POS AGENTS FROWN AT CAC'S REGISTRATION MANDATE, SAYS CUSTOMERS WILL PAY MORE. (PHOTO).

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 PoS agents frown at CAC’s registration mandate, says customers will pay more Some Point of Sale (PoS) agents in the FCT, have frowned at the new directive of the Corporate Affairs Commission (CAC) for them to register with the commission. The News Agency of Nigeria (NAN) reports that CAC had on Monday issued a two-month registration deadline to PoS operators to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the Central Bank of Nigeria (CBN). The agents, who spoke to NAN in Abuja on Wednesday, said the registration which would require money would impact on transaction cost paid by customers. Mr Kofi Kolawole, a PoS agent, said the registration would deplete the profits in the business. Kolawole said the registration would also discourage people from entering the business. “I know that this registration when actualised by our operators will increase the amount they charge us. “This means that the cost we charge
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EFCC ARRAIGNS FOUR OVER PONZI SCHEME.{PHOTOS}.#PRESS RELEASE.

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    The EFCC, Kano Zonal Office today, October 15, 2019, arraigned a business concern, MGB Global Markets LTD and three of the promoters: Muhammadu Garba Bichi, Iliyasu Garba and Umar Iliyasu Garba. They were arraigned before Justice O.A Egwuatu of the Federal High Court 2 Kano State on a six count charge bordering on Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
The Suspects ran into trouble after EFCC received a complaint on alleged fraudulent forex trading by MGB Global Markets Limited located at Sabo Bakin Zuwo Road Tarauni, Kano.More photos below.
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