SEC pledges to ensure investors receive unclaimed dividends


Director General, Securities and Exchange Commission, SEC, has said that the Commission is committed to ensuring that investors receive their unclaimed dividends which currently stands at N90 billion.
He also urged investors in the Capital Market to register for their e-Dividend
Gwarzo who said this when the Commission took its e-Dividend sensitisation exercise to Nyanya and other parts of Abuja, pointed out that once the commission completes the on-going registration of investors, the next phase will be to ensure that the owners of the unclaimed dividends are paid their money.
He said: “e-dividend is very important because I believe it is going to be a major game changer; it is an issue we have had since the inception of this market whereby people buy shares and are unable to claim their dividends either because the warrant becomes stale, they change address or are living in an area that is quite far and will take more than what the dividend warrant is worth and they will not want to go and collect it.
“One of the things we are doing once we are through with the registration is to see how those huge unclaimed dividends can be verified and paid to the owners.

 

 

 

 

Check the Nigerian Pilot newspaper for the full story.

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