SEC Cracks Down on Ponzi Schemes
The Securities and Exchange Commission (SEC) has announced its commitment to cracking down on Ponzi and pyramid schemes to create a safe environment for genuine investment opportunities to flourish in 2025. Emomotimi Agama, the Director General of SEC, emphasized the importance of protecting investors in his New Year message to the capital market community.
Agama highlighted the commission’s dual mandate of regulating and developing the capital market in Nigeria. He expressed that in 2025, their focus will be on mainstreaming the Nigerian Capital Market into the economy and strengthening enforcement to hold bad actors accountable. The commission aims to enhance market integrity, boost investor confidence, and drive economic growth through key initiatives.
Insider trading, according to Agama, undermines market fairness and transparency. Therefore, SEC will revise its regulatory framework to improve detection, prevention, and accountability mechanisms. He also mentioned the commission’s efforts to enhance the effectiveness of the Investments and Securities Tribunal in resolving market disputes efficiently and fairly.
In 2025, SEC plans to strengthen the legal framework of the commodities market to support economic development. Agama emphasized the importance of the commodities market for Nigeria, being an agrarian nation. He highlighted the commission’s commitment to reinforcing legal and regulatory structures to facilitate growth in the commodities ecosystem.
Agama encouraged stakeholders to collaborate with SEC in achieving their goals for a more inclusive and robust capital market in 2025. He emphasized the commission’s dedication to building wealth, instilling confidence, and making a positive impact on the economy. Together, SEC and stakeholders aim to steer the capital market towards a direction that ensures development reaches every Nigerian’s doorstep.
