The Securities and Exchange Commission (SEC) has reaffirmed its commitment to safeguarding investors, particularly as fintech continues to gain traction in Nigeria.
In a statement issued in Abuja, SEC director-general Dr. Emomotimi Agama, emphasized the commission’s dedication to enforcing regulations within the fintech ecosystem.
“Our regulatory efforts aim to curb fund mismanagement and ensure fintech operators adhere to existing capital market rules, particularly when raising funds,” Agama said.
He highlighted the importance of a conducive regulatory environment to foster innovation and technological advancements in the financial sector.
“While fintech presents new opportunities, it also brings challenges related to regulation and investor protection,” he noted. “The digital era has revolutionized investments, offering unprecedented access, innovation, and opportunities. However, investors must adapt by embracing technology, acquiring knowledge, and making informed investment decisions.”
Agama further added that technological advancements, the rise of young investors, and the evolution of financial products will shape the future of Nigeria’s investment landscape.
