SEC to Intensify Efforts Against Ponzi Schemes
…Focus on Market Integrity in 2025
By Patience Ikpeme
The Securities and Exchange Commission (SEC) has vowed to intensify its efforts to combat Ponzi and pyramid schemes while fostering a more inclusive and investor-friendly capital market in 2025.
In a New Year message to the capital market community, SEC Director General, Dr. Emomotimi Agama, outlined the Commission’s key priorities for the year, emphasizing a focus on market integrity, investor confidence, and economic growth.
“The SEC is positioned with a dual mandate in regulating and developing the capital market in Nigeria,” Dr. Agama stated. “For us, mainstreaming the Nigerian Capital Market into the economy is very vital.”
To achieve this, the SEC will revamp investigative processes to hold bad actors accountable and strengthen measures to combat insider trading; introduce measures to enhance transparency and build trust in securities transactions; improve the efficiency and effectiveness of the Investment and Securities Tribunal (IST) in resolving market disputes and strengthen the legal and regulatory framework to support the growth of the commodities market, leveraging Nigeria’s abundant natural resources.
Dr. Agama emphasized the importance of collaboration with all stakeholders in achieving these goals. “Together, we can unlock the potentials of the Nigerian capital market and make this a defining year for our economy,” he said.
The SEC’s focus on combating fraudulent activities and fostering a more inclusive and investor-friendly market environment is crucial for the sustainable growth of the Nigerian capital market. By strengthening its regulatory framework and enhancing investor protection, the SEC aims to build a more robust and resilient market that contributes significantly to economic development.
