NOA, SEC Inaugurate Joint Committee to Deepen Investor Education, Combat Fraudulent Schemes

On February 19, 2026, the National Orientation Agency (NOA) and the Securities and Exchange Commission (SEC) formally inaugurated a Joint Committee aimed at strengthening investor education and enhancing public awareness about safe and legitimate investment opportunities across Nigeria.

The collaboration underscores the shared commitment of both agencies to promote financial literacy, protect investors, and ensure that accurate and timely information reaches citizens nationwide.

The inauguration, held at the NOA Headquarters in Abuja, by the Director of Media and Communication, Mr Bala Musa, who represented the Agency’s Director-General. This meeting brought together teams from both NOA and SEC to set the foundation for a coordinated strategy that leverages the expertise, resources, and nationwide outreach of both NOA and SEC.

In his remarks, Mr Musa said the partnership reflects a shared commitment by both institutions to strengthen public trust and promote informed participation in Nigeria’s capital market. He noted that while the SEC regulates and develops the capital market and protects investors, NOA’s nationwide structure spanning states, local governments, and communities positions it to deliver critical investor education messages directly to Nigerians at the grassroots level.

“Investor education must not be confined to urban centres. Nigerians across all demographics must have access to accurate information to make informed financial decisions,” he stated.

During a presentation at the meeting, SEC disclosed that Nigerians lost approximately ₦1.5 trillion in the last year to unregulated and fraudulent investment schemes.
The Commission described the development as alarming and stressed that preventing further losses through aggressive public sensitisation has become a top priority.

SEC emphasised the importance of leveraging NOA’s statutory mandate for nationwide public enlightenment to ensure coordinated and consistent messaging against Ponzi schemes and other illegitimate platforms.
After deliberations, both agencies agreed to:
Develop a comprehensive national investor education and anti-fraud strategy.

Deploy expert knowledge across financial regulation, communication, and grassroots mobilisation.
A minimum three-day intensive training programme be organised to equip designated personnel with the technical knowledge required for effective nationwide sensitisation.

Draft and conclude a Memorandum of Understanding (MoU) to formalise the collaboration.

Both institutions reaffirmed their commitment to protecting Nigerian investors and restoring public confidence in the capital market.

Signed
Bala Musa
Director Communication and Media NOA