₦airaland Forum

Toothless bulldogs.

Detour2022:
Minimum wage is not applicable to organizations with less than 50 employees. Those who have more than that can pay.

You are not informed. Please go and read the 2019 MW Act. Precise NLC/TUC are clamouring that organisations with at least 5 employees must pay the MW. So what exactly are you on to?

The origin of wealth of filthy.

That's why I don't necessarily envy anyone with ostentatious display of wealth. If you know what many of these people do.....

yewit37486:
Partly yes.. from experience in a sector where safety is constantly emphasized. Sadly in Nigeria, general safery is not considered a priority even in our day to day lives, an example is the nollywood actor who boarded the boat without a life jacket.

You are very correct. Petroleum, Construction and some of the big players in the manufacturing industry are the major sectors in Nigeria where safety is emphasized. Every sector treats it with levity. You are very correct about Junior Pope's death.......we must think safety always not only when it is convenient for us. Cheers bro

yewit37486:
Good response from the Lagos state fire service.

I can bet it's something avoidable that triggered this. How could the spillage have been avoided or contained better? What lessons will be taken from this to prevent a re-occurrence. Safety awareness needs to be better. I remember the day I saw a woman cooking with charcoal and an open fire around this terminal area.

You sound like an HSE luminary. Are you one?

1. Let the girls come on media and express their desires to get married without coercion.

2. Let an independent NGO ascertain the ages of these girls.

3. Let the MoWA conduct an investigation on the men who intend to marry these girls. Who are they? What is their source of income? What do they do for a living?

4. Let every sane person ask questions, why do they need a mass and sponsored wedding? If a potential groom cannot afford to sponsor his own wedding, then he has no business getting married. This is how they keep giving birth to children they cannot afford to cater for.

5. @OP, you are very foolish. Incase, you missed it the first time, I said you are VERY VERY FOOLISH.

6. Your opening statement "female minister" has already exposed who and what you are. Keeping deceiving yourself. Igbo Christian my foot!

gentlesmithugo:
Getting addicted to betting back then it drained me and liquidated my business.though I have stopped over 2 years now.but my life has never being the same.i have being struggling to raise money to start up again but to no avail.

This!

englishmart:
Doctorate at 17 is silly

Apologies but you sound silly with that statement

rowland545:
second of all....u b real mumu and e b like nah life time something....if u dont know r roles of police then u should b ashamed of yourself....ode

the wayray papa na police officer. no wonder. Your papa no go see food chop. Police has no business with civil cases. You and your dad can go hang.

rowland545:
police have no issue on civil case ?..are u people serious on this app?

So if someone goes against an agreement....who do u report too?


Some lawyers and una citizens una no get sense shaa

Firstly, your papa for house no get sense. If you don't understand a matter, ask questions, pig.

If you quote me again and ask politely, I might consider enlightening you, but for now, go and pray for common sense for you and your father. Cheers!

Sorry for the laughter


So Edo State will be paying far higher than the FG?

Oba ghato kpere, ise!!!!


Judges to take home over 50m as allowances annually, tripartite committee to pocket 500m just to fix 48k MW

Actually true. Police have no business with civil cases

KTiana:
She is dated out man. How can you date someone for 7 years? Of course the loveis gone.

Please let her be, she don try for u and do not blame her for anything. I tell people, when you date too long, chances are available for interference, see finish or the love can die. It is always better to strike when the iron is hot and do not tell me it was finance, y not use small money pay bride price since? To cap it off u were even cheating self and she cheated too.

Please, I am a she and that lady is gone for now. Do not force things else u will regret it.

You are right Sis

Lukmanraji:
Thank you.

