The Securities and Exchange Commission (SEC) has reaffirmed its commitment to eliminating Ponzi and pyramid schemes in Nigeria, aiming to create a conducive environment for legitimate investments to flourish in 2025.
In a New Year address to the capital market community, SEC’s Director-General, Emomotimi Agama, outlined the commission’s strategic focus for the year.
He emphasised that protecting investors and restoring trust in the capital market remain central to SEC’s mission.
He said: “Enforcement is the backbone of effective regulation. We are revamping our investigative processes to enhance efficiency and hold bad actors accountable more decisively. Insider trading undermines activities and dampens market fairness. By revising our regulatory framework, we aim to strengthen detection, prevention, and accountability mechanisms.”
Agama highlighted the commission’s multi-pronged approach to tackle fraudulent schemes, which have been a persistent threat to investor confidence.
According to him, SEC will prioritise enforcement actions, enhance market transparency, and revitalise the Investments and Securities Tribunal (IST) for more efficient resolution of disputes.
“Transparency is at the heart of investor confidence and capital markets. We will introduce measures to ensure greater visibility and trust in securities transactions,” he said.
