The Securities and Exchange Commission (SEC) has launched a nationwide enlightenment campaign to help Nigerians recover unclaimed dividends and other funds arising from capital market transactions.
The campaign commenced with a town hall meeting in Lagos on Thursday and is aimed at sensitising investors on unclaimed monies, the role of the National Investor Protection Fund (NIPF), and the procedures for verifying and recovering legitimate claims.
Speaking at the event, Emomotimi Agama, director-general (DG) of the SEC, said the initiative was designed to ensure that investors’ funds are returned to their rightful owners.
Agama, represented by Hafsat Rufai, director of registration and exchanges at the commission’s market infrastructure department, said unclaimed monies administered by the NIPF include return funds from public offers, scheme consideration arising from mergers, acquisitions and corporate restructuring transactions, as well as other investor funds that have remained unclaimed.
“The commission considers this situation unacceptable. Funds belonging to investors should ultimately find
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