As I was reading your post, I thought I was reliving the story of my life. Just almost the exact way mine played out also. They will manipulate and gaslight you for spying on them instead of facing the real issues. You wanna hear the truth bro? You have to move on. I was broken too when mine happened but I knew there was no going back. I even retrieved the engagement ring I gave to her. She kept saying I should give her time, that she was lost and trying to find her way back but she kept throwing herself at her office colleague. If you look closely, there is female friend she has that knows everything and keeps encouraging her to continue. Such is the live of the Gen Z girls we have today.
Another truth is after she has been tossed around, she will come looking for you. But please, don't accept her. It's hard but you gotta move on. Start doing things you love to do before you met her. Focus on your personal development and career growth. Success is the best revenge in cases like this. Let her look back and always regret she took you for granted. If you stay against all the numerous advise you have been given, she will continue to disrespect you and one day, you might snap and hurt her. Don't let it get to that. I knew I had to leave when I started bearing the thoughts of strangling her while she slept beside me.

DataCrab:
Hello Nairalanders, I was trying to use USSD to recharge 100k airtime for myself to purchase 1TB 1 year data plan earlier this morning but i mistakenly omitted the second digit of the number (i put 9 instead of 8 😭) and the thing now is that the number is not mine. I've been calling the person since morning, phone rang for some time but has been switched off since. Please how can i go about recovering my money? UBA said they can't help me that I'll have to report to the network provider of the person and i don't know which network the person uses, i only know their phone number (the one i mistakenly recharged for)

If that is your account balance I see, then let go of the airtime. Maybe the person has been praying for some miracle and God used you.

Alternatively, insert the number on Truecaller and you will see the network written there. Call the service provider of that number and state your case. Be rest assured, you may not see the complete 100k airtime but you will recover a sizeable amount of it back. All the best

Exousiang01:
The N615k living wage proposed by the NLC simply showes they are all just a bunch of illiterates who want economic change but don't understand how economy works.

Unfortunately OP is one of the empty headed folks.

If not chronic illiteracy why would OP keep talking about government as if government owns the private sectors and pays their salaries?


The country is drowning in inflation and you think this is the next best thing.

OP is even saying we have the money.

He thinks its money the money is just N615k.

Illiteracy is killing this country.

Let me break it down a little.

The general managers of a company is getting a pay of 500k
Now you have inccreased the salary of the cleaner and security guard to 615k, will the GMs salary remain at N500k?
The increament will now be by percentage, now the company has to look at the percentage increase from the securitys old 40k to the new 615k that same percentage will be applied to GM.

Now op and his fellows are not retarded, how will someone who has saved or taken a loan of 5m to start a business pay even the cleaner N615k because 615k for just 2 months has taken 1.3m out of the loan of 5m.....


Una see say all of una stupid?

No government, union, group, citizens that mean well for their country will suggest this wickedness.

You want a better economy, but you want to destroy SMEs and render many jobless...

Conpanies will simply layoff alot of people, and increase the price of the goods and services, at the end of the day you will have more jobless people on the streets and more expensive goods in the market.

Is government going to pay my childrens driver, is the government gonna pay, my farm hands, security? I am talking about the lowest,
If i am spending N5m on salaries right now do you think my goods and services will remain at the same price the same price after spending N50m on salaries.


Una go buy purewater 1k, when the pure water company spends N3.1 million on just 5 drivers as against the N500k it was spending previously.

Mumu adults thinking life is a fairy tale

Simple!

Exousiang01:
Are you minding the illiterates.....

They will buy a sachet of water for 1k

Lol. Exactly

The thing is that most of the people saying federal government should fix it at 615k are not considering the organised private sector and the medium scale business owners. There will be massive job losses and even many private companies will not comply. This is in addition to inflation that it will most definitely aggravate.

We should be more focused on fiscal policies that will increase the purchasing power of the naira.

owem19:
Na next week be your burial

Okay, we shall see who will die first between me and your useless parents

damosade:
What is the meaning of story story..

Please ignore the toddler. He is seeking attention. Don't honour him with one.

owem19:
You go soon die.bastrd

Your crippled father and your disease ravaged mother go die this month.

owem19:
Pig,a Fool at 40 a Fool forever

Let me know when you get cured of your madness. You can keep barking till then. Meanwhile you father is a fool at 70. A cursed pig that birthed a dirty swine as you

owem19:
Wooh unto you caused bacteria, you need Obi bitters bastrd

Your lunatic father at home needs flogging

This is a great initiative that will help reduce crime and properly regulate the activities of the POS operators in Nigeria.

