SEC Pledges Tough Action Against Ponzi Scheme Operators in 2025
The Securities and Exchange Commission (SEC) of Nigeria has pledged to take a firm stance against Ponzi scheme operators and other “bad operators” in the country’s capital market. In his New Year message to the capital market community, Dr. Emomotimi Agama, the Director General of SEC, outlined the commission’s plans for 2025, focusing on strengthening regulatory efforts and protecting investors.
Dr. Agama emphasized that one of SEC’s main priorities this year would be to enhance its regulatory framework to combat fraudulent activities and hold bad actors accountable. “Enforcement is the backbone of effective regulation,” Agama stated, adding that SEC is revamping its investigative processes to improve efficiency in dealing with violators.
As part of its broader goal to foster a more transparent market, the SEC plans to introduce new measures aimed at increasing visibility and trust in securities transactions. Agama stressed that mainstreaming the Nigerian capital market into the economy is crucial for its growth and stability.
SEC’s efforts come at a time when Nigerians have collectively lost over N92 billion to Ponzi schemes and other fraudulent financial activities between 2023 and 2024 alone. The commission’s renewed focus on enforcement and transparency aims to rebuild investor confidence and ensure a more secure capital market environment in 2025.
