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The Securities and Exchange Commission, SEC, has decried the rising number of abandoned shares and unclaimed dividends in the Nigerian capital market.
Director-general of SEC, Lamido Yaguda disclosed that so many investors have shares in the capital market and have abandoned them.
He enjoined investors to mandate their accounts for e-dividend in a bid to reduce the quantum.
The Minister added that the commission has been educating and enlightening the public on how they can get their dividends.
Recall that SEC had put the total value of unclaimed dividends in excess of N170 billion as at December 2020. This figure is estimated to reach N300 billion by 2025 unless the trend is reversed.