We are offering a massive discount on business registrations for POS operators cluster group of 40 persons and above.

Check my signature for more details

CAC registration: Police to go after illegal PoS operators
9th May 2024

The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims.

It also vowed that security agencies would go after PoS operators who fail to comply with the directive to register with the Corporate Affairs Commission after July 7, 2024.

The Registrar-General, CAC, Hussaini Magaji, disclosed this at the formal launch of the CAC registration of agents and merchants of fintechs on Wednesday in Abuja.

The event also marked the unveiling of a 24-hour service centre to help prospective applicants get a prompt response to enquiries and approvals.

The government had through the commission on Monday issued a two-month registration deadline for PoS operators to register as corporate bodies with the commission in line with the legal requirements and directives of the Central Bank of Nigeria.

The action 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 aims to safeguard businesses and strengthen the economy.

It also came against the backdrop of frequent fraud incidents involving PoS terminals and plans to stop trading in cryptocurrency or any virtual currency by the Central Bank of Nigeria.

PoS terminals accounted for 26.37 per cent of fraud incidents in 2023, according to a fraud report by the Nigeria Inter-Bank Settlement System Plc.

Last week, the CBN stopped major fintech firms like Kuda, Opay, PalmPay and Moniepoint from onboarding new customers. The fintech firms later warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities.

Speaking at the event, Hussaini reiterated the government’s resolve to fully implement the mandate by providing a fully digitised service centre for easy registration.

He emphasised that the registration process aligns with both legal requirements and the directives of the CBN mandating individual, merchant or business entities to be captured in its database.

He further warned that the 60-day deadline would not be extended while stressing that defaulters would receive adequate punishments after the deadline.

He said, “We have launched a 24-hour service centre to accommodate enquiries from Point of Sales operators and agents who may want to register as directed by the new policy. The secretariat is filled with staff members who have the responsibility of availability, and some are being saddled with the responsibility of approving requests. We have equipped the secretariat with the necessary facilities.

“This is to show you how the government is taking this issue seriously and the centre will be open for a 24-hour service. It will be open for compliance and any feedback from the public especially PoS operators who have been mandated to register their businesses with the commission.”

He added, “We have trained our staff to accommodate these activities and these staff can work from home and that’s why we said 24-hour service. We have equipped them with facilities and they can work from home for approvals and availability segment. The deadline remains 60 days and it will end July 7th.”

The CAC boss further stated that the timeline was not intended to target specific groups or individuals but genuinely aimed at safeguarding businesses.

The CAC boss explained, “Of course, the mandatory registration will reduce crime and fraudulent practices, the commission is hosting data and if any crime is committed anywhere, the security agencies would have to reach us to know the people behind the company and the fraudsters. But if they are not registered, we can’t do anything and that’s the essence of the registration.

“We have had a situation where a ransom is being paid with a PoS terminal and a lot of fraud but after the registration, if anything happens we can provide the details of the persons behind the company to the government. We will capture the picture and other relevant information and this is a good development for the country.”

He stressed that “after the deadline, we would go after defaulters, If you have been identified as a criminal, security agents will go after you, we will go after them because some are being chased by the security agencies already.”

He elaborated on the benefits of registration, emphasising that it goes beyond taxation to encompass access to loans, legality, and compliance with regulatory requirements.

“The law has stated that for any person to carry out business activity in the country, your business must be legitimate and for your business to be legitimate you must register, either you are doing your business as an individual or as an agent, you must register with us.

Meanwhile, PoS agents have reacted to the order asking them to register with the CAC.

While some agents agreed with the CBN, many said it would place more burden on the operators, especially those in rural communities.

The National President of the Association of Mobile Money and Bank Agents in Nigeria, Sarafa Fasasi, in a reaction on his handles, said the directive was confusing.

“The memo got me confused because the current CBN agent banking regulations allow individuals to be onboarded as agents under the sub-agent category. Currently, Nigeria has over 1.9 million agents of which over 70 per cent are sub-agents without registered businesses, operating under an agent network – super agent arrangements. They are the most penetrating channel of financial inclusion. Now, we want to eliminate them with CAC registration?” he queried.

