<ul data-eligibleForWebStory="false"><li>The Nigerian SEC has expressed concern over the increase in digital assets fraud in the country, aiming to protect investors and the economy.</li><li>The SEC plans to provide guidance to investors, collaborate with external security bodies, and impose penalties on perpetrators of fraud.</li><li>Countries worldwide are implementing regulations to safeguard citizens from crypto scams, with the Nigerian SEC overseeing financial market vetting and regulation.</li><li>The SEC director general highlighted the impact of digital asset fraud on Nigeria's economic development and pledged to enhance investor education, regulatory oversight, and international cooperation to combat fraud.</li></ul>

Nigeria’s SEC Raises Alarm Over Increased Digital Assets Fraud

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