SEC
SEC unveils bold insurance desk, promises fast 14-Day approvals
The Securities and Exchange Commission (SEC) has unveiled a special desk to fast-track the recapitalisation process in Nigeria’s insurance industry, pledging to deliver approvals within 14 days of complete submissions. The move was announced during the 19th Insurers’ Committee meeting in Lagos, where stakeholders discussed the implementation of the newly enacted Nigerian Insurance Industry Reform […]
SEC: TCN Still Under Our Watch
The Securities and Exchange Commission (SEC) has reaffirmed its regulatory authority over Tourist Company of Nigeria Plc (TCN), declaring the company’s purported Annual General Meeting (AGM) held on July 25, 2025, illegal, invalid, and of no effect. In a strongly worded public notice issued on Monday, the SEC distanced itself from the AGM organized by […]
Punisher Coin Declared Illegal in Meme Coin Scam Alert – SEC
PUNISHER COIN (SPUN) is not approved by the Commission for public issuance, and the individuals or entities behind the coin are not licensed to operate within the Nigerian capital market The Securities and Exchange Commission (SEC) has issued a strong warning to the Nigerian public against participating in the ongoing promotion and presale of a […]
Nigerians Still Falling for Ponzi Traps – SEC
The Securities and Exchange Commission (SEC) has once again voiced serious concerns regarding the persistent enthusiasm among Nigerians for investing in Ponzi schemes, despite the wide availability of safer and regulated investment products. This worrying trend highlights the challenge of investor education and the allure of unrealistic returns that fraudulent schemes often promise. Dr. Sa’ad […]
EFCC Cracks CBEX: Cash Recovered, Arrests Made
The Economic and Financial Crimes Commission (EFCC) has confirmed significant progress in its investigation into the collapsed cryptocurrency investment platform, CryptoBank Exchange (CBEX), which defrauded thousands of Nigerians of an estimated ₦1.3 trillion. Speaking in an interview on Television Continental (TVC), EFCC Chairman Ola Olukoyede revealed that the anti-graft agency has made “reasonable arrests” and […]
Inform us of Suspected llegal investments—SEC
The SEC has issued a strong call to action to all Nigerians, urging them to report any investment plan they suspect of being illegal so that the agency can investigate and take appropriate action. The warning about the dangers of ponzi investment schemes to the growth of the capital market was published by the Commission […]
SEC warns influencers, bloggers against promoting unregistered schemes
The law also covers influencers and bloggers who promote fraudulent schemes, with clear penalties, including imprisonment. Influencers on social media and bloggers have been cautioned by the Securities and Exchange Commission (SEC) not to promote investment schemes that are not registered with the SEC. The warning was made in a notice that was published on […]