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SEC Pledges to Tackle Ponzi Schemes in 2025

by Adams Oma
January 6, 2025
in Business News, News
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SEC Pledges to Tackle Ponzi Schemes in 2025
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In 2025, the Nigerian Securities and Exchange Commission (SEC) intends to further its efforts to combat pyramid and Ponzi schemes to safeguard investors and encourage respectable investment options.

SEC Director General Dr. Emomotimi Agama stressed in a New Year’s speech that the commission’s goal continues to be centred on protecting investors. He listed the year’s main goals, which included promoting economic growth, increasing investor confidence, and improving market integrity.

Dr. Agama stated, “Enforcement is the backbone of effective regulation. We are revamping our investigative processes to enhance efficiency and hold bad actors accountable more decisively.”

Additionally, he emphasised the commission’s resolve to fight insider trading by updating regulatory frameworks to improve accountability, detection, and prevention systems.

To further encourage greater investor trust, the SEC also intends to increase the transparency of securities transactions.

Furthermore, by bolstering legal and regulatory frameworks and utilising Nigeria’s agrarian economy to maximise the market’s potential, the SEC seeks to grow the country’s commodities market.

These actions demonstrate the SEC’s dedication to establishing an equitable and open capital market environment in Nigeria, protecting investors from dishonest schemes and fostering the growth of respectable investment possibilities.

Tags: 2025Ponzi schemesSecurities and Exchange Commission (SEC)
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