The Securities and Exchange Commission (SEC) Nigeria has officially launched its newly redesigned website, a development the regulator describes as a key step toward enhancing digital engagement, boosting regulatory transparency, and strengthening investor protection.
The announcement, made on Monday, underscored the Commission’s commitment to modernizing its operations at a time when Nigeria’s financial markets are grappling with rising cases of unregistered investment promoters exploiting the appetite of citizens for high returns.
According to the SEC, the upgraded platform introduces a sleek, mobile-responsive design, improved navigation, and consolidated resources tailored to investors, market operators, and the wider public. The redesign aims to streamline user experience while reinforcing the Commission’s watchdog role in Nigeria’s capital markets.
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“This digital advancement is a significant step in building a more transparent and accessible Commission,” said SEC Director-General Emomotimi Agama. “It enhances our engagement with the capital market and the investing public, and reflects our dedication to continuous improvement in service delivery and communication.”
Key Features of the New Website
The revamped platform comes with:
- Intuitive Navigation: A simplified menu structure for faster access to key information.
- Consolidated Resources: Regulatory guidelines, publications, and investor alerts are logically grouped and easier to locate.
- Mobile Optimization: A responsive design that ensures seamless access across desktop and mobile devices.
Samiya Usman, Executive Commissioner for Corporate Services, stressed that the redesign is not merely cosmetic.
“By simplifying access and logically organizing content, we have created a powerful platform that supports our mission to develop and regulate a fair, efficient, and transparent capital market,” she said.
The SEC has encouraged stakeholders to explore the new platform and utilize its features for accessing regulatory updates, market news, and investor services.
Website Launch Tied to Ponzi Crackdown
The website launch comes amid the Commission’s aggressive clampdown on fraudulent investment promoters exploiting Nigerians’ appetite for high returns.
In 2025 alone, the SEC has flagged multiple platforms for operating illegal schemes without proper registration or regulatory approval. Among the entities identified are:
- GVEST Global: Recently labeled a Ponzi scheme by the SEC.
- Pocket Option: Marketed as an online investment adviser/fund manager.
- Forsman & Bodenfors LTD (F&B): Claims affiliation with a Swedish advertising firm.
- Crypto Bridge Exchange (CBEX): Involved in massive investor losses.
- Sapphire Scents Limited: Promotes unregistered investment schemes under the guise of fund management.
The SEC reiterated that these platforms are not authorized to solicit funds or offer investment services in Nigeria.
“Investors engaging with these entities do so at their own risk,” the Commission warned.
This crackdown aligns with the SEC’s broader strategy to enhance market integrity and protect investors, as outlined in the newly enacted Investments and Securities Act (ISA) 2025. The Act expands the Commission’s jurisdiction over Ponzi schemes and strengthens enforcement mechanisms to hold perpetrators accountable.
A History of Ponzi Schemes in Nigeria
Nigeria has a long and painful history with Ponzi schemes, which explains why the SEC is ramping up enforcement today. The most infamous case remains the MMM Nigeria scheme, which collapsed in late 2016 after attracting millions of Nigerians with promises of 30% monthly returns. The crash wiped out billions in savings and left a generation of investors devastated.
Before and after MMM, several other scams thrived. Platforms like Nospecto Oil & Gas, Wealth Solution, and MBA Forex and Capital Investment Limited lured Nigerians with unrealistic returns, only to collapse and leave victims stranded. These schemes preyed on widespread economic hardship, weak regulatory oversight, and the lure of quick profits, making ordinary citizens easy targets.
The SEC has increasingly leaned on digital communication to raise investor awareness, warning the public against unregistered schemes that continue to mushroom across the country.
Stronger Legal Backing Under ISA 2025
The crackdown aligns with the SEC’s broader strategy to safeguard market integrity and rebuild investor trust. Under the newly enacted Investments and Securities Act (ISA) 2025, the Commission’s jurisdiction has been expanded to cover Ponzi schemes and other unregulated investment channels.
The law also strengthens enforcement mechanisms, giving regulators more power to investigate, prosecute, and hold perpetrators accountable.
Some leaders believe that the redesigned website is more than just a facelift. It signals the SEC’s recognition that effective regulation in today’s digital economy requires modern tools—not only to communicate policy but also to track suspicious financial activity, engage with investors, and counter misleading narratives pushed by fraudulent operators.