The Securities and Exchange Commission (SEC) has issued a stern warning to organizations involved in unlawful fund management practices, urging them to cease immediately or prepare for legal consequences. 

Dr. Emomotimi Agama, the Director-General of the Commission, delivered this message in Abuja on Sunday, coinciding with the upcoming World Investor Week (WIW). 

He emphasized that the Commission will fully utilize its enforcement capabilities to identify and address any illegal activities within the nation's investment sector. 

According to Agama, Section 13(a) of the Investments and Securities Act 2007 empowers the SEC to oversee investment and securities operations in the country. 

“We are enhancing our enforcement strategies in partnership with the Nigerian Police Force and the Federal Ministry of Justice. This serves as a clear warning to those not adhering to regulations: stop now or face legal action,” he stated. 

He reassured both current and prospective investors that the SEC is committed to safeguarding their interests and providing education to foster confidence in the market.