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Wills Smart Group Ltd: Government Regulations and Permits in Nigeria

Wills Smart Group Ltd is a distinguished corporate entity operating within Nigeria, committed to maintaining strict compliance with the regulations and standards set forth by various government regulatory bodies. Our subsidiaries, including Wills Smart VoIP Ltd, Wills Smart VBank, and Wills Smart CS10, are authorized by the relevant authorities to provide innovative services in their respective domains. Here's an overview of our regulatory approvals and permits:

Corporate Affairs Commission (CAC)

Wills Smart Group Ltd is duly registered with the Corporate Affairs Commission, affirming our legal status and commitment to operating as a legitimate business entity.

Nigeria Communication Commission (NCC)

Our subsidiary, Wills Smart VoIP Ltd, has been granted a license by the Nigeria Communication Commission (NCC), endorsing our authority to provide Voice over Internet Protocol (VoIP) services.

Central Bank of Nigeria (CBN)

Wills Smart VBank operates under an e-2-e International Money Transfer Operator (IMTO) license granted by the Central Bank of Nigeria (CBN). This license empowers us to facilitate secure electronic fund transfers.

Currently, we are in the process of obtaining a Payment Service Solution Provider (PSSP) license from the CBN. This license will further enable us to provide comprehensive payment solutions.

Nigeria Interbank Settlement System (NIBSS)

Our Wills Smart CS10 POS device has received certification from the Nigeria Interbank Settlement System (NIBSS), demonstrating its adherence to industry standards and security protocols.

Xpress Payment Solutions Ltd

Our Wills Smart CS10 POS device operates under the license of Xpress Payment Solutions Ltd, reinforcing the reliability and legitimacy of our point-of-sale services.


All entities under the Wills Smart Group Ltd umbrella are licensed by the Economic and Financial Crimes Commission (EFCC) through it department of Special Control Unit against Money Laundering (SCUML), underscoring our commitment to combating financial crimes.

Other Regulatory Approvals:

  • National Information Technology Development Agency (NITDA)
  • Industrial Training Fund (ITF)
  • Nigeria Social Insurance Trust Fund (NSITF)
  • Bureau of Public Procurement (BPP)
  • Computer Professionals Registration Council of Nigeria (CPN)
  • Council for the Regulation of Engineering in Nigeria (COREN)
  • National Pension Commission (PENCOM)
  • Tax Clearance Certificate by Federal Inland Revenue Service (FIRS)
  • Technical Certification by FIRS (TC)

Through rigorous compliance with these esteemed regulatory bodies, Wills Smart Group Ltd and its subsidiaries uphold the highest standards of integrity, security, and professionalism in the delivery of our services. We are dedicated to providing innovative solutions that contribute to the growth and development of Nigeria’s economic landscape, while ensuring transparency and accountability in all our operations.

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