The Securities and Exchange Commission (SEC) has assured investors of the safety of their funds as it steps up efforts to regulate Nigeria’s rapidly growing fintech ecosystem.
The SEC’s Director General, Dr. Emomotimi Agama, emphasised the Commission’s resolve to enforce rules to stop fund mismanagement and make sure fintech companies follow capital market guidelines. Agama underlined the necessity of a balanced regulatory framework in his remarks over the weekend in order to safeguard investors and promote innovation.
“A conducive regulatory environment is critical to leveraging technology to transform Nigeria’s financial landscape. Fintech operators must adhere to established capital market rules, especially in fundraising activities,” Agama stated.
During a panel discussion at the same event, Hasfat Rufai, SEC’s Director of Registration, Exchanges, and Market Infrastructure Department, stressed the importance of safeguarding investors amid emerging trends in digital investments.
“While these technological advancements offer new opportunities, they also present challenges, particularly in regulation and investor protection,” Rufai noted. She pointed to the rise of digital platforms, increased access to global markets, and growing interest in cryptocurrencies and startups as transformative factors reshaping how Nigerians invest.
Rufai encouraged investors to embrace the evolving digital environment responsibly by leveraging technology, seeking financial knowledge, and making informed decisions.
The SEC’s proactive approach seeks to balance innovation and safety as fintech continues to upend established financial systems, guaranteeing a safe and welcoming investing environment for all parties involved.
