SEC DG Announces Increased Crackdown on Ponzi Schemes in 2025
The director-general of the Securities and Exchange Commission (SEC), Emomotimi Agama, has announced that the regulator’s main focus for 2025 is to strengthen regulations on investment fraud, also known as ponzi schemes, to improve detection and accountability.
In his recent message to the capital market, Agama highlighted the importance of integrating the Nigerian capital market into the economy. He emphasized that enforcing regulations is crucial for effective oversight and that the SEC is enhancing its investigative processes to hold wrongdoers accountable.
Agama also outlined efforts to address insider trading by revising regulatory frameworks to enhance detection, prevention, and accountability. Transparency in securities transactions is key to investor confidence, and measures will be introduced to ensure visibility and trust.
Furthermore, the SEC is keen on the commodities market, recognizing its significance in Nigeria’s economy. Agama stressed the importance of reinforcing legal and regulatory frameworks to support the growth of the commodities ecosystem, whether soft or hard commodities.
The ultimate goal for the SEC is to promote inclusive development in the capital market community and ensure that every Nigerian benefits from market activities. Agama highlighted the commitment of the commission to steer the market towards a direction that fosters widespread development and growth.
