‘POS registration will checkmate kidnappings, criminality

The Registrar-General , Corporate Affairs Commission , Hussaini Ishaq Magaji, yesterday said Fintech Nigeria machines, popularly known as POS, are expected to be registered with the commission to track criminals who use the machines to extort money from their victims.

The RG stated this this during the launch of CAC registration agents and merchants of Fintechs in Abuja, stating that the commission is training its staff members to work 24 hours to meet their demands. “In most banks at present, there are POS machines, which are not registered and not attracting any charges.Even though they are in the bank, they should be registered and charges met like any other POS on the street. After the deadline of 60 days without registration, they will be termed as criminals.”

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