2 months ago
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By Helen Oji
26 August 2024 | 3:08 am
Securities and Exchange Commission (SEC) had urged investors to mandate their account through the commission's e-dividend portal to stem rising cases of unclaimed dividends in the capital market.
AgamaSecurities and Exchange Commission (SEC) had urged investors to mandate their account through the commission’s e-dividend portal to stem rising cases of unclaimed dividends in the capital market.
E-dividend is an electronic payment, which enables an investor’s account to be credited after 24 hours that dividend is paid. Unclaimed dividend figure in the market was put at N215 billion as of March, 2024.
Director General of SEC, Dr Emomotimi Agama, in an interview, said the dividend mandate was safe, and urged investors to take advantage of the opportunity for their accounts.
According to him, these efforts are aimed at reducing unclaimed dividend figures, ensuring that investors are fairly treated and generally improving investor experience in the Nigerian Capital market.
Agama said aside the commission’s platform, e-dividend could also be accessed through the Nigerian Interbank Settlement System website. He urged investors to be cautious of cyber security threats that existed in the space.
He stated that tackling unclaimed dividends remained an utmost priority to the commission and noted that there had been a lot of engagements with stakeholders to ensure that it was resolved.
NOW
Securities and Exchange Commission (SEC) had urged investors to mandate their account through the commission's e-dividend portal to stem rising cases of unclaimed dividends in the capital market.
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