₦airaland Forum

britiko:
Thank u so much. Just did this and found my gt bank and dangote flour mills. I bought these as a youth Corp member over 22yrs ago and wasn't sure how to go about retrieving d dividends.

Follow the steps as outlined in the original post.

CeCeEkol:
Just tried it now, inputed my name and nothing came up! what next please?

Your stockbrokers are in the right position to explain to you what happened

CeCeEkol:
Thank you..please how do i get the address of the registrar for my bank?

Google does that very very well.
Just ask it the right questions.

jcflex:
my name does not appear

Then you really need to meet your Stockbroker.
They didn't do their work well.
Take all your documents and certificates and get back to them for further explanations.

JWhite2Deep:
Please, would one require to go to the bank to sign and stamp before scanning and sending the e-dividend mandate form to your registrar involved?

Some Registrars require that they see the stamp of your bank on the filled E-mandate Form, even if you scanned it and emailed it to them.

jcflex:
@op is this also applicable to Public offers,
I remember I bought DAAR Communication public offer back in 2007/2008 both mine and my Mum.
i also bought Skye bank share back then. i don't have the certificate of this shares as at now. due to relocation up and down

Have you searched for your name on the SEC search site?

osasuwa011:
Thank you bro for this info.
I visited First registrar site to begin my process online. I got to realise one has to pay #1000 to register to have access to their online portal. Op please is part of the process

In that case, you don't have to log in into their paid site.
Just download the form from the SEC search site, fill it offline, then start up a communication with them on their email.
Then, upload the filled form back to them on their email

keeper303:
Yes, i filled the form through Africa Prudential official website. First time I am signing my signature on a form online.

That's very nice.
You need to establish a communication with them.
They also need to tell you how much your unclaimed dividends is.
They are the Registrar to your Company.
So, they should be able to tell you your worth in the Company.

Capernum:
Please. Someone help. I just search for my late dad's name and I found his name with African prudential registrars. I have downloaded the forms. Please what is next?

Remember that he is dead, how do I get his without fail? BluntCrazeMan please help

Fill the form and submit..
If you have any further questions, you need to communicate the Registrar immediately.
They are the ones that have all your details.

lorhema:
The hurdles placed by the registrars on the path to your completing the processing of the e-dividend mandate frustrates many people. That's why the figures for unclaimed dividends s keep increasing. I was one of them till I tied my wrapper and tried again last year. I'm still on it.


Actually, rather than have these registrars and companies creaming off the dividend funds and frustrating owners, the government should use the unclaimed dividends and put them to good use.

But we don't trust our Government..
That's the biggest wahalla.
They will just loot it.
..
You now see why many people wanted it back by all means??
Because Government Looters are now interested in it.

motayoayinde:
WAS AT FIRSTREGISTRARS AND I SAW A NOTICE SAYING THAT UNCLAIMED DIVIDENDS OF MORE THAN 12 YEARS WON'T BE GIVEN.

HOW TRUE IS THIS PLEASE?

You need to start up a communication with them immediately.
Let them explain to you what exactly they mean by that.

KosiGee:
@ BluntCrazyMan,

Thank you for creating this awareness.

I have started the process but I just noticed that Firstbank e mandate form is on pdf. They also require that a passport photo be attached with customers detail written behind it.

There seem to be no option of completing the form, scanning and emailing it especially for those who are not in Nigeria.

Not sure if anyone is having the same issue.

Can't you print it out there from outside Nigeria?? And also fill it there, Attach your photo, and scan it back to the email of the Registrar from there (outside Nigeria)??
You need to contact the Registrar.
They are in the best position to tell you what next to do (especially if you are not currently in Nigeria).

Dreambeat:
Unfortunately I don't live in the country, the shares I bought long ago have been moved from one registrar to the other, hence they have been tossing me around yet no solution in sight

Search out for the current Registrar of the company.
Then, continue your communications with the current Registrar of the company.

timstone:
My unclaimed divident from access bank since 2005.A friend told me to visit the bank
That it will be paid into my access bank account
Went there meant the customer care
She ask me to fill some form
Since last two year nonthibg enter into my account
Any time I visit the bank,the crowd alone discouraged me from fighting for it.

