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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ORJI KALU: EFCC SET FOR FRESH, IMMEDIATE RE-TRIAL.{PHOTO}.#PRESS RELEASE.

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     The attention of the Economic And Financial Crimes Commission, EFCC, has been drawn to the judgment of the Supreme Court nullifying the trial of a former governor of Abia State, Orji Kalu , his firm, Slok Nigeria Limited and Jones Udeogu, a former Director of Finance and Account of Abia State Government and ordering their fresh trial at the lower court.
The apex court based its verdict on the grounds that Justice Mohammed Idris, who convicted Kalu and others had been elevated to the Court of Appeal before the judgment and returned to the lower court to deliver the judgment which it considered as illegal.
The EFCC considers the judgment of the apex court as quite unfortunate . It is a technical ambush against the trial of the former governor. The Commission is prepared for a fresh and immediate trial of the case because its evidences against Kalu and others are overwhelming.
The corruption charges against Kalu still subsist because the Supreme Court did not acquit him of them. The entire prosecutorial machinery of the EFCC would be launched in a fresh trial where justice is bound to be served in due course.
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