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Africa Housing News > Business > SEC to Investors: Mandate Your Accounts For Electronic Payment To Reduce Unclaimed Dividends
Business

SEC to Investors: Mandate Your Accounts For Electronic Payment To Reduce Unclaimed Dividends

Fesadeb
Last updated: 2022/03/27 at 6:57 PM
Fesadeb 2 years ago
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SEC to Investors: Mandate Your Accounts For Electronic Payment To Reduce Unclaimed Dividends
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The Securities and Exchange Commission (SEC) has appealed to investors to mandate their accounts for electronic payment to reduce the number of unclaimed dividends in the capital market.

A statement by the Commission in Abuja on Sunday, said Mr Lamido Yuguda, the Director-General of SEC, expressed the regret when Prof. Kabiru Bala, Vice-Chancellor of Ahmadu Bello University (ABU) Zaria, visited him.

Yuguda noted that many investors had shares in the market which they had abandoned.

“People have not come forward to claim their dividends and this has led to huge unclaimed dividends.

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AIHS 2022

“The Commission has been educating and enlightening the public on how they can get their dividends. People do not need to wait for the broker to send the dividend warrants through the registrars.

“The dividends can be paid directly into their bank accounts through e-dividend payments,’’ he said.

Yuguda said that SEC was currently carrying out some initiatives that would appeal to younger generations and attract them to the capital market.

Earlier, Bala described the visit as part of efforts by the university to connect with its alumni as done in most global universities.

NAN

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TAGGED: Africa housing news, Capital Market, Housing News, Investors, sec
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