SEC AND NYSC SIGN MoU TO ENCOURAGE SOUND INVESTMENT HABITS
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By:Tajudeen Aminat
The securities and exchange commission (sec) and the national youth service corps (NYSC) have entered into a memorandum of understanding (mou) aimed at promoting financial literacy and safeguarding young nigerians against fraudulent investment schemes.
The agreement, signed in abuja by sec director-general dr. emomotimi agama and NYSC director-general brigadier general Olakunle Oluseye Nafiu, will incorporate education on anti-ponzi schemes into the NYSC community development service (cds) programme, especially under its education and enlightenment unit.
Under the partnership, corps members will be trained to recognize and avoid ponzi schemes and other illegal investment practices, while also learning how to build sound investment habits. the initiative is expected to boost nationwide awareness across local government areas and equip young nigerians with the knowledge needed to make informed financial choices.
as part of the collaboration, the sec will provide training materials, modules, and funding for capacity-building programmes. selected corps members and nysc supervisors will also be trained as facilitators to promote financial literacy within their host communities.
for its part, the NYSC will integrate the programme into its orientation camps and service-year activities through workshops, seminars, and awareness campaigns. both organisations will also work together on joint outreach initiatives using social and traditional media, while putting in place systems to monitor progress and assess impact.
speaking at the signing ceremony, agama said the initiative builds on the sec’s longstanding partnership with the NYSC, noting that between 160 and 180 corps members currently serve with the commission.
he added that the sec remains committed to equipping corps members with skills relevant to the capital market and national development, describing them as future ambassadors of the commission.
in his remarks, Nafiu described the mou as a major milestone and an important performance indicator for both institutions. he praised the sec’s efforts in strengthening confidence in the capital market and emphasized the importance of early financial education to curb the spread of ponzi schemes.
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