The Federal Government, through the Corporate Affairs Commission, CAC, has declared that all Point of Sale (POS) operators in Nigeria must be duly registered with the commission or face immediate shutdown starting from 1st January 2026.

In a statement on Saturday, the agency warned that unregistered POS terminals will be seized and operators shut down by security agencies across the country.

According to the statement, no POS operator will be allowed to operate without CAC registration, adding that security agencies will enforce nationwide compliance.

It added that the CAC had observed a rising number of POS operators running without registration, violating CAMA 2020 and CBN Agent Banking Regulations.

The statement further pointed out that this reckless practice, often enabled by some fintech companies, puts Nigeria’s financial system and citizens’ investments at risk, stressing that it must stop.

“Unregistered POS terminals will be seized or shut down by security officials.

Fintechs enabling illegal operations will be placed on a watchlist and reported to the CBN. All operators are advised to regularize immediately. Compliance is mandatory,” the statement said.