Tag: Unclaimed Dividends
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Reps query operators of capital market over unclaimed dividends
The House of Representatives Committee on Capital Markets and Institutions has queried operators of the capital market over unclaimed dividends by shareholders.
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Unclaimed dividends in capital market hits N190bn – SEC
The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion.
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Unclaimed dividends hit N180bn as SEC strives to achieve zero%
Alhaji Lamido Yuguda, the Director-General, Security and Exchange Commission (SEC), says the commission is working to ensure it reduces the level of unclaimed dividends to zero per cent. In an interactive session with editors on Tuesday in Lagos, Yuguda said that unclaimed dividends rose to N180 billion as at Dec. 31, 2021.
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Nigeria’s unclaimed dividends increase to N170bn
The Securities and Exchange Commission (SEC) on Friday said the total unclaimed dividends in the Nigerian capital market stood at N170 billion as of December 2020. The Director-General, SEC, Mr Lamido Yuguda, said this at the second post-Capital Market Committee (CMC) virtual news conference. Yuguda said the figure had increased compared with N158.44 billion total…
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SERAP tackles Buhari over FG’s plan to borrow from dormant account balances, unclaimed dividends
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his leadership position “to promptly drop the plan by the Federal Government to borrow about N895bn of unclaimed dividends and funds in dormant accounts using the patently unconstitutional and illegal Finance Act, 2020, and to ensure…
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FG to borrow from dormant bank accounts, unclaimed dividends to finance 2021 budget
The federal government (FG) has revealed plans to borrow monies in dormant bank accounts and unclaimed dividends to finance the 2021 budget. This information is contained in the Finance Act 2020 recently signed into law by President Muhammadu Buhari. According to the finance act, the monies recovered in the process would be transferred into an…