LAGOS, Nigeria (VOICE OF NAIJA)-The Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have pledged to collaborate in eliminating illicit trading practices in Nigeria’s digital markets.
The Acting Director General, Dr. Emomotimi Agama, revealed this during a meeting on Tuesday, May 14, with a delegation from the EFCC, headed by Ola Olukoyede.
Agama emphasised the SEC’s resolve to collaborate closely with the EFCC to safeguard Nigeria’s financial system from illegal activities.
READ ALSO: SEC Vows To Fight Illegal Digital Trading Abuse
He said: “We want to strengthen our partnership and make sure it helps us tackle current issues.”
They are particularly concerned about the rise of illicit trading, especially in online peer-to-peer transactions, which they argue pose risks and threats to the economy.
Agama also discussed the implementation of a new information-sharing system among regulators to facilitate faster responses to emerging issues.
According to him, “We want to create a hub where regulators can share requests and respond right away. Time is crucial in our work, so we need quick responses.”