CAC to Monitor Opay, Moniepoint, and Report Fintechs to CBN
The Corporate Affairs Commission (CAC) has issued a caution that it may place prominent fintech entities, such as Opay and Moniepoint, under surveillance for allegedly facilitating the operations of unregistered Point of Sale (POS) agents nationwide. The commission stated that any fintech organization found to be aiding the activities of these unregistered POS representatives will…