SEC To Reduce N190bn Unclaimed Dividends.

SEC To Reduce N190bn Unclaimed Dividends.

As part of efforts to reduce the level of unclaimed dividends by investors in the capital market, the Securities and Exchange Commission said it is intensifying strategies to shrink unclaimed dividends.

The apex regulator saddled with the dual responsibilities of regulating and developing the Nigerian capital market, disclosed this to journalists after a three-day investors clinic it held in Yobe State to address complaints from investors in the region.

Head of the SEC Zonal Office, Kano, Danladi Mohammed, stated that the investor clinic was jointly organised by the Securities and Exchange Commission and the Gombe State Investment and Property Development Company to assist investors with unclaimed dividends and related matters.

Mohammed said the three-day exercise was aimed at creating awareness and enlightenment on e-dividend, dematerialisation of shares certificates, and direct cash settlement payment system, among other initiatives.




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