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The SEC launched a nationwide campaign to help investors reclaim an estimated N270 billion in unclaimed dividends and investment fundsSEC Director-General Emomotimi Agama said the sensitisation drive will cover all six geopolitical zones and use social media and electronic platforms to reach investorsUnder the Finance Act 2020 and ISA 2025, unclaimed dividends dormant for six years are moved to a trust fund, but shareholders retain full ownership and can recover their money
The Securities and Exchange Commission (SEC) has kicked off a nationwide campaign aimed at helping Nigerian investors reclaim approximately N270 billion in unclaimed dividends and other outstanding capital market funds.
The exercise was launched with a town hall meeting in Lagos and is designed to raise awareness about how investors can verify and recover their entitlements, including funds held under the National Investor Protection Fund (NIPF).
SEC says unclaimed dividends belong to shareholders and can still be recovered Photo: SECSource: Facebook
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