Why do I have to wait for months to dematerialize my shares?

Since early January I sent my Oceanic bank shares for dematerialisation through a broker as I want to dispose it and raise fund, but till now the broker keeps telling me that is not done yet.

I kept back other ones to myself hoping to use it as collateral to raise fund elsewhere as I wait for the Oceanic dematerialisation, but I've come to know that the share certificates are almost worthless now unless dematerialised into a CSCS account as it has been fruitless effort trying to use them as collateral.

I've now decided to send all the share certificates for dematerialization, but my great worry is how long will it take to get them done, as I really need to raise fund from them sooner.

Please any help on how to dematerialize shares within a possible shortest period of time.

I am interested in your Oceanic Bank shares. mail me at mibisnow@yahoo.co.uk

my intercont certificate took my broker about 3months. l learnt it takes about 3 - 6 months. so take am easy with ur broker.

But why should it take that long? Why must everything be so inefficient in this country?

Because the registrars are almost burried in papers as we speak now. They work shifts, with foams in last floors in their offices, yet they cannot "overpower" the doucments!

I guess we have to bear with them and ensure that we have regular signatures and proper documents in place before sending our documents through our brokers.

We could also ask our brokers for scaned copies of our "CDF" and get across to registerars electronically. It is faster.