SEC Worries About Unclaimed Dividends

SEC Worried Over Accumulated Unclaimed Dividends

The Securities and Exchange Commission (SEC) has expressed concern over the high number of unclaimed dividends in the capital market.

The commission director-general, Mr. Lamido Yuguda, expressed his concern while receiving Prof. Kabiru Bala, vice-chancellor of Ahmadu Bello University, Zaria, in his office in Abuja.

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He urges investors to mandate their accounts for electronic payment to reduce the number of unclaimed dividends.

Yuguda said that sec was currently carrying out some initiatives that would attract younger generations to the capital market.

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