SEC to enforce fintech regulations to safeguard investors’ funds
The Securities and Exchange Commission (SEC) has restated its commitment to investors’ protection, especially with the increasing use of fintech.
In a statement in Abuja on Sunday, its director-general, Dr Emomotimi Agama, said the commission would enforce regulations in the fintech ecosystem.
He noted that this would help to curb mismanagement of funds and align operators with existing rules.
Mr Agama said a regulatory environment that was conducive for the innovative use of technology was essential in the drive to transform the country.
According to him, it is time for fintech operators to be held to the rules of the capital market when it comes to fund-raising.
”While these trends bring new opportunities, they also come with challenges, particularly around regulation and investor protection.
”The digital age has transformed the investment landscape, offering greater accessibility, innovation, and opportunity.
”Investors must adapt to this evolving environment by embracing technology, seeking knowledge, and making responsible investment choices.
“The future of investment in Nigeria will likely be driven by the continued rise of technology, young investors, and evolving financial products,” he said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Tinubu advised me never to negotiate with criminals, Gov Ododo says
“I don’t play with criminals, and I don’t negotiate with them. I can tell you that, as far as Kogi State is concerned, we don’t have a department for ransom payment,” he said.
Heading 1
U.S. has spent $37.5 billion on Iran war: Hegseth
“The estimate we have as of today is $37.5 billion,” Mr Hegseth said.
Lagos
Slain Lagos NURTW organising secretary buried amid tears
Mr Ajiboye died days after he was attacked by gunmen.
Africa
144 refugees, migrants dead, missing off Mauritania coast: UNHCR
“The refugees and migrants were reported dead or missing after attempting the perilous sea journey from West Africa towards Europe,” the agency said.
World
U.S. govt condemns Ortega’s ban on elections in Nicaragua
Mr Rubio urged the international community to rise against Mr Ortega’s dictatorship.
World
Zelensky sacks Ukraine’s top general after firing defence minister
Mr Syrskyi’s dismissal came days after Mr Zelensky fired Ukraine’s defence minister, Mykhailo Fedorov, a decision that sparked protests across the country.
