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Headline : Shareholders urge SEC to address over N190 billion unclaimed dividend

Read more from the original article on here at nairametrics.com.






Tags : #shareholders #urge #sec #address #over #n190 #billion #unclaimed #dividend


No. of Paragraph 26

Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria have called on the new Acting Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, to find a lasting solution to the rising wave of unclaimed dividends in the country.

President of the New Dimension Shareholders Association, Mr. Patrick Ajudua, speaking to Nairametrics exclusively, said unclaimed dividends have defiled all logic and have kept on rising to over N190 billion despite the recently established Unclaimed Dividend Trust Fund.

The total value of unclaimed dividends according to SEC has risen to N190 billion, representing a 7.35% rise from N177 billion recorded in 2021, which was the last figure from the commission.

According to Ajudua, shareholders are happy at the appointment of a capital market technocrat as DG of the SEC, adding that it is the expectations of investors that he builds on the various reform initiatives of the capital market that his predecessors started.

Read more from the original article on here at nairametrics.com.


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