SEC Vows Tougher Stance and Reforms Against Ponzi Schemes
The Securities and Exchange Commission (SEC) has announced its commitment to protecting investors and enhancing the thriving capital market in 2025 by taking a tougher stance on Ponzi and pyramid schemes. In a New Year message, SEC Director-General Dr. Emomotimi Agama outlined the Commission’s priorities for the year ahead, emphasizing the importance of regulation and market development.
Agama highlighted the need to mainstream the Nigerian Capital Market into the economy, calling it a vital step for market growth. He announced that enforcement will be a key strategy in 2025, stating that revamping investigative processes will ensure more efficient actions against bad actors.
To address issues like insider trading, the SEC plans to enhance detection, prevention, and accountability mechanisms by reviewing its regulatory framework. Agama stressed the importance of transparency in securities transactions, mentioning that measures will be introduced to boost visibility and trust among investors.
Additionally, the SEC is focused on improving the efficiency of the Investments and Securities Tribunal (IST) to ensure timely and fair resolution of market disputes. Agama also highlighted the development of Nigeria’s commodities market as a key area of focus for 2025, emphasizing the opportunity to leverage the nation’s agrarian economy for building a strong commodities ecosystem.
