The Nigerian Securities and Exchange Commission (SEC) has proposed that companies and registrars in custody of dividends, which remain unclaimed by shareholders 12 years after the date of declaration or subsequently attain the 12 years threshold shall upon the coming into effect of the new rule transfer such monies into the Nigerian Capital Market Development Fund according to the provisions of Section 313(1)(n) of the Investments and Securities Act 2007.

The notice read in parts, “All companies and registrars shall not later than 30 days after the end of every calendar year forward to the Commission a report of unclaimed dividends in their custody, which shall specify compliance with sub rule (1) of this rule.

“Companies shall disclose details of compliance with this Rule in their annual reports.
“All comments and input should be forwarded to the Secretariat, Rules Committee of the Commission, via, rulescommittee@sec.gov.ng or through the Director General, SEC, not later than two weeks from the date of publication.”

The SEC recently issued a directive mandating registrars operating in the Nigerian capital market to end issuance of electronic dividend warrant to investors by June 31, 2017.

Source: http://tipsdome.com/nigerian-government-keep-unclaimed-dividends/

yomalex:
hmm

locosis007:


I guess you didn't understand the news? Lol
Dividends and exchange tend to be confusing ryt

Aminat508:
Yomalex I need bulk SMS nah


Yomalex, yr numb is not going and hv bn trying to... Dont understand it[

yomalex:
Lost my Sims with a friends phone i'm here(07051015440) till wednesday, are you using visa? if it's mastercard you have you have to go through mastercard, you could also transfer as usual

Aminat508:
Yea Visa, it's not going oo since nah I'm confused jare

yomalex:
Maybe you have not enrolled for Verified by Visa VBV. if you have mastercard make use of it if not do transfer o

when you go out make use of the following steps at an atm

1. Locate any nearest VISA/VPAY enabled ATM
2. Insert your card and punch in your pin
3. Select the pin change option
4. select Internet PIN (i-PIN) change option
5. Insert any four-six digits of your choice as your i-pin
6. Re-enter the digits entered in step 5
7. If you have done the above correctly, a message is displayed that your PIN was changed successfully. This means your card is now enrolled in the VbV program and you have an internet PIN (i-PIN) which can be for any internet related transactions.
8. Note that the word 'iPIN', 'Password' and 'VbV code' are the same
9. You can now visit your favourite VbV enabled site to shop securely

Please note that this is only for internet related transactions and it does not change your regular PIN used on ATM and POS

yomalex:
Maybe you have not enrolled for Verified by Visa VBV. if you have mastercard make use of it if not do transfer o

when you go out make use of the following steps at an atm

1. Locate any nearest VISA/VPAY enabled ATM
2. Insert your card and punch in your pin
3. Select the pin change option
4. select Internet PIN (i-PIN) change option
5. Insert any four-six digits of your choice as your i-pin
6. Re-enter the digits entered in step 5
7. If you have done the above correctly, a message is displayed that your PIN was changed successfully. This means your card is now enrolled in the VbV program and you have an internet PIN (i-PIN) which can be for any internet related transactions.
8. Note that the word 'iPIN', 'Password' and 'VbV code' are the same
9. You can now visit your favourite VbV enabled site to shop securely

Please note that this is only for internet related transactions and it does not change your regular PIN used on ATM and POS

Aminat508:
Ha!! Yomi!!

I need to get it now I have bn trying to call, still not going Send me yr account number tru mail, credit my account with 500 units

yomalex:
done o biko send glo recharge to 07051015440

Aminat508:
OK right now!!