The director-general of the Securities and Exchange Commission (SEC), Lamido Yuguda in an interview with OLUSHOLA BELLO, says the commission is committed to deepening the commodities trading ecosystem in Nigeria.
Ponzi schemes are springing up every day. What is your Commission doing to stem the tide?
The Commission has adopted a variety of measures, including putting up the list of authorized capital market operators on our website, so that any interested investor will check on our website to confirm whether or not the scheme they intend to invest in is truly a registered operator by the SEC.
Unfortunately, many of the Ponzi schemes’ operators once they give the mouth-watering promises, they entice so many valuable investors and, in the end, money is actually lost and these investors start running to our offices to complain. The Commission is sustaining its campaign against illegal operators in the capital market, especially those…