SEC Intensifies Crackdown on Ponzi Schemes in 2021
The Securities and Exchange Commission (SEC) is gearing up to crack down on Ponzi schemes in 2025, making protection of investors a top priority. Dr. Emomotimi Agama, the Director-General of SEC, shared this commitment in a recent New Year message, highlighting the Commission’s focus on market integrity, investor confidence, and economic growth.
Enforcement plays a key role in effective regulation, and SEC is revamping its investigative processes to hold bad actors more accountable. Insider trading will be addressed through regulatory framework revisions, aiming to enhance detection, prevention, and accountability mechanisms. Transparency is vital for investor confidence, with measures in place to ensure visibility and trust in securities transactions.
Resolving market disputes promptly and fairly is a priority in 2025, with enhancements to the Operations of the Investments and Securities Tribunal (IST) to improve efficiency. Strengthening the legal framework for the commodities market is also on the agenda to unlock its full potential in driving economic development.
As Nigeria is primarily an agrarian nation, the SEC sees great potential in the commodities market. By harnessing this advantage, the SEC aims to contribute to the market’s growth and the country’s economic development.
