The Association of Securities Dealing Houses of Nigeria (ASHON) has voiced its concern over the Central Bank of Nigeria’s (CBN) recent directive suspending dividend payments by banks, which comes as part of its stricter stance on regulatory forbearance.
The Acting Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged the Association of Securities Dealing Houses of Nigeria (ASHON) and other key stakeholders in the capital market to collaborate with the Commission in addressing the substantial issue of unclaimed dividends, which currently stands at a staggering N190 billion.
In this interview with Nairametrics, Sam Onukwue, Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON), shared his professional advice for investors during a period of uncertainty.
ASHON has urged the SEC to fully digitalise the Nigerian capital market.
ASHON has rejected plans by the Federal Government of Nigeria to manage the N200 million unclaimed dividends.
