• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Sanwo-Olu Seeks Simplified CAC Registration Ahead Of Deadline

by Ruth Nwokwu
12 months ago
in News
Sanwo-Olu
Share on WhatsAppShare on FacebookShare on XTelegram

Lagos State Governor, Mr Babajide Sanwo-Olu, has appealed to the Corporate Affairs Commission (CAC) to simplify its registration process, especially for startups and small businesses that might struggle to pay registration fees.

Advertisement

The Governor stated this on Thursday during a courtesy call on him by the Registrar-General of CAC, Mr Hussaini Magaji at Alausa in Ikeja.

LEADERSHIP recalls The Corporate Affairs Commission earlier in May, announced that PoS agents of major fintech in Nigeria including OPay, Palmpay, and Moniepoint, among others, have been given a deadline of July 7, 2024, to register their business.

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 state government’s willingness to collaborate with CAC to ensure seamless registration of businesses in the state, he emphasised the need for more sensitisation to correct the perception that registering with the CAC was difficult.

RELATED

Reform Or Retreat: A Moment For Northern States

Reform Or Retreat: A Moment For Northern States

2 hours ago
Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

2 hours ago

In his remarks, the Registrar-General said the Commission is determined to enforce compliance in the fintech industry to make sure that all PoS operators get registered.

He noted that the PoS owners could register with CAC from anywhere in the country.

He also expressed the Commission’s willingness to collaborate with the state government to allow business owners to register with CAC through the state government at a consensual rate, as part of their support for micro, small, and medium enterprises.

Meanwhile, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), had recently condemned the mandated registration, describing it as an attempt to tax more Nigerians to generate revenue for the government

The National General Secretary of the group, Oluwasegun Elegbede, in a statement, discountenanced the CAC’s claim of fighting PoS crime through registration, noting that the types of crimes being committed through PoS cannot be tackled with registration.

Although the CAC claimed it had an agreement with representatives of the PoS operators before fixing the timeline for the mandatory registration, mobile money agents in the statement said, “AMMBAN strongly disagrees with the recent directive by the Corporate Affairs Commission (CAC) that all POS agents must register with it, regardless of their status as individuals or non-individuals.

“We believe this directive is unnecessary, contradictory to existing laws, and amounts to a mere revenue generation move to further tax hapless Nigerians.

“We disagree with the CAC’s claim that it wants to fight crimes in the agency banking business space through registration. We believe that the kind of crimes in the space are both human and technical, which CAC registration cannot fight,” the group added.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: CACSanwo-Olu
SendShareTweetShare
Previous Post

Tinubu Congratulates Keir Starmer On Election Victory

Next Post

PICTORIAL: Nigerian Kingsley Ogbuji Promoted To Rank Of Major In US Army

Ruth Nwokwu

Ruth Nwokwu

You May Like

Reform Or Retreat: A Moment For Northern States
Backpage

Reform Or Retreat: A Moment For Northern States

2025/07/01
Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027
Cover Stories

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

2025/07/01
KACCIMA: Dantata Inaugurates Interim Management Committee
News

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

2025/07/01
NCAA Grounds Rano Air After Engine Failure
Cover Stories

NCAA Grounds Rano Air After Engine Failure

2025/07/01
When 2015 Returns In 2023
Cover Stories

2027: Coalition Woos Ex-President Jonathan

2025/07/01
Nigeria Is In Our DNA, Says Lucian PM
News

Nigeria Is In Our DNA, Says Lucian PM

2025/06/30
Leadership Conference advertisement

LATEST

Reform Or Retreat: A Moment For Northern States

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

NCAA Grounds Rano Air After Engine Failure

2027: Coalition Woos Ex-President Jonathan

Nigeria Is In Our DNA, Says Lucian PM

Speed Darlington Threatens NAPTIP With N2.5bn Lawsuit For Declaring Him Wanted

Pastor, Woman Stripped Naked Over Alleged Infidelity In Edo

Ex-Lawmaker Mashood Mustapha Arraigned For Alleged Defamation Of Kwara Gov

Gwarzo Hails North’s First Clinical Pharmacy Prof, Hadiza Ma’aji, On Professorial Elevation

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.