Gombe rural communities sensitised on financial literacy

The Securities and Exchange Commission (SEC) has launched a sensitisation campaign in rural communities in Gombe State to educate women and youths on the importance of investing in the Nigerian capital market. 

The sensitization campaign took place in Akko, Billiri, Dukku, Kaltungo and Yamaltu/Deba local government areas of Gombe State.

• Kogi to recruit 10,000 security surveillance operatives to protect oil pipelines
• Nigerian, Malaysian trade hits $845.6m — Envoy

The financial inclusion drive is an initiative of the Central Bank of Nigeria (CBN) and SEC to improve access to financial products and services. Speaking at Dukku town, Dukku LGA, Mr Tunde Isaac of SEC’s Investment Management Department said the proliferation of Ponzi schemes made it imperative for SEC to educate the public, especially those in the rural areas on the dangers of patronising such scammers. 

“Because of the presence of a lot of Ponzi schemes in the market, people will come to these people and deceive them to invest N10,000 and get N20,000 within a short period of time,” Isaac said.