The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on fraud, money laundering, and market manipulation in the crypto industry. SEC Director-General Emomotimi Agama stressed the importance of educating investors. Lagos State Governor Babajide Sanwo-Olu expressed support for regulation of the crypto industry. Nigeria's securities regulator has vowed to crack down on fraud, money laundering and market manipulation in the crypto industry. SEC Director General Emomotimi Agama also pledged to strictly enforce regulations against illegal crypto platforms.