Nigerian POS Operators Resist CAC's Terminal Seizure Plan, Prepare for Court Battle
POS operators under the National Association of Financial Inclusion Agents (NAFIAN) are resisting the CAC's move to seize terminals due to registration disputes, planning to challenge the enforcement in court. The CAC's demand for additional registration is deemed unnecessary by operators who argue it exceeds its authority.
The CAC's directive, effective from January 1, 2026, mandates all POS operators to register with CAC, failing which their terminals could be seized. The operators stress compliance with existing guidelines and readiness to contest the CAC's enforcement in court.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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