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Registration Deadline Drama: CAC Pushes PoS Registration To September, Warnings Of Legal Fallout Loom
In a recent update shared on its X handle, the CAC stated that the new deadline for registration will be September 5, 2024. This extension is intended to provide ample time for all operators, especially those in remote areas with network issues, to complete their registration and continue their operations.....KINDLY READ THE FULL STORY HERE▶
The CAC also warned that operators who fail to register by the extended deadline could face serious consequences, including the potential loss of their business and prosecution for involvement in illegal activities.
CAC’s Effort to Combat Crime Through PoS Registration
Hussaini Ishaq Magaji, the Registrar General of the CAC, highlighted the government’s directive for PoS providers to register with the commission. This move is part of a broader strategy to curb criminal activities, such as kidnapping and extortion, which have increasingly involved PoS machines.
During the launch of the Fintech registration agents and merchants in Abuja, Magaji emphasized that the registration process will help track down criminals and one-chance operators who exploit PoS systems. He also noted that the CAC is enhancing its operational capabilities by training staff to be available around the clock to handle the high volume of registrations.
Magaji added that, following the new deadline, any business or individual using a PoS machine without proper registration will incur a daily fee of N200 retroactive to the date they began using the machine. He stressed that all PoS machines, including those in banks, must be registered to avoid being classified as illegal after the extended deadline.
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The Ultimate Survival Guide: Reno Omokri Claims ₦3,000 Is More Than Enough For An Average Nigerian To Live Daily!.
Nigeria’s Ambassador-designate to Mexico, Reno Omokri, has asserted that the sum of ₦3,000 is sufficient to sustain an average Nigerian for a single day. Speaking on Channels Television’s Sunday Politics while addressing international poverty metrics and the soaring cost of living, Omokri emphasized that poverty must be evaluated through the lens of local economic realities rather than blanket global standards.....KINDLY READ THE FULL STORY HERE▶
Recounting a practical market survey he conducted alongside a journalist without security details, Omokri explained that he personally inspected the prevailing market prices for essential food items such as yam, rice, maize, and various fruits. Based on those firsthand observations, he maintained that ₦3,000 provides enough purchasing power to cover daily sustenance needs for an average individual within the country.
Elaborating on his economic perspective, Omokri emphasized that poverty must always be evaluated relative to each nation’s unique economic realities and localized cost of living. He contrasted the Nigerian situation with the United States, pointing out that while ₦3,000 can cover daily requirements locally, attempting to live on an equivalent nominal value in the U.S. would constitute extreme poverty, underscoring his stance that contextual evaluation is vital.
Furthermore, the ambassador-designate critiqued the rigid application of the World Bank’s global poverty threshold—specifically the standard benchmark of living on less than $2 a day—arguing that international metrics fail to accurately reflect ground-level economic conditions in Nigeria unless adjusted for local purchasing power and actual domestic expenditures.
Nigerian dancer and entertainer Iweh Odinaka, widely known as Poco Lee, has addressed his situation following his release on bail in the United Kingdom. The Snaresbrook Crown Court had previously scheduled September 15 for the plea and trial preparation concerning his sexual offense case, which arose from his August trip to the UK for the Davido and Friends concert held at London’s Crystal Palace Bowl on August 14.....KINDLY READ THE FULL STORY HERE▶
During a video call with social commentator VeryDarkMan, Poco Lee expressed that his primary anxiety during the ordeal centered on the well-being of his associates and how his detention would affect their business operations. Asserting his innocence and purity of mind, he remarked that he was simply being himself and that God sees his heart. He noted that had he actually committed the offense, he would have felt as though he were paying for his sins, but knowing he was innocent brought him peace. He also expressed gratitude to Burna Boy, Rahman Jago, and other close associates for standing by him when others might have distanced themselves.
VeryDarkMan, who posted the video call online, commended the support shown by singers Burna Boy and Rahman Jago. In his social media caption, VeryDarkMan preemptively dismissed potential skepticism by asserting that the footage was authentic and reaffirming his own reputation for integrity.
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Dare To Excavate: NDC Fires Back, Telling Arabambi To Go Ahead And Expose Whatever Dirt He Has On Peter Obi
The Nigeria Democratic Congress (NDC) has brushed off three lawsuits filed by Labour Party chieftain Abayomi Arabambi, which aimed to secure access to the academic and National Youth Service Corps (NYSC) documents of the party’s presidential candidate, Peter Obi.....KINDLY READ THE FULL STORY HERE▶
Arabambi had initiated the legal actions against the West African Examinations Council (WAEC), the University of Nigeria, Nsukka (UNN), and the NYSC regarding Obi’s credentials. In an interview with Punch, NDC National Publicity Secretary Osa Director asserted that Obi’s academic background is entirely verifiable and challenged Arabambi to bring forward any contradictory proof. Osa pointed out that Arabambi had previously admitted he wasn’t questioning the authenticity of the certificates, questioning the rationale behind his legal pursuit and suggesting the institutions likely dismissed the demands as frivolous.
While noting that Arabambi is fully entitled to pursue legal avenues as part of his constitutional rights, the NDC spokesperson maintained that Obi possesses nothing to conceal and has consistently welcomed public verification. Director also criticized the media and political sphere for fixating on the controversy, urging a shift in focus toward critical national priorities like economic reform and escalating security threats. As of the report, no hearing dates had been scheduled for the three lawsuits.
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