₦airaland Forum

Raxxye:
This is how you guys support repressive, anti-people policies of this heartless administration.
19,00 Naira just for pos terminal registration with CAC and you think it's all good!

Bordey:
Always making policies that will frustrate the poor.

ElevationD:
Ok.

Does CAC have the power to make such pronouncement? How would CAC find out those who have complied with the requirement recently demanded by government? I thought the job of CAC is to register business names. Is it not the job of the law enforcement agents to arrest and prosecute those who have failed to comply? Will CAC hit the streets to arrest and prosecute those who failed to register?

And by the way, what would happen to operators in the remote communities, or those who are in areas that are difficult to access by roads?

Is registration free of charge for them? Or has CAC given incentives like reduction of the registration fee for POS operators who have so far not complied?

ElevationD:
Ok.

Does CAC have the power to make such pronouncement? How would CAC find out those who have complied with the requirement recently demanded by government? I thought the job of CAC is to register business names. Is it not the job of the law enforcement agents to arrest and prosecute those who have failed to comply? Will CAC hit the streets to arrest and prosecute those who failed to register?

And by the way, what would happen to operators in the remote communities, or those who are in areas that are difficult to access by roads?

Is registration free of charge for them? Or has CAC given incentives like reduction of the registration fee for POS operators who have so far not complied?

wildernessVoice:
This your questions get as e be.
The exercise is important to curb criminals using POS for robbery.
Any collaboration is welcome please

unikazzy:
Do It Yourself USE THE LINK BELOW

https://pre.cac.gov.ng/home

wildernessVoice:
This your questions get as e be.
The exercise is important to curb criminals using POS for robbery.
Any collaboration is welcome please

Raxxye:
All this useless Tinubu's APC government does to Nigerians is impose more tax burdens so that Tinubu, his wife, his son and their cronies would have enough to loot!

Do you know that the government is charging 19,000 Naira for each pos terminal registration with the CAC? Multiply that amount by the number of pos terminals in use in Nigeria!

He is not concerned about the hardship and hunger in the land; he is out to tax Nigerians even for the air they breathe!

Meerahbel:
You can do it yourself or I can help you register it. If it's the latter please drop your email address

Chisave:
To me I don't really think it is about security, because all bank accounts with either commercial bank, MFB or mobile money are already linked with eith BVN or NIN {meaning it is onwed by a known individual}. so if fraud is being carried out with an unlinked account, then the financial institution that allowed unlinked account should be held responsible.

Elsewhere, all the recent ponzi schemes that scammed Nigerians all had CAC registrations but they still succeeded

I think it is more about revenue generation. Statistics has it that we have above 2 million POS right now, that is N20bn in registration and future annual filing and tax filing.

But it is all good shaa. At least it will give ones business a good look

Kenmatt:
What are you telling me?

The sole aim of the government wanting these people to get registered properly is to enable government to press their necks with tax properly.

That is all what this government knows how to do very well.

Tinubu's government is government of the people, by the elites and for the elites.

President Tinubu, please let the poor breath.

ElevationD:
Ok.

Does CAC have the power to make such pronouncement? How would CAC find out those who have complied with the requirement recently demanded by government? I thought the job of CAC is to register business names. Is it not the job of the law enforcement agents to arrest and prosecute those who have failed to comply? Will CAC hit the streets to arrest and prosecute those who failed to register?

And by the way, what would happen to operators in the remote communities, or those who are in areas that are difficult to access by roads?

Is registration free of charge for them? Or has CAC given incentives like reduction of the registration fee for POS operators who have so far not complied?

onatisi:
They should just mandate the banks or companies giving out the pos machines to make sure they register anyone they are giving the machines too with CAC. This will take the burden off the people and help those in remote areas. So when you are getting the machine ,the operator will be taking your details down and they will do the registration for you

tunwumi:
Well the first mistake most Nigerian make is to forget that we have laws in Nigeria. CAC doesn't need to move a muscle all they need to do is to advise CBN. And with the digital world we are now, it becomes more simple as your wallet provider can just lock up your money and the devise. The crime is unregistered business which is tantamount to tax evasion as you can't remit taxes (WTH, VAT CIT etc) when unregistered.

To the issue of remote villages, the law is sacrosanct what ever made the POS to work in the villages also made Internet available there to register online for CAC so remoteness is not an excuse.

Fees are standard. It take money to make money your call cost remain the same urban or rural location.

regenerateman:
Your statistics may not be correct, hence some people have up to 2 or more terminals. Such people need only one CAC certificate. Secondly, it's not the whole of N19,000 or N19,500 that goes to CAC. It's a fraction of the amount . Moniepoint, Palmpay and Opay that are helping their agents to register will take a fraction of the amount as processing fee.

condensedmilk:
How can one register a business name in Abuja?

ElevationD:
Ok.

Does CAC have the power to make such pronouncement? How would CAC find out those who have complied with the requirement recently demanded by government? I thought the job of CAC is to register business names. Is it not the job of the law enforcement agents to arrest and prosecute those who have failed to comply? Will CAC hit the streets to arrest and prosecute those who failed to register?

And by the way, what would happen to operators in the remote communities, or those who are in areas that are difficult to access by roads?

Is registration free of charge for them? Or has CAC given incentives like reduction of the registration fee for POS operators who have so far not complied?

Raxxye:
All this useless Tinubu's APC government does to Nigerians is impose more tax burdens so that Tinubu, his wife, his son and their cronies would have enough to loot!

Do you know that the government is charging 19,000 Naira for each pos terminal registration with the CAC? Multiply that amount by the number of pos terminals in use in Nigeria!

He is not concerned about the hardship and hunger in the land; he is out to tax Nigerians even for the air they breathe!

wildernessVoice:
This your questions get as e be.
The exercise is important to curb criminals using POS for robbery.
Any collaboration is welcome please

shankara7:
One query will humble you soon..