Abuja, March 23, 2025 (Naija247news) – The Securities and Exchange Commission (SEC) has issued a stern warning to capital market operators engaging in fraudulent activities, emphasizing that violators will face severe consequences.
Thank you for reading this post, don't forget to subscribe!Dr. Emomotimi Agama, the Director-General of SEC, made this declaration in a notice to market operators, stressing that investor protection remains a core mandate of the commission.
Zero Tolerance for Fraudulent Practices
Agama reaffirmed that under the Investments and Securities Act (ISA) 2007, SEC has the authority to sanction and expose operators who violate ethical and regulatory standards.
“If you do what is not right, SEC will bring you out to the wall to say that you do not have character,” Agama warned, highlighting that only “fit and proper persons” would be allowed to operate in Nigeria’s capital market.
He further stated that the recent revocation of licenses, suspension of operators, and crackdowns on unregistered entities are just the beginning of the SEC’s broader efforts to sanitize the market in 2025.
Investor Protection is Key
The SEC boss emphasized that a protected investor is a powerful investor, and the commission will use all legal means to deter fraudsters.
“There is no hiding place anymore for anyone intending to defraud Nigerian investors. Compliance and transparency are non-negotiable,” he added.
Agama called on all market participants to work closely with SEC to foster a transparent and robust capital market.
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