SEC and NYSC Launch Anti-Ponzi Scheme Education for Youths

The National Youth Service Corps (NYSC) and the Securities and Exchange Commission (SEC) have teamed up to launch a new initiative aimed at curbing fraudulent investment schemes across Nigeria. The program will educate corps members on identifying and avoiding Ponzi schemes and other financial scams.

Under the initiative, corps members will participate in workshops, training sessions, and awareness campaigns during their Community Development Service (CDS) activities. SEC will supply educational materials and guidance, while NYSC will facilitate the integration of the program into its nationwide service structure.

The partnership is designed to strengthen financial literacy among young Nigerians, enabling them to make safer and smarter investment choices. Selected corps members will also serve as community advocates, spreading knowledge and warning against risky financial schemes.

Officials from both organizations emphasized that the program is part of a broader effort to protect Nigerians from investment fraud while fostering a culture of responsible financial management among youths.