Pos business: how to register as a POS operator with CAC

Pos business: how To Register as a POS Operator With CAC, This is to notify the general public of the new policy instigated by FG of Nigeria to all pos proprietors and vendors to register their business with Corporate Affairs Commission.

On Wednesday, May 8, 2024, the Corporate Affairs Commission (CAC), via Registrar-General Hussaini Magaji (SAN), mandated that all Point of Sales (POS) business operators must register with the CAC.

According to this directive, agents, merchants, and individuals using POS terminals must register with the Corporate Affairs Commission before launching their business, while Current operators need to register on or before July 7, 2024.

 Requirements and example on how to register as a POS Operator With CAC

1. Two proposed names of the enterprise

You have to be carefully consider two proposed names for the enterprise. These names have been chosen based on the relevance to your business objectives and target audience. Believe that either of these names will effectively represent our brand and resonate with our customers.

• Example 1 Nsypay enterprises
• Example 2 [Nsypay business point

2. Business activities the enterprise wants to engage in

There are millions of business name to choose depending what you want to use your terminal to do.

• Example 1 Drinking bar enterprise
• Example 2 Bet9ja enterprise

3. Office location (house number, street, LGA, state), email address, and telephone number: 

Example:

• Office Location address: Plot 420, Tigris Crescent,

  Off Aguiyi Ironsi Street,
  Maitama, Abuja.
  Nigeria.

• House number: No 74 P line Housing estate

• Street: P line Housing estate
• LGA: Ikeja
• State: Lagos
• Email/Gmail: emmajue2@gmail.com
• Phone no: (+234) 704 3999 948

4. Data of  Sole Proprietor (birth date, home address, phone number, email address)

Example:

• 5th June 1934
• 36 Grace Bill Lagos
• (+234) 8046 354 647
• Email/Gmail:emmajue2@gmail.com

5. Valid ID Card of Sole Proprietor

Choose one out of the valid identities listed below for registration

Example:

• Permanent voter’s card (PVC)
• National Identity Nunber (NIN)
• International passport (IP)

6. Passport-sized photograph of the Sole Proprietor

Provide original passport of your own self for future references and proper documentation.

7. Signature 

Note: Providing your signature  on a document or form, indicating your approval, authorization and consent to it.

It is very important for all pos operators and intended operators to respect the new policy, failure to comply would attract penalty.

Register here through CAC official site.