SEC Urges Young People To Avoid Ponzi Schemes

The Securities and Exchange Commission (SEC) has urged young Nigerians not to invest in Ponzi scheme.  

Director, Market Development Department of the SEC, Mr. Nestor Ikeagu stated this during the celebration of the Global Money week 2023 enlightenment campaign.

Global Money Week (GMW) is an annual global awareness raising campaign on the importance of ensuring that young people from an early age are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviors necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience.

The SEC director said, the official theme for Global Money Week 2023 is ‘Plan your money, plant your future’ as it focuses on sustainability and raising awareness on the implications of individual financial behaviour not only on one’s financial future but also on the environment and the society.