The Securities and Exchange Commission has warned Nigerians to steer clear of unregistered investment and digital asset platforms.
Speaking on the newly signed Investments and Securities Act 2025, the SEC said any platform not registered with the Commission is illegal—and will be shut down.
The Director of Acknowledgement at the SEC, Dr. Emomotimi Agama, said the new law empowers the Commission to crack down on Ponzi schemes, fake tokens, and unregistered exchanges, while also promoting innovation in the FinTech space.
He cautioned celebrities and influencers to be mindful of their involvement with questionable digital assets and meme coins that could harm Nigerians.
Dr. Agama stressed that the SEC welcomes growth in digital finance, but only within the framework of transparency, accountability, and full compliance with the law.
The statement was signed by Efe Ebelo, the SEC’s Head of External Relations.
