SEC Urges Nigerian Police to Crack Down on Cryptocurrency Fraudsters

The Securities and Exchange Commission (SEC) has called on the Nigeria Police Force to intensify efforts against cryptocurrency fraudsters and Ponzi schemes operating outside regulatory frameworks. The SEC Director-General, Emomotimi Agama, emphasized the need for collaboration to safeguard investors and the financial system.

The move comes amid concerns of criminals exploiting public trust through unrealistic investment promises. The SEC aims to protect investors and ensure market transparency, especially in the growing Nigerian capital market.