NewStats: 3,265,533 , 8,187,120 topics. Date: Sunday, 15 June 2025 at 03:56 PM l5qx

Emomotimi Agama, the director-general (DG) of the Securities and Exchange Commission (SEC), says the regulator’s top priority for 2025 is to revamp regulations on investment fraud, also known as ponzi scheme, to enhance detection and ability.

In his new year message to the capital market over the weekend, Agama said the commission’s plans for the year also include mainstreaming the Nigerian capital market into the economy.

“The SEC is positioned with a dual mandate in regulating and developing the capital market in Nigeria. 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,” he said.

“Enforcement is the backbone of effective regulation. We are revamping our investigative processes to enhance efficiency and hold bad actors able more decisively.

“Insider trading undermines activities and dampens market fairness. By revising our regulatory framework, we aim to strengthen detection, prevention, and ability 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.”

Agama also said the commodities market is a major area of interest for the SEC.

“Nigeria is purely an agrarian nation and as such, taking that comparative advantage to the next level, is something that the SEC is proud to be a part of,” he said.

“It is a vital part of the Nigeria economy. This year, we will focus on reinforcing the legal and regulatory structures that growth so we can create a solid foundation for the vibrant commodities ecosystem. Be it a soft commodity or a hard commodity.

“More so, when we have a plethora of commodities all over Nigeria. The SEC as a partner in development will make sure that we will make the difference.”

The DG added that the commission intends to steer the capital market towards a direction that ensures development reaches every Nigerian in the capital market community.

https://www.thecable.ng/well-intensify-clampdown-on-ponzi-schemes-in-2025-says-sec-dg/

We'll not take you guys seriously until you bring Maxwell Odum of MBA Forex to book.

ijustdey:



https://www.thecable.ng/well-intensify-clampdown-on-ponzi-schemes-in-2025-says-sec-dg/

Better please do that as fast as possible.

Good to know.

There's another one in town.... All dis betting agencies hire so called punters to drop fake games, I pray all of them are arrested this year... Dem plenty for twitter

Also all dis yeye banks deductions per month...

Clamp down on fraudulent financial institutions that are endangering customers funds and ripping them off with upgrades.

OK


Princess Faith Chukwu

with all the ponzi schemes around including churches, are these people still at the level of "we will"?

Ok

Ponzi scheme in 2025!

The SEC is one of the most useless government agency.

I emailing them about the activities of an unlicensed firm offering investment services to the public .... What did they do?

Clowns!

What really is Ponzi scheme?
Let them come up with a definition / description?

Is Referral Business Ponzi?
Network Marketing?
Have people reported to them about being scammed by a platform?
Tobacco?
Alcohol?
Betting?
Our politics?
Banks?
Insurance?
Telecoms?
NEPA?
Oil and Gas sector?
Etc
Which is Ponzi?

We are being scammed left, right and centre! Aren't we? Now we leave leprosy and start running after ringworm...!

lol they will only clamp down on the ones that don’t settle with oga at the top, Anything is legal in nigeria as far as say you settle oga at the top.

Always barking but no bites, where is SEC when MBA Forex, Chinmark and co were swindling people? Even now, start with banks and see to illegal deductions and failed transactions; down to all these unregulated/shady online platforms.

I HAVE NEVER HEARD OF A "PONZI" SCAMMER ARRESTED IN NIGERIA, NEVER!!

Ok.
What of those that sends signal for trading

treasurenat:
See you.how many companies you created for unemployed graduates.
Our politicians can steal huge amount of naira and change it to dollars for increment,this one is also Ponzi scheme .
You cannot close down the one am doing is British E commerce.I got the same amount of my salary every week.
Glory be to God for giving me grace to get it , after many years of losing money on bet.
It is a trusted and legit British E commerce since 2011.
If you need you can message me

more details please

That means even oga at d top everyone will go.
Secondly create job opportunities massively for our youths, ponzi will die naturally
Thirdly our youths shud massively go into agriculture. Modern mechanized agriculture. Green house farming, pig, poultry, goat and cattle ranching.
Fourth, yahoo boys and other with unquestionable wealth shud be seriously frowned at.
..... But this is Nigeria, we can only dream

Lol some don go Crypto already so how did u want to run it....


Most of the Ponzi scheme owner na Crypto or Web3 or Mining in disguise Dem dey use....

Clamp them down because they are helping the poor masses.

Don't just clamp down. Prosecute and jail those behind it. A country that doesn't punish wrongdoings indirectly encourages it. That's how Maxwell Odum of MBA Forex scammed us of billions of naira and he is still a free man today.

Jokers!

We'll not take you guys seriously until you bring your friends Maxwell Odum of MBA Forex and Chinmark to book.

Though this guys r helping some people though few smart ones gather easy wealth. Those that invest quickly and pull out before thse ponzi guys cum

Good news

Thank God my own offer is not Ponzi scheme.

I pay for one breast while you give me the second one free to suck

Offer available to all ladies 40 years and below.

Special consideration will be given to ladies above 40 whose breasts are still standing at attention like sentry soldiers

Add loan apps to your list.

O

Good, I have bad experience with RALLY TRADE ACADEMY in Oyo state. They scammed me.

pls is Anchor real

before i invest my last 5m inside