BUSINESS
Beware of investment schemes that offer unreasonable high returns, SEC urges women
The Securities and Exchange Commission (SEC), has called on women to shun investment schemes that offer unreasonably high returns.A notice by SEC in Abuja on Sunday, said the call was part of the Commission’s contributions to commemorate the International Women’s Day (IWD) 2025.
The Commission said the theme of the day with activities to be marked by the Commission would be ‘Women: The Voice of the Capital Market.’
The Commission said that enlightening women on the dangers of Ponzi schemes would make the job of the Commission easier.
”Ponzi schemes are illegal investment behaviours that build on nothing.
”We need to enlighten Nigerians about the dangers of Ponzi and we think going all out to enlighten women will make our job easier.
“If anything looks too good to be true then it is not good, we want the women to tell others because women always move in groups.
”We want the women to protect what they have and not fall prey to Ponzi, we are starting with the women because if we have them on board then we have the whole nation,” SEC said.
The Commission said it would also train selected number of women on capital market literacy to increase their participation in the market.
It said it would take advantage of the IWD celebration to raise more awareness on the participation of women in the capital market.
According to the Commission, women have been left out of the capital market for too long, they need to be empowered.
”The one trillion dollar economy being proposed by President Bola Tinubu cannot be possible without women.
”If you want to grow this market today, one of the greatest apostles will be women.
”Commodities trading is mainly done by women, they are involved in buying and selling of different kinds of commodities.
”We need a paradigm shift on the education of women on capital market issues,” the Commission said.
BRANDECONOMY reports that the IWD is celebrated every March 8 with the 2025 theme ‘March Forward Together’.
