SEC Reads Riot Act To Registrars On e-Dividend Mandates

The Securities and Exchange Commission (SEC Nigeria) recently met with the Association of Capital Market Registrars (ACMR) where it raised concerns over the slow pace at which the unclaimed dividend monster is being depleted despite ongoing efforts.
Fielding questions at the ongoing two-day SEC Journalist Academy 2018 in Uyo, capital of Akwa Ibom State, Henry Rowlands, acting Executive Commissioner, Operations at the commission said the diluge of complaints over the none encashment of dividend warrants even after completing the e-dividend mandate forms was communicated to the registrars.
At the meeting where issue was raised, he continued, one of the mechanisms to resolve the problem and further drive down the unclaimed dividend menace, was “a request for a list of mandated (investors) and those they have settled.”
This he continued, will enable impact assessment,” given that as long as investors are dissatisfied with the system, it may not achieve the desired result.
He therefore urged investors with similar experience to get in touch with the commission through by sending an e-mail to, or any of its offices nationwide.