A.C.L Ugege & Co

24/05/2026

24/05/2026

10 NEW CBN RULES EVERY POS OPERATOR SHOULD KNOW

"Abeg, na only POS business I dey do."😄

Yes, but there are now stricter rules guiding Point of Sale (POS) operations in Nigeria.

The Central Bank of Nigeria (CBN) has introduced new guidelines for POS agents to reduce fraud and regulate the system better.

Here are 10 important things every POS operator should know:

1. A POS operator can now work with only one bank or fintech company like Opay, Moniepoint, Palmpay etc.

2. All POS transactions must pass through the approved POS account.

3.There are now limits on how much money customers can withdraw or transfer.

4. Persons with criminal records or blacklisted BVNs may not operate PoS businesses.

5. POS machines must remain at the approved business location.

6. POS operators must attend training regularly.

7. Customers must receive receipts and know the charges before payment.

8. POS transactions will now be monitored by regulators.

9. You cannot change your POS shop location without approval.

10. Breaking these rules may lead to fines, suspension, or loss of licence.

POS business is no longer seen as "just ordinary cash withdrawal business." It is now strictly regulated, and operators are also required to have their business registered with Corporate Affairs Commission (CAC).

These guidelines are necessary to protect both the operators and the customers and ultimately to reduce POS-related frauds or scams.

Stay informed.
Stay protected.
Stay Legally Wise.

© Naomi Umeje, Esq.
The Legal Sentinel.

24/05/2026

The gap between how intelligent you are and how intelligent people think you are is almost entirely a gap in clarity. Associate Professor Ruth Karachi Benson Oji breaks down exactly how to tell the difference.

Read more in the comments.

24/05/2026

CAN A FATHER BYPASS HIS ELDEST SON IN INHERITANCE (CASE STUDY OF BINI & IGBO CUSTOMS)

A father cannot ordinarily bypass the eldest son and give the Igiogbe (Under Benin Custom) or Obi (Igbo Custom) to another son simply because he is angry with the eldest son or considers him stubborn.

Only very serious circumstances recognized under Benin or Igbo customary law may justify depriving the eldest son of the Igiogbe/Obi, and such a decision can still be challenged in court.

Under the Bini customary law in Edo State, the Igiogbe is the house where the father lived and died, and it traditionally devolves on the eldest surviving son.

Under some Igbo customs, the Obi is the ancestral home or symbolic family seat which is traditionally inherited by the first son and that right is usually tied to custom.

In many traditions, the Igiogbe/Obi is not treated like ordinary property; it carries spiritual and ancestral significance. That is why disputes over it are often intense.

The position is however not always absolute because if the first son is considered to have seriously misbehaved, abandoned the family, disrespected the father, committed grave misconduct, or failed in his traditional responsibilities, some customs may allow the father or family to transfer the Obi to another son.

But this depends heavily on:
* The particular customary law of the community
* Whether the custom permits disinheritance
* The seriousness of the misconduct
* Whether the father acted during his lifetime
* Whether the decision was accepted by the wider family or kindred.

If the matter goes to court, the court may ask these questions:

* Is there a valid custom allowing the father to bypass the first son?
* Was the first son truly disqualified under that custom?
* Was the decision made properly and openly?
* Was the Obi family property or the father’s personal property?

A Benin man generally cannot freely will the Igiogbe away to another person in a manner contrary to Benin customary law.

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