Tag
UNCLAIMED DIVIDEND
The Securities and Exchange Commission (SEC) has called on companies’ registrars to embrace technology as one of the ways of ensuring that the issue of unclaimed dividends in the capital market becomes a thing of the past.
Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria have called on the new Acting Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, to find a lasting solution to the rising wave of unclaimed dividends in the country.
Shareholders who are yet to complete the e-dividend registration are advised to download the registrar’s E-Dividend Mandate Activation Form, which is also available on the website of the registrars
The Securities and Exchange Commission (SEC) has voiced concern about the market's high proportion of unclaimed dividends.
The Senate has ruled out the Federal Government's proposed plan to use unclaimed dividends to fund the 2021 Budget.
ASHON has rejected plans by the Federal Government of Nigeria to manage the N200 million unclaimed dividends.
Access Bank Plc has threatened to publish the names of Diamond Bank's debtors in the Nigerian mainstream media, should they fail to remit their debts.