By Our Correspondent
National News – The Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have joined forces to educate young Nigerians on safe investment practices.
A new Community Development Service (CDS) programme, created under a recently signed Memorandum of Understanding (MoU), will focus on raising awareness about fraudulent investment schemes, including Ponzi operations.
The initiative aims to equip corps members with the knowledge and skills to identify and avoid illegal financial activities nationwide.
According to a statement by SEC, the MoU was signed by its Director-General, Dr. Emomotimi Agama, and NYSC Director-General, Brig.-Gen. Olakunle Nafiu, with the goal of promoting financial literacy among corps members.
The collaboration will provide updated educational content, training modules, and materials on capital market operations.
SEC will also fund training sessions for selected corps members and NYSC supervisors who will serve as trainers in their respective communities.
The NYSC will integrate anti-Ponzi education into its existing Education and Enlightenment CDS programme.
This will include dedicated workshops, awareness campaigns during orientation camps, and year-round outreach efforts across all Local Government Areas.
The partnership will also leverage social media, traditional media, and community engagement to enhance public awareness about safe investments and expose fraudulent schemes.
Speaking at the signing, Dr. Agama highlighted SEC’s longstanding support for the NYSC, noting that 160–180 corps members currently serve in the commission.
“We train them for the market, for the nation, and for themselves,” he said.
Nafiu described the MoU as a key performance milestone for both organizations, emphasizing the importance of educating corps members early to prevent involvement in illegal schemes.
The SEC-NYSC partnership represents a nationwide effort to foster financial literacy, protect youth from scams, and strengthen trust in legitimate investment channels across Nigeria.
This initiative underscores both agencies’ commitment to public education and the sustainable development of young Nigerians.
