Published By: Paul Dada
The Corporate Affairs Commission (CAC) and some Point of Sale (PoS) operators have agreed to protect customersโ interest.
The Registrar-General of CAC, Hussaini Magaji, said this when the operators visited him in his office in Abuja.
Magaji said the operators agreed to a two-month timeline to register their agents and merchants with CAC.
According to him, this is in line with the legal requirements and the directives of the Central Bank of Nigeria (CBN).
โThe measure is to safeguard the businesses of Fintech customers and strengthening the economy.
โThe action is equally backed by Section 863, Sub-section 1 of the Companies and Allied Matters Act, (CAMA 2020), as well as the 2013 CBN guidelines on agent banking,โ he said.
The registrar-general said that the deadline for the registration, which was agreed to be July 7, aimed at providing protection for businesses in the country.
- Naira scarcity: CBN blames banks, PoS operators
- CAC to strike off 100,000 companies
- AGMs by proxies will no longer be allowed from Jan. 2023 โ CAC
Also speaking, Peter Tokoni, the Special Adviser to the President on Information and Communication Technology Development and Innovation, restated the commitment of the government to boost the economy.
โWe will ensure smooth facilitation of this process in line with the Renewed Hope Initiative of President Bola Tinubu-led administration,โ Tokoni said.
On their part, the Fintech operators reiterated their commitment to partner with CAC to ensure the efficient and effective implementation of the CBN directive.
They, however, urged for adequate sensitisation of the public to ensure smooth operations and to meet the desired goal.
The News Agency of Nigeria(NAN) reports that representatives of Opay, Momba; Palmpay Ltd.; Paystack; Fairmoney Micro Finance Bank; Moniepoint, and Teasy pay were present at the event.
The highlight of the event was the signing of a document by the representativesย to supportย the project. (NAN)
Chicken Consumption Tips: A Guide to Safe and Healthy Eating Habits Mixer-magazin | Sponsored Niedrogie zadaszenia sลoneczne to przyszลoลฤ (zobacz ceny) Wyszukaj reklamy | Sponsored Nowa kosa akumulatorowa, ktรณra zrewolucjonizuje ogrodnictwo oggibenessere.com | Sponsored Lokaty 2024: gdzie twoje oszczฤdnoลci rosnฤ najszybciej Savings Accounts | Search Ads | Sponsored Klimatyzacja bezkanaลowa: przystฤpne ceny i ลatwy montaลผ. Kliknij tutaj. Klimatyzacja | Sponsored Grzybica paznokci przestaลa byฤ problemem. Nie trzeba ukrywaฤ ich pod lakierem. bettermethod24.com | Sponsored