SEC Pledges Intensified Crackdown On Ponzi Schemes In 2025
The Securities and Exchange Commission (SEC) has reiterated its commitment to safeguarding investors, announcing plans to intensify its crackdown on Ponzi and pyramid schemes while fostering legitimate investment opportunities in 2025.
In a New Year message to the capital market community, SEC Director-General Dr. Emomotimi Agama outlined the Commission’s priorities for the year, emphasizing the importance of market integrity, investor confidence, and economic growth.
Agama highlighted the SEC’s dual mandate of regulating and developing the Nigerian capital market, stating that integrating the market into the broader economy remains a vital goal.
“Enforcement is the backbone of effective regulation. We are revamping our investigative processes to enhance efficiency and hold bad actors accountable more decisively,” Agama said, adding that combating insider trading and enhancing transparency in securities transactions will be key areas of focus.
The SEC is also enhancing the operations of the Investments and Securities Tribunal (IST) to resolve disputes efficiently, ensuring timely and fair resolutions.
Another critical initiative for 2025 involves strengthening the legal framework of the commodities market. Agama noted that Nigeria’s agrarian economy presents significant opportunities for growth, and the SEC aims to reinforce the regulatory structures supporting the vibrant commodities ecosystem.
“This year, we will focus on creating a solid foundation for the commodities market, which is vital to Nigeria’s economy. From soft to hard commodities, the SEC will play a pivotal role in unlocking the sector’s potential,” Agama said.
The SEC’s 2025 vision includes building wealth, fostering confidence, and making a tangible difference in the lives of Nigerians. Agama urged stakeholders to collaborate in achieving these goals, emphasizing the potential of the capital market to drive national development.
“Our efforts aim to steer the capital market towards inclusive growth, ensuring that development reaches every Nigerian,” Agama concluded.
