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Ahead of the mandatory registration deadline set by the Corporate Affairs Commission (CAC), Michael Nwabufo, the agency’s ambassador, has called on point-of-sale (POS) agents and small businesses to comply promptly.
Nwabufo, a talent and brand manager, emphasized in a recent statement from Lagos that business owners must avoid any actions that could disrupt their operations once the registration window closes.
With only five days remaining until the deadline, Nwabufo urged businesses to utilize the CAC Special Registration Portal (SRP) or the PCCSIGN platform to complete their registrations.
“This initiative is a significant step forward, offering a more accessible, efficient, and user-friendly registration process for all Nigerians. We encourage small businesses, particularly point-of-sale agents, to register via the SRP. This formal registration not only provides legal recognition but also enhances credibility and opens up opportunities for growth,” Nwabufo said.
He highlighted that the SRP features a user-friendly interface, significantly reducing registration and approval times.
The CAC has also partnered with the Practitioners of Content Creating, Skit-making, and Influencers Guild (PCCSIGN) platform to further streamline the process and eliminate complications. The PCCSIGN platform offers a registration system tailored to the needs of its community, providing an additional avenue for swift and efficient registration.
Nwabufo stressed the importance of meeting the CAC registration deadline, stating, “The CAC deadline for the registration of POS agents and other small businesses is crucial; all registrations must be completed by July 7.”
In May, CAC Registrar-General Hussaini Magaji (SAN) directed POS agents of major fintech companies in Nigeria, including OPay, Palmpay, and Moniepoint, to register their businesses by July 7.
According to the CAC, it processes about 15,000 applications daily, including on weekends, as part of its fintech regularization program.
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