SEC Intensifies Fight Against Ponzi And Pyramid Schemes In 2025

The Securities and Exchange Commission (SEC) has announced plans to ramp up efforts to eliminate Ponzi and pyramid schemes in 2025, creating a more conducive environment for legitimate investment opportunities.

Dr. Emomotimi Agama, the Director-General of the SEC, emphasized the importance of protecting investors in his New Year message to the capital market community, stating that safeguarding investors remains central to the commission’s mission.

Agama revealed that the SEC would prioritize initiatives aimed at improving market integrity, boosting investor confidence, and supporting economic growth in the coming year. He pointed out that the commission has a dual mandate to regulate and develop Nigeria’s capital market, with both aspects being crucial in 2025. He added, “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.”

The Director-General stressed that enforcement would play a key role in effective regulation. “Enforcement is the backbone of effective regulation. We are revamping our investigative processes to enhance efficiency and hold bad actors accountable more decisively,” he said. He also acknowledged that insider trading undermines market integrity and fairness, noting that the SEC would revise its regulatory framework to improve detection, prevention, and accountability.

Agama further emphasized that transparency is essential to investor confidence and the proper functioning of capital markets. He assured that measures would be introduced to ensure greater visibility and trust in securities transactions. Additionally, he highlighted efforts to enhance the functioning of the Investments and Securities Tribunal (IST), focusing on ensuring quicker and fairer resolutions to market disputes, which will improve overall efficiency in the system.

A major area of focus for the SEC in 2025 will be strengthening the legal framework of the commodities market to unlock its potential for driving economic growth. Agama stated that the commodities market is critical, particularly in an agrarian nation like Nigeria, and expressed pride in the commission’s role in advancing this sector. “More so, when we have a plethora of commodities all over Nigeria. SEC as a partner in development will make sure that we make the difference,” he affirmed.

The SEC’s plans reflect a vision for a more robust and inclusive capital market in 2025. Agama invited all stakeholders to collaborate with the SEC to achieve these goals, saying, “Together, we can unlock the potentials of the Nigerian capital market and make this a defining year for our economy.” He concluded by emphasizing the commission’s aim to steer the capital market in a direction that ensures economic development reaches every Nigerian.

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