CAC
CAC Incorporation (Ltd)
Legal & Business Benefit
Legal entity required before any licensing application can proceed.
Risk If Skipped
No license application is possible without it.
Documents & Licenses · Form CL-03
What your sector actually needs
Pick a sector — including informal categories like trading, freelancing, and commission agencies — to see exactly which documents and licenses apply, at what stage, and what each one protects you from.
Select your industry
Sector Brief: Fintech / payments4 core documents & licenses
Anything touching customer money — payments, wallets, lending, savings — sits under CBN's tiered licensing regime on top of the standard registration and tax stack.
Pre-registration
CBN
CBN License (PSSP / PSP / MFB tier, depending on model)
Legal & Business Benefit
The gate that lets banks and other licensed players integrate with you at all.
Risk If Skipped
Account freezes, forced shutdown, and personal liability for directors if you move money unlicensed.
Note: Exact tier and capital requirement depends on your specific product — confirm with CBN directly.
Visit CBN portal ↗Special Control Unit Against Money Laundering
SCUML Registration
Legal & Business Benefit
Required for AML/CFT compliance and to open certain categories of corporate bank accounts.
Risk If Skipped
Bank account restrictions and AML compliance flags.
NDPC
NDPA Compliance
Legal & Business Benefit
Protects you from breach liability on financial data, which is treated as especially sensitive.
Risk If Skipped
Fines scaling with severity, plus suspension of processing in serious cases.