The Securities and Exchange Commission has vowed to intensify efforts to stamp out Ponzi and pyramid schemes in 2025, while also focusing on developing Nigeria’s commodities market.
According to a statement on Sunday, the Director-General of the SEC, Dr Emomotimi Agama, disclosed this in a New Year message to the capital market community over the weekend, emphasising that investor protection remains a cornerstone of the Commission’s mission.
The statement read, “The Securities and Exchange Commission has emphasised that protecting investors remains a cornerstone of its mission assuring that the commission will intensify efforts to stamp out Ponzi and pyramid schemes while paving the way for legitimate investment opportunities to thrive in 2025.”
Agama expressed optimism about the opportunities ahead, noting that the SEC’s 2025 agenda will prioritise market integrity, investor confidence, and economic growth.
He reaffirmed the Commission’s dual mandate of regulating and developing the Nigerian capital market, describing the year as critical for integrating the capital market into the broader economy.
“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.,” he said in the statement.
The SEC boss highlighted enforcement as the backbone of effective regulation and outlined plans to revamp the Commission’s investigative processes to improve efficiency and decisively hold bad actors accountable.
He added that the SEC is revising its regulatory framework to tackle insider trading, enhance transparency, and build trust in securities transactions.
Agama also announced that the SEC is enhancing the operations of the Investments and Securities Tribunal to ensure timely and fair resolution of market disputes.
