The SEC’s Chairman, Mr. Mudashiru Olawale, has emphasized the importance of adhering to regulatory standards to prevent such losses. ## The Scale of Losses – Nigeria’s estimated loss: N1.23 trillion (2021-2023) – The SEC’s role in monitoring and enforcing regulations The magnitude of these losses underscores the critical need for stringent oversight in the financial sector.

The Importance of Financial Literacy

Financial literacy is a critical skill in today’s complex economic landscape. It empowers individuals to make informed decisions about their finances, leading to better financial health and stability.

# Social Media Outreach

The Securities and Exchange Commission (SEC) is gearing up for a week-long event aimed at educating the public about the importance of financial literacy. Recognizing the power of social media, the SEC plans to harness these platforms to maximize outreach and engagement. * Twitter and Facebook: The SEC will be actively posting updates, tips, and resources on these platforms.