Tinubu signs Investments, Securities Act 2024, prescribes jail term for Ponzi scheme promoters
President Bola Ahmed Tinubu has signed into law the Investments and Securities Act (ISA) 2024, which repealed the Investments and Securities Act No. 29 of 2007. The Securities and Exchange Commission, SEC, disclosed this in a statement on Saturday. The enactment of the ISA 2024 reaffirms the authority of the SEC as the apex regulatory authority of the Nigerian capital market. SEC explained that the landmark legislation would strengthen the legal framework of the Nigerian capital market, enhance investor protection, and introduce critical reforms to promote market integrity, transparency, and...