Reps commend Tinubu on assent to Investment and Securities bill

The House of Representatives has commended President Bola Ahmed Tinubu for signing the Investment and Securities Bill 2025 into law.

Chairman of the House Committee on Media and Public Affairs, Hon. Akin Rotimi, who gave the commendation via a statement made available to Parliamentary Correspondents in Abuja, described the Act as a “transformative legislation that will significantly strengthen Nigeria’s capital market, enhance investor protection, and align our regulatory framework with global best practices.”

This landmark Act is the product of years of extensive legislative work, consultations, and stakeholder engagements, spanning the 8th, 9th, and 10th Assemblies.

According to him, the House Committee on Capital Market and Institutions, in collaboration with its Senate counterpart, conducted a robust public hearing on 14 November 2024 at the National Assembly Complex.

This was followed by a technical retreat with the Securities and Exchange Commission (SEC) from 16 to 18 November 2024, where further refinements were made to the bill.

In his remarks, Chairman of the House Committee on Capital Market and Institutions, Rep. Solomon Bob (PDP, Rivers), hailed the enactment of the Act as a significant step in fortifying Nigeria’s investment landscape.

He observed that: “the signing of the Investment and Securities Act 2025 is a testament to the National Assembly’s commitment to fostering a transparent, efficient, and investor-friendly capital market.

“This Act introduces critical reforms, including stricter regulation of investment schemes, enhanced oversight of securities markets, and stronger protection mechanisms for investors.

“These enhanced powers and functions ensure full conformity with the requirements of the International Organisation of Securities Commissions (IOSCO’s) Enhanced Multilateral Memorandum of Understanding (EMMoU), enabling the SEC to retain its ‘Signatory A’ status and enhancing the overall attractiveness of the Nigerian capital market.”

The Act empowers the Securities and Exchange Commission (SEC) as the apex regulatory authority for Nigeria’s capital market, enhances the legal framework for investments, and introduces stringent measures against Ponzi schemes and other fraudulent financial practices.

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Additionally, it strengthens the Investor Protection Fund to safeguard market participants against potential losses due to revoked brokerage licences.

Elated by the development, the House Spokesman, Rep. Rotimi, expressed “gratitude to all stakeholders—legislators, market regulators, investors, and industry experts—whose dedication and expertise contributed to the passage of this bill.

“This milestone reaffirms the National Assembly’s resolve to enact policies that drive economic growth, attract investment, and position Nigeria as a leading financial hub in Africa.

“We once again commend President Tinubu for his visionary leadership and commitment to economic reforms that will spur investor confidence and economic prosperity,” the House Spokesman said.

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