New partnership aims to arm Nigerian youths with investment knowledge and protect them from scams.
The Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have joined forces to tackle fraudulent investment schemes by launching a new Community Development Service (CDS) group focused on financial literacy.
The initiative, sealed through a Memorandum of Understanding (MoU), will train corps members to identify Ponzi schemes, promote safe investment habits, and spread awareness across communities nationwide.
Under the deal, SEC will provide training materials, fund sessions, and equip selected corps members and NYSC officials as trainers, while NYSC will integrate the programme into its CDS activities and orientation camps.
The collaboration will also drive nationwide awareness campaigns using social media, traditional platforms, and grassroots outreach.
SEC Director-General, Dr Emomotimi Agama, said the move builds on the commission’s long-standing support for NYSC, noting that hundreds of corps members already serve within the commission.
NYSC DG, Brig.-Gen. Olakunle Nafiu, described the partnership as a major step toward protecting young Nigerians from falling victim to Ponzi schemes.
Both agencies say the goal is clear: build financially smart youths and strengthen trust in Nigeria’s capital market.
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