The Securities and Exchange Commission (SEC), says it will clampdown on Ponzi schemes in the country in 2025 to enhance accountability.
Speaking in a New Year message, Director-General of SEC, Emomotimi Agama said the commission would ensure greater visibility and trust in securities transactions.
He said, “The SEC is positioned with a dual mandate in regulating and developing the capital market in Nigeria. Naturally, our top priority in 2025 will cut across the dual mandate. For us, mainstreaming the Nigerian Capital Market into the economy is very vital.”
“Enforcement is the backbone of effective regulation. We are revamping our investigative processes to enhance efficiency and hold bad actors accountable more decisively.
“Insider trading undermines activities and dampens market fairness. By revising our regulatory framework, we aim to strengthen detection, prevention, and accountability mechanisms.
“Transparency is at the heart of investor confidence and capital markets. We will introduce measures to ensure greater visibility and trust in securities transactions.”
