Bilesanmi, Sanwo-Olu Urge CAC to Ease Registration Process for PoS Operators


The only leading advocacy body
with over 223 million Telecom Subscriber memberships across 36 states within the six geo political zone in Nigeria under agile Association of Telephones, Cable Tv and Internet Subscribers of Nigeria, National President, Hon Sina Bilesanmi and Governor of Lagos State, Mr Babajide Sanwo-Olu, both has urged the Corporate Affairs Commission (CAC) to make registration easy process, especially for startups and small businesses that might struggle to pay registration fees, ATCIS advocate for more days in which CAC have done to Sept 5th.

Hon Sina Bilesanmi stated this at a member, ESV ABDULLAH IBRAHEEM OLAWALE 60th years Birthday & Retirement party today Monday says importance and mission of ATCIS while The Governor stated this last week Thursday during a courtesy call on him by the Registrar-General of Coperate Affairs Commission, Mr Hussaini Magaji at Alausa, Ikeja-Lagos.

This appeal comes amid the struggle by Point of Sales (PoS) operators in Nigeria to meet the registration deadline set by the CAC.

Sanwo-Olu, who was represented by his Deputy, Dr Obafemi Hamzat, suggested that the CAC could adopt a model similar to the state tax card which provided a database for the government to manage infrastructure needs without burdening businesses.

While expressing the effort and working in hand progress of ATCIS – Nigeria led by Hon Sina Bilesanmi, Lagos state government’s willingness to collaborate with the CAC to ensure seamless registration of business in the state he emphasized the need for more sensitization to correct the perception that registering with the CAC was difficult.

The body is committed to protecting the rights of its members and ensuring good products and network service delivery from service providers

ATCIS has achieved 347 successful programs and reforms and is committed to protecting the rights of telephone, cable TV, and internet subscribers across Nigeria.

ATCIS has a history of advocating for citizens’ rights and has spent over N833 million on this cause.

The backstory
Earlier this May, the CAC announced that PoS Operators of major fintechs in Nigeria including OPay, Palmpay, Moniepoint and among others, have been given a deadline of July 7, 2024, to register their business, at CAC being government body we so respect oppion of advocacy body in cordial to ATCIS letters Call for more day’s, it’s now extended to September 5th, 2024.

The Registrar-General of the CAC, Hussaini Magaji, who announced said this was the agreement with the PoS operators in Nigeria after a meeting in Abuja and in support of Association of Telephones,Cable Tv and Internet Subscribers of Nigeria ATCIS.

According to him, the registrations also align with the legal requirements and the directives of the Central Bank of Nigeria (CBN).

He added that the action was equally backed by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020 as well as the 2013 CBN guidelines on agent banking.

He said the registration is aimed at safeguarding the businesses of fintechs and customers and strengthening the economy.

The body has also secured employment opportunities for its members and has been featured in over 1003 newspaper publications and 20 national television and radio stations.

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