Senate to SEC: Uncover Unclaimed Dividend Owners The Senate Committee on Capital Market, the Security and Exchange Commission (SEC) and stakeholders in the capital market on Monday agreed to evolve practicable strategies to address the issue of unclaimed dividends in the country. The agreement was reached...

SEC Initiates Measures To Tackle Fraud, Unclaimed Dividends   The Securities and Exchange Commission (SEC) is planning to provide capital market participants with unique identifiers in order to reduce fraud and the quantum of unclaimed dividends, a statement by the commission on Sunday said. The Director-General, SEC,...

Some Registrars Unwilling To Release Unclaimed Dividends – SEC Boss     The Director-General of the Securities and Exchange Commission, Lamido Yuguda, has said some registrars are unwilling to release shareholders’ unclaimed dividends in their custody. Yuguda said the registrars had employed several antics to frustrate shareholders from...

Unclaimed Dividends In Capital Market Now N170bn — SEC     Unclaimed dividends in the Nigerian capital market rose to N170 billion as at December, 2020, said the Securities and Exchange Commission (SEC). The Director General (DG) of SEC, Mr Lamido Yuguda, stated this at the second post-Capital...

Unclaimed Dividend: Shareholders Sue FG Over Plan To Borrow N158bn       Aggrieved by the plan of the Federal Government (FG) to borrow the over N158 billion outstanding unclaimed dividend, shareholders have sued the government at Federal High Court of Nigeria, Abeokuta Division, seeking to restrain the...

FG To Borrow Unclaimed Dividends, Funds In Dormant Accounts         The Federal Government plans to borrow unclaimed dividends and funds in dormant account balances of Deposit Money Banks. It disclosed this under Part XII of the Companies and Allied Matters Act in the signed Finance Act 2020. Under...