SEC Crackdown on Ponzi Schemes Expected in 2025
Nigerian Capital Market into the economy is very vital,” Dr. Emomotimi Agama, the director general of the SEC, emphasized in his New Year message to the capital market community. He highlighted the commission’s commitment to protecting investors as a cornerstone of their mission, announcing plans to crack down on Ponzi and pyramid schemes to create a safer investment environment in 2025.
Dr. Agama shared that the SEC will focus on deepening market integrity, enhancing investor confidence, and driving economic growth through key initiatives. With a dual mandate in regulating and developing the capital market in Nigeria, the commission is dedicated to ensuring a fair and transparent market for all.
Enforcement, he explained, is crucial for effective regulation, and the SEC is revamping investigative processes to hold bad actors accountable more decisively. By strengthening detection, prevention, and accountability mechanisms, the commission aims to combat insider trading and promote market fairness.
Transparency, Dr. Agama stressed, is essential for investor confidence. To achieve this, measures will be introduced to ensure greater visibility and trust in securities transactions. Additionally, the SEC is focused on enhancing the operations of the Investments and Securities Tribunal (IST) to resolve market disputes efficiently and fairly, improving overall efficiency in the process.
Looking ahead, the commission’s key focus in 2025 is strengthening the legal framework of the commodities market to support economic development. Recognizing Nigeria’s position as an agrarian nation, Dr. Agama emphasized the importance of tapping into the commodities market’s potential for growth and development.
In conclusion, Dr. Agama invited stakeholders to join the SEC in unlocking the potentials of the Nigerian capital market. By working together, he believes that 2025 can be a defining year for the economy, steering the capital market towards a direction that benefits every Nigerian.
