From January 1, 2026, many PoS operators in Nigeria risk having their terminals shut down as the Corporate Affairs Commission (CAC) begins strict enforcement of mandatory registration. The Commission says any operator not registered by that date will not be allowed to function.

According to the CAC, the surge of unregistered PoS agents — a practice it says is “recklessly enabled” by some fintechs — violates CAMA 2020 and CBN regulations, exposing citizens to fraud and financial losses.

This is significant because millions of Nigerians depend on PoS terminals for daily withdrawals and transfers, while many youths rely on the business for income.

To enforce the rule, security agencies will seize or close unregistered terminals and monitor agents nationwide. Fintechs enabling illegal operations will be watchlisted and reported to the CBN.

The CAC’s message is clear: regularise now or risk being shut down.