The Federal High Court in Ikoyi, Lagos, has adjourned the case brought by the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) against the Corporate Affairs Commission (CAC) on PoS registration. The case, which was scheduled for Friday, July 5, 2024, was postponed by Justice Ogazi to October 15, 2024. In his ruling, Justice Ogaz cited the law of Karma, stating that the defendant (CAC) should have been provided a 30-day pre-action notice before the final determination of the matter. AMMBAN had filed the case demanding the reversal of the PoS registration directive issued by CAC, requiring all PoS operators to register with the Commission before July 7, 2024. The CAC has extended the deadline for PoS operators to register their businesses by sixty days, now ending on September 5, 2024. Failure to register by the new deadline may result in the loss of businesses and prosecution for aiding and abetting criminal activities. Fasasi Sarafadeen Atanda, the national president of AMMBAN, criticized the CAC's extension, stating that they are only trying to shift the post. AMMBAN's lawyer, Barrister Samuel Umesi, mentioned that the CAC has failed to appear in court three times since the matter was mentioned [21cc97f1].
This development adds to the ongoing legal battles surrounding the PoS registration directive issued by the Corporate Affairs Commission (CAC). The adjournment of the case to October 15, 2024, provides more time for the parties involved to present their arguments and for a decision to be reached. AMMBAN is seeking the reversal of the directive, while the CAC has extended the registration deadline for PoS operators. The outcome of the case will have implications for the registration requirements and the operations of PoS operators in Nigeria [21cc97f1].