With newly introduced plans by the Federal Government of Nigeria to borrow monies from unclaimed dividends as well as dormant bank accounts within the financial sectors in the country, it has become imperative for every shareholder and dormant bank accounts owners to be proactive in claiming their monies should in case they would be in need in nearest future.
According to recent reports, unclaimed dividends in Nigeria have increased from N109.1 billion in December 2016 to N130 billion in December 2019.
Nonetheless, in order to claim these monies, Security and Exchange Commission has made it easy for every stakeholder and shareholder to search and recover their dividends via the commission’s website.
Follow these simple to recover your dividends and get paid directly into personal bank account:
Search if you or your loved ones have unclaimed dividends using Security and Exchange Commission Portal and
claim your dividends with these steps.
Step 1: Input your first name and last name into this ?? LINK to get a list of your shares from SEC.
This will give you a screenshot of all the companies you have shares in, and the registrars in charge.
Note: if you have changed your name due to marriage or other reasons, search with your previous name and also try different format of name e.g those with prefixes e.g ‘Olu’, ‘Oluwa’ etc
Step 2: Take note of your registrar’s name.
A registrar, is the company that keeps the shareholder’s details for other companies. So, your shares could have data with different registrars.
Step 3: Download and fill your registrar’s form which is beside the company’s name on the website.
Step 4: Submit your form.
Some companies require you to go to your bank and get a bankers confirmation, so they can initiate the e-dividend form for you.
Once this is done, your account will be credited automatically with the e-dividend going forward.