The Securities and Exchange Commission (SEC) has reinforced its commitment to stricter regulatory enforcement, warning market operators against unethical practices.
Dr. Emomotimi Agama, SEC’s Director-General, declared that only professionals meeting high ethical and professional standards will be allowed to operate in Nigeria’s capital market.
He emphasized that recent actions, including license revocations and suspensions, are just the beginning of a broader crackdown in 2025.
“We will use every legal tool to prevent and penalize fraudulent activities. A well-protected investor is an empowered investor,” Agama stated.
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He cautioned that breaches of disclosure requirements and SEC regulations will attract severe penalties.
He also expressed anticipation for the Presidential assent to the new Investment and Securities Bill, which will grant SEC stronger enforcement powers, particularly against Ponzi schemes.
Market operators were urged to prioritize compliance and transparency to foster sustainable market growth.
