of some fintech systems, exposes Nigeria’s economic system and residents’ budget to tremendous risks.
the overall assertion, dated December 6, 2025, reads:
“The CAC has determined the growing variety of PoS operators running besides registration, violating CAMA 2020 and CBN Agent Banking regulations.
This reckless exercise, regularly enabled with the aid of a few fintech groups, places Nigeria’s economic device and citizens’ investments at danger. This must forestall.”
effective January 1, 2026:
– No PoS operator can be allowed to perform besides CAC registration.
–protection groups will enforce compliance national.
–Unregistered PoS terminals may be seized or shut down.
–Fintech companies allowing illegal operations may be watchlisted and suggested to the CBN.
–All operators have to regularize their operations right now.
“Compliance is obligatory,” the declaration concluded.
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