CAC Threatens to Report Opay, Moniepoint, Palmpay, Others to CBN Over Unregistered PoS Operators
The Corporate Affairs Commission (CAC) has warned that financial technology companies, including Opay, Moniepoint, Palmpay and others, may be reported to the Central Bank of Nigeria (CBN) for allegedly enabling unregistered Point of Sale (PoS) operators across the country.
A previous report by Legit.ng revealed that the commission set January 2026 as the deadline for PoS operators to register their businesses or risk arrest.