Fasasi noted that the nation should be able to achieve payment security without reversing the 74 per cent financial inclusion rate.

He posited, “On the suspension of top service providers, majorly non-banks like Opay, Palmpay, Moniepoint, Kuda bank and others from account creation due to alleged foreign exchange and crypto transactions; it would be recalled that before Binance controversies, FX/crypto transactions, at one point or the other, terminated in several accounts or wallets, across all service providers, bank and non-banks. So, all service providers may be guilty and should be suspended to be fair.

“I cannot imagine suspending all commercial banks from opening new bank accounts because of pre-regulation transactions.”

In a similar vein, a Point-of-Sale agent, Ogunfowokan Temitope, located in the Ilasa area of Surulere, Lagos State, said the move was unfair against the agents.

“Most agents do not see this business as an entity, however, rendering financial services can be very sensitive, as the government wants to be involved. The market is already saturated and fraudulent transactions are rarely traced due to the inadequate KYC rule and a lack of proper documentation.

“In addition, the notice is sudden, and the time frame given is short because it is a project that should last for the rest of the year. The rush would lead to a slowdown in the commission’s system, hence resulting in delays,” Shobowale added.

According to the Nigeria Inter-Bank Settlement System, there are over 1.9 million PoS terminals deployed by merchants and individuals nationwide.
She said, “It is not fair because most of the PoS agents only have a small amount of money. Some even borrowed money to start a business. These set of people, how are they going to cope, and do you know how much it costs to register a business now?”

However, the immediate past president of the association, Victor Olojo, backed the move by the CBN, stating that it was the measure needed for standardisation and enhanced security.

He said, “Because it is a financial matter, the CBN needs to ensure the financial system is well galvanised. Today we see people hawking and handling PoS terminals, who should not even have any business handling.

“Also, this move would weed them off, and enable those with capacity to focus on the business, hence Nigeria being better served.”

He noted that it is a plus for the CAC, adding that millions of unregistered PoS agents are adequately regularised.

“We would begin to have a unique business identity or identifier generated for a specific PoS agent. This means that all PoS accounts opened would now have the proper Know-Your-Customer tier 3 standard where you have all the needed verifications plugged into your account.

“That way, if there are any issues, the PoS agent can be easily traced and arrested, therefore curbing fraudulent practices by agents,” he added.

Corroborating Olojo’s position, a PoS agent located in the Berger area of Lagos State, Sunday Samuel, said the move was laudable as it aimed to standardise the businesses of agents.

He said, “The move is going to help the agents to make their businesses more standardised, however, it is not everybody that would understand it from this perspective.

“There are agents in the rural areas that are not aware of what the Corporate Affairs Commission is all about nor the importance. So, they might find it difficult, and it takes a lot of stress going through the registration procedure. However, looking at it in a normal way, having one’s business registered is a good move”.

Meanwhile, another agent located in the Mowe-Ibafo area of Ogun State, Taiwo Shobowale, argued that the new directive would affect the operators because most of them are not oriented on what it means to be registered with the CAC, adding that these agents take it as a daily source of income.

“Most agents do not see this business as an entity, however, rendering financial services can be very sensitive, as the government wants to be involved. The market is already saturated and fraudulent transactions are rarely traced due to the inadequate KYC rule and a lack of proper documentation.

“In addition, the notice is sudden, and the time frame given is short because it is a project that should last for the rest of the year. The rush would lead to a slowdown in the commission’s system, hence resulting in delays,” Shobowale added.

According to the Nigeria Inter-Bank Settlement System, there are over 1.9 million PoS terminals deployed by merchants and individuals nationwide.

https://punchng.com/cac-registration-police-to-go-after-illegal-pos-operators/?amp

Available

Good morning

Jostoman:
Story Story.

Okay. It's not like you can afford a business registration anyways

owem19:
Stfu

tell that to your crippled dunce of a father who raised a pig like you