The Securities and Exchange Commission (SEC) has announced plans to integrate anti-Ponzi scheme campaigns into the National Youth Service Corps (NYSC) programme, in a bid to curb the rising incidence of fraudulent investment schemes in Nigeria.
The initiative follows the signing of a Memorandum of Understanding (MoU) between the two institutions to promote financial literacy and investor education among Nigerian youths.
Under the agreement, anti-Ponzi scheme awareness will be embedded into the NYSC’s Community Development Service, particularly within its Education and Enlightenment activities.
The SEC said the collaboration aims to equip corps members with the knowledge to identify and avoid fraudulent investment opportunities, while encouraging participation in legitimate financial markets.
As part of the arrangement, the SEC will develop training materials, fund educational programmes, and train selected corps members and NYSC officials, who will act as facilitators in their host communities.
The NYSC will provide the implementation platform by integrating the curriculum into its service framework and mobilising corps members to lead grassroots sensitisation campaigns across the country.
Speaking on the development, SEC Director-General Emomotimi Agama said the partnership underscores the commission’s commitment to protecting investors through sustained education and awareness.
Similarly, NYSC Director-General Olakumle Nafiu described the initiative as a strategic step toward empowering young Nigerians with essential financial knowledge early in life.
The partnership is expected to leverage the NYSC’s nationwide reach to deepen public awareness, reduce the spread of Ponzi schemes, and strengthen confidence in Nigeria’s financial system.
