Nigeria Targets Unregistered POS Terminals Amid Financial Crime Concerns

Nigeria’s Corporate Affairs Commission (CAC) is seeking stronger collaboration with the Economic and Financial Crimes Commission (EFCC) to address financial crimes linked to unregistered businesses and improve oversight of Point of Sale (POS) operators across the country. During a courtesy visit to the EFCC headquarters, CAC Board Chairman Senator Ibrahim M. Ida proposed closer cooperation between the two agencies to strengthen Nigeria’s financial ecosystem and tackle emerging economic crimes.