The Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have signed a Memorandum of Understanding to introduce a Community Development Service (CDS) group focused on investment education for corps members.
The initiative aims to equip young Nigerians with the knowledge needed to identify and avoid fraudulent investment schemes, while promoting safe and legitimate investment practices. It is also expected to strengthen financial literacy and encourage responsible money management among youths.
According to a statement released by the SEC, the agreement was signed by the Commission’s Director-General, Dr Emomotimi Agama, and the NYSC Director-General, Brigadier General Olakunle Nafiu.
Under the partnership, the SEC will provide up-to-date training materials, educational content, and resources on capital market operations, safe investments, and how to detect Ponzi schemes. The commission will also fund and organise training sessions for selected corps members and NYSC supervisors, who will serve as facilitators in their communities.
On its part, the NYSC will integrate investment education into its existing CDS framework through workshops, orientation camp sessions, and awareness campaigns throughout the service year. Both organisations will also collaborate on nationwide campaigns using social media, traditional media, and grassroots outreach to educate the public and expose illegal financial schemes.
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Speaking at the signing, Agama highlighted the SEC’s longstanding support for the NYSC, noting that the commission currently hosts between 160 and 180 corps members. He said the programme reflects the agency’s commitment to empowering young Nigerians with practical knowledge for both personal and national development.
NYSC Director-General Nafiu described the agreement as a significant step forward, stressing the importance of educating young people early to prevent them from falling victim to Ponzi schemes. He expressed confidence that the collaboration would deliver meaningful impact and contribute to the broader development of Nigerian society.
