SEC has emphasised that accountability and transparency are critical tools for strengthening investors’ confidence in Nigeria’s capital market
He called for the deployment of tools like credit enhancements to de-risk early-stage climate investments.
Mr Agama said the commission, between January and December 2024, had approved N3.68 trillion in new issues.
According to him, the commission had a three-pronged approach to regulating innovation.
SEC stated that Tofro’s operations exhibited the typical indicators of a fraudulent Ponzi scheme.
Emomotimi Agama, the director-general of SEC, said the move was to educate people on the dangers of Ponzi schemes.
According to Mr Agama, the recently enacted Investments and Securities Act (ISA) 2025 targets unregistered investment scheme promoters.
He said the inclusion of digital assets in the ISA 2025 provided the country with an avenue to exit the grey list.
Mr Agama said in a statement on Tuesday that the new act would strengthen the legal framework governing Nigeria’s capital market.
The director-general said the SEC was committed to ensuring all market participants understood the commission’s responsibilities.
