The Federal Government has assured Nigerians that through the Securities and Exchange Commission, it would safeguard investors by strengthening its regulatory oversight in the fast-expanding fintech sector.

The SEC Director-General, Emomotimi Agama, revealed this in a statement on Sunday, December 1, 2024, during a training for financial journalists in Abuja.

Agama told the stakeholders that the Commission would enforce regulations to stop fund mismanagement and make sure fintech operators work within capital market rules.

He stated: “It is time for fintech operators to be held accountable to the rules of the capital market, particularly when raising funds.”

The Director of the Registration, Exchanges, and Market Infrastructure Department at the SEC, Hasfat Rufai, also confirmed the challenges brought by the rise of digital platforms, cryptocurrencies, and fintech startups.

She stressed on the Commission’s commitment to ensuring that investors’ interests remain protected despite these new disruptions.

Rufai said: “While these trends bring new opportunities, they also come with challenges, particularly around regulation and investor protection,” she noted.

“The digital age has transformed the investment landscape, offering greater accessibility, innovation, and opportunity.

"Investors must adapt to this evolving environment by embracing technology, seeking knowledge, and making responsible investment choices.”