Crackdown Coming: SEC Vows To Eradicate Ponzi Schemes In 2025

Crackdown Coming: SEC Vows To Eradicate Ponzi Schemes In 2025

The Securities and Exchange Commission (SEC) of Nigeria has vowed to take firm action against Ponzi scheme operators and other fraudulent actors within the country’s capital market. In his New Year message to the capital market…Crackdown Coming: SEC Vows To Eradicate Ponzi Schemes In 2025

community, SEC Director-General, Dr. Emomotimi Agama, assured that in 2025, the Commission would enhance its regulatory framework to address bad actors and safeguard investor interests.

Agama emphasized that the SEC’s priority in the new year would be to rebuild trust in securities transactions, noting that strong enforcement is critical to effective regulation.

He stated, “For us, integrating the Nigerian capital market into the economy is crucial. Enforcement is the backbone of effective regulation. We are overhauling our investigative processes to improve efficiency and hold wrongdoers accountable. Transparency is key to investor confidence, and we will introduce measures to ensure greater visibility and trust in market transactions.”

Reports indicate that Nigerians lost over N92 billion to Ponzi schemes and other fraudulent financial activities between 2023 and 2024 alone.

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