Nigeria’s Securities and Exchange Commission (SEC) has partnered with the National Youth Service Corps (NYSC) to integrate anti-Ponzi scheme campaigns into the NYSC programme, targeting improved financial literacy among young Nigerians.
This development was disclosed in a joint statement issued by both institutions on Sunday, March 22, 2026.
The initiative aims to equip corps members with the knowledge to identify fraudulent investment schemes while encouraging participation in legitimate financial markets.
The collaboration, formalised through a Memorandum of Understanding (MoU), will embed anti-Ponzi education into the NYSC’s Education and Enlightenment Community Development Service (CDS) programme.
SEC Director-General, Dr. Emomotimi Agama, stated that the partnership underscores the Commission’s commitment to building a financially aware younger population. He highlighted the strategic role of NYSC members in extending financial literacy across the country.
Agama added that the initiative will address the growing threat of Ponzi schemes while promoting long-term investment discipline among Nigerian youths.
Under the agreement, both institutions have outlined specific responsibilities to ensure effective nationwide implementation of the programme.
The collaboration leverages institutional strengths to deliver structured financial education across communities.
NYSC Director-General, Olakunle Oluseye Nafiu, described the MoU as a strategic milestone and noted that it aligns with the scheme’s youth development objectives.
The SEC’s engagement with the NYSC is part of a wider effort to curb investment fraud and deepen financial literacy across Nigeria. Ponzi schemes have remained a persistent risk, particularly among younger investors with limited financial knowledge.
Both organisations will collaborate on nationwide sensitisation using digital platforms, traditional media, and grassroots outreach.
By targeting young graduates and first-time earners, the initiative seeks to curb investment fraud and vulnerability to fraudulent schemes through early education and nationwide sensitisation.