The first Capital Market Committee (CMC) meeting of 2025 in Nigeria will take place on Monday, May 19, the Securities and Exchange Commission (SEC) has confirmed.
One of the major issues to be discussed at the gathering is the activities of unregistered investment schemes in the country.
This is coming a few weeks after many Nigerians fell victims of a popular Ponzi scheme, Crypto Bridge Exchange (CBEX).
It was speculated that the organisation went away with funds belonging to Nigerian investors worth about $1 billion. Victims could not withdraw their money from their wallets with the platform.
At the CMC meeting taking place less than two weeks’ time, the capital market regulator will explore ways to better inform Nigerians on available authorised capital market products.
“The meeting will focus on critical issues affecting the market and ensure that those concerns are thoroughly addressed.
“Participants will also deliberate on the activities of unregistered investment schemes and explore ways to better inform Nigerians on available capital market products,” parts of the notice from SEC read.
In addition, the committee will deliberate on the implementation of the Investments and Securities Act 2025, recently signed by President Bola Tinubu.
Further, participants will brainstorm on strategies to drive capital market growth in line with Mr Tinubu’s Renewed Hope Agenda.
Also, the meeting will review the market’s current regulatory landscape and develop strategies to attract investments, improve market efficiency, and protect investors.
The team will, equally, examine reports from technical committees, market infrastructures, and industry observers to guide discussions on emerging market trends and regulatory reforms.
Business Post reports that expected at the CMC meeting are capital market operators, trade groups, investment advisers, fund and portfolio managers, and custodians.