Only 20 per cent of POS operators registered – CAC

Partners with EFCC on security and fraud concerns
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The Economic and Financial Crimes Commission (EFCC) and the Corporate Affairs Commission (CAC) have expressed concern over the growing activities of unregistered Point of Sale (POS) operators, warning that they pose significant risks to businesses, the financial system and national security.
The concern was raised on Thursday in Abuja when the Chairman of the CAC Board, Senator Ibrahim Adah, led a delegation of the commission’s management staff on a courtesy visit to the Executive Chairman of the EFCC, Mr Ola Olukoyede, at the anti-graft agency’s headquarters.
Adah discl...