Unclaimed Dividends: 2.6m Investors Register For E-Dividends — SEC

The Securities and Exchange Commission, SEC, yesterday, disclosed it has taken a number of measures to drastically reduce the volume of unclaimed dividends in the Nigerian capital market, adding that presently, about 2.6 million account holders have registered for electronic dividends. SEC restates commitment to fight money laundering, terrorism financing in capital market. 

In a statement in Abuja, Acting Director General of SEC, Ms Mary Uduk, noted that these 2.6 million investors were already getting their dividends promptly, adding that that the commission would continue to collaborate with relevant stakeholders to sensitise investors on the need to regularise their multiple accounts as well as claim their dividends. 

Uduk lamented that the volume of unclaimed dividends was still huge but the commission is doing a lot to bring it down, especially as it had taken various steps to ensure that shareholders benefit from their investments in the capital market.

(Vanguard)