Malami, Ahmed Expected At 2–Day AGA-AFRICA, SEC Webinar On Ponzi Schemes

The Attorney General Alliance Africa in collaboration with the Securities and Exchange Commission SEC) will on Tuesday and Wednesday, March 2 and 3, 2021, host a webinar with the theme: “Curbing the Tide of Ponzi schemes: The Role of the Regulator.”

A statement by the commission on Sunday listed objectives of the symposium to include capacity building from the thought provoking discussions amongst law officers, especially at this time when because of the increased level of activities in the cyberspace, investment fraud is expected to become prevalent.

Expected to attend are law enforcement agencies, the judiciary, lawyers and the public, to better educate them on the different types of Ponzi Schemes, and improve prevention and investigation of Ponzi Schemes Fraud.

The sessions, the statement added, are designed to equip participants with knowledge and expertise required to enhance the process of preventing, investigating and prosecuting cases of ponzi scheme fraud in Nigeria.

The Commission/SEC is the apex regulatory organization for the Nigerian capital market and the Investment and Securities Act mandates the Commission regulate investment schemes in whatever form and act in the public interest having regard to the protection of investors and maintenance of a fair and orderly market. The Commission is empowered to promote investors’ education, investigate, and penalize any entity in violation of the Act and it is believed that the online webinar would serve as platform to assist the Commission achieve one of its core mandates.

Listed among those expected at the event include Markus Green, AGA-Africa Board Member; Abubakar Malami, Nigeria’s Attorney General of the Federation and Minister of Justice; Mrs. Zainab Shamsuna Ahmed, his Finance, Budget & National Planning counterpart; and Lamido Yuguda, Director-General of SEC-Nigeria.

Others are Dr Jean Phillipo of Malawi; Terry Davis and James Manyonge will serve as facilitators, while Mrs. Ebelechukwu Enedah expected to moderate the programme.

Speakers expected at the two-day event include, Barr. Musa Abdullahi Lawan, Attorney General & Commissioner for Justice, Kano State, Chief Anthony Idigbe, Senior Partner, PUNUKA Attorneys & Solicitors; and Prof. Moin A. Yahya, University of Alberta.

Other speakers are Prof. David C. Blake, General Counsel AGA, USAT, Ms. Letitia “Tish” James, Attorney General for the State of New York, Mrs Tope Omojokun, President of Fund Managers Association of Nigeria and Prof. Marie Springer, John Jay College of Criminal Justice

The webinar, the statement continued, is targeted at the nation’s regulatory agencies, law officers, compliance officers, judges, lawyers, legislators, capital market, government officials and the public and about 140 in-venue participants at three venues where the webinar will be streamed live with appropriate social distancing measures enforced for the safety of the participants.

It is also expected that other online participants will be able to join through GoTo Meeting webinar platform.

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