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CAC Registrar Commissions registration Spot for Point of Sale (PoS) operators

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The CAC Registrar-General, Hussaini Magaji has established a facility dedicated to the collective enrollment of POS operators into its database across the country. The Registrar laid emphasis on the significance of inculcating PoS operators in the commission’s database, stressing the importance of this registration process.

Magaji mentioned that the center has all the essential amenities to function around the clock and guarantee the commission’s successful fulfillment of its objectives.

He said, “What we did was accommodate the request from the Fintechs.

“We have allowed them to integrate with the Corporate Affairs Commission; they have developed their structure, and we gave them access.

“Once they supply the necessary details for registration on their platform, the certificate is generally generated and transmitted directly to their platform without them having to contact anyone.

“We have done this to ensure that everyone gets it easy without hitches, but if they choose to apply manually, we have a secretariat open for them to do so,”

“If an incident happens and they report it to CAC, if we do not have the operator’s details, we cannot respond, and that is the essence of this registration.

“The registration ensures that every detail of the person is provided, including NIN, passport photograph and all other useful documents.

“And it is an opportunity for more people to be captured into the formal sector,”

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Rivers Crisis: Hon. Enemi George Blows Hot, Calls Governor Fubara a Small Man

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Hon. Enemi Alabo George, a member of the Rivers State House of Assembly, did not mince his words when he called out Governor Sim Fubara for his reckless and violent actions. He boldly stated, “I dare you today, Sim Fubara.

 

”You may have had the guts to break the gates of the Rivers State House of Assembly quarters and force your way in, but let me tell you, you are nothing but a small man. Your threats and harassment, shooting and inducing fear into the wives and children of Assembly members are nothing but cowardly acts.”

George went on to remind Fubara of his past misdeeds, saying, “You burnt the hallowed chambers of the House of Assembly, attacked the residence of the Speaker of the Rivers State House of Assembly, and even demolished the Rivers State House of Assembly Complex. Despite all this, we did not answer you, we thought it was just the madness of a minute. But know this, you can never break me.”

He further emphasized, “I have respected our friendship for a long time, but now, I refuse to hold back any longer. You know where I live, you know my apartment, why didn’t you come? I worked hard for you to become Governor, I even mobilized professionals from all works and corners of life to support you. But now, I will never bow to baal. You are nothing but a small man, and I will not be intimidated by you.”

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NDLEA Act: Senate Passes Bill to enforce Death Punishment for Drug Peddlers

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The Nigerian Senate has taken a significant step towards ensuring a safer and healthier society by passing a bill to amend the National Drug Law Enforcement Agency NDLEA Act. The amendment includes the imposition of capital punishment by death for those involved in drug-related crimes in Nigeria. The aim of this move is to create a drug-free environment in Nigeria and to address the issue of drug peddling among the country’s youth, which has become a major concern.

The Senate believes that this amendment will provide the necessary legal backing for NDLEA to carry out its duties effectively and also enable the prosecution of those found guilty of drug-related offences. This will go a long way in curbing the drug trafficking menace that has been a source of worry to the government and citizens alike.

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BREAKING: Reps Tells CBN to Suspend Cybercrime Levy Collection

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On Thursday, May 9th, the House of Representatives made a commendable move by ordering the Central Bank of Nigeria (CBN) to suspend the enforcement of the cybercrime levy introduced by the apex bank. This decision was made to ensure that the principles outlined in section 44(2a) of the Cybercrime Act are adhered to, and that Nigerians are not confused or misled in any way by the circular issued by the CBN.

The House of Representatives expressed their concern about the potential misunderstanding that could arise from the circular issued by the CBN, and urged the bank to retract the previous circular promptly and release a new one that aligns with the provisions of the Act.

This action was taken in response to a pressing issue raised by Minority Leader Kingsley Chinda (PDP, Rivers) on behalf of all members. The House’s decision shows their commitment to promoting fairness, transparency, and accountability in Nigeria’s financial sector.

 

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