Update: Database of Non-mandated Accounts in the Nigerian Capital Market

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13/4/2017/SEC

The Securities and Exchange Commission (SEC) is pleased to notify the investing public that, as part of measures to curb the growth of unclaimed dividend in the Nigerian capital market, all investors are required to register for the payment of their dividends electronically (e-Dividend).

To facilitate the e-Dividend registration exercise, the SEC has provided a platform for all investors that are yet to register to search for their names in the portal.

Members of the investing public are therefore, called upon to ascertain their registration status by clicking the link below;

Unregistered Investors for e-Dividend

All investors, whose names appear, are advised to URGENTLY contact the nearest branch of their Bank or Registrar to register for the collection of their unclaimed dividends and subsequent dividends electronically, as well as for the Direct Cash Settlement of proceeds from secondary market transactions, to be credited to their preferred Bank Account.

The Commission also wishes to remind the investing public on the deadline of 30thJune, 2017, which will mark the end of issuance of physical dividend warrant, with a view to mitigating the risks associated with physical dividend warrants and improving investors’ experience.

Furthermore, the 30th June, 2017 dateline will see the end of free registration of e-dividend, being bank-rolled by the Commission since the inception of the exercise in November, 2015. Hence, members of the investing public are encouraged to urgently key into the on-going free registration period.

REMINDER: All investors in the Nigerian Capital Market are pleased advised to take advantage of the on-going free registration period and register by approaching the nearest branch of their Bankers or Registrars for enrollment before the deadline. 

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