SEC Vows to Crackdown on Ponzi Schemes
The Securities and Exchange Commission (SEC) has emphasised that protecting investors remains a cornerstone of its mission assuring that the commission will intensify efforts to stamp out Ponzi and pyramid schemes while paving the way for legitimate investment opportunities to thrive in 2025. Director General of the SEC, Dr. Emomotimi Agama who stated this in a New Year message to the capital market community at the weekend, expressed excitement about the road ahead and opportunities it holds for the capital market. He noted that this year the Commission will focus on key initiatives that aim to deepen market integrity, enhance investor confidence, and drive economic growth. According to him, “The SEC is positioned with a dual mandate in regulating and developing the capital market in Nigeria. Naturally, our top priority in 2025 will cut across the dual mandate. For us, mainstreaming the Nigerian Capital Market into the economy is very vital”. He added: “Enforcement is the backbone of effective regulation. We are revamping our investigative processes to enhance efficiency and hold bad actors accountable more decisively.
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