Access Bank Can Only tell you about your Account in Access Bank, but not about your shares.
Only The Registrar of Access Bank in the Stock Exchange Market can give you the answers you seek.

davidsthe:
it's only right to acknowledge sources if you qouted someone's intellectual property. reference adequately

In Fact, Get Lost.!!
You Just Typed Nonsense.!!

Dreambeat:
Unfortunately I don't live in the country, the shares I bought long ago have been moved from one registrar to the other, hence they have been tossing me around yet no solution in sight

You can communicate with them with calls and emails.

davidsthe:
it's only right to acknowledge sources if you qouted someone's intellectual property. reference adequately

Please, are you the original owner of the post??
Or, do you know the link to the original post?
Then, show me the link to the original post, let me see name or moniker of the original poster, and reference my post adequately.
Thanks.

taylormed2:
My dad bought some shares for I and my siblings about 10 yrs ago, searched and saw our names, but his stockbroker is no longer operational. And he doesn't have the certs. How can we claim our dividends

In your case, the name of the Registrar is more important than the Stockbroker’s name.
It's a good thing that your name is on the search website.
Contact the Registrar immediately

Ocallen:
Op, please how can one claim the dividends of a deceased person? Can you please enlighten us about it. We keep receiving the dividend certificate. Please help. Thank you.

The Registrar of the company of the deceased person is the key (and the solution) to this very problem..
Contact them immediately

Gudlite:
PLEASE CAN I RETRIEVE MINE WITH THIS KIND OF STORY,

I BOUGHT ZENITH SHARES WHEN I WAS A SPINSTER AND LATER GOT MARRIED , DUE TO CBN RULE THAT COMES WITH BVN ,ALL ACCOUNT WILL HAVE SAME NAME,SO I HAVE CHANGED ALL MY BANK DETAILS TO MY MARITAL NAME,

HOW DO I LINK MY SHARES THAT HAS MY MAIDEN NAME TO MY BANK ACCOUNT THAT HAS MY MARITAL NAME?

Search for your maiden name.
If you see it, then, you need to contact your Registrar for what next move to take.

ngeneukwuewuGOAT:
I have too ooo but I cannot remember anything about that hares again

Search your name first.
Then you will know what else to do.

jcflex:
@op is this also applicable to Public offers,
I remember I bought DAAR Communication public offer back in 2007/2008 both mine and my Mum.
i also bought Skye bank share back then. i don't have the certificate of this shares as at now. due to relocation up and down

Have you searched out for your name on the search website??
What is it showing you after you searched?

Jaqenhghar:
What if you dont see your name. I mean I jave the share certificates and all

Then, you need to go back to your Stockbroker. (Your Stockbroker is the person or company who handled your stock trades for you)

Mummyfour:
If you could call your registerers and provide them with an evidence that you own the account you are referring to, and go ahead to ask them for the value of your dividend, they would tell you

Thanks..
I will contact them immediately.
I will Not waste time on this one.

keeper303:
Thank you very much. I followed the steps in your post and when I wrote my name on the SEC website it turned out 3 companies against my name. I filled the E-mandate form supplied by Africa Prudential. Africa Prudential has acknowledged receipt of my form.

I wish you the best...
I guess you filled the Africa Prudential E-mandate Form online inside their Official website??

DarkJeddi:
Another pipe dream,let them issue the permanent ID card first..

They said that since the NIN is more important than the Permanent ID Card, then there is no need again for the permanent ID Card..

femi4:
Less is More

Too many features will kill the already epileptic app

Chaaiii.!!
Oga Please Take Am Easy..

DSS1335:
Thanks op for the information, I will give a try.

I wish you the best bro.

It was in the news some days ago that: “The Federal Government Is Planning To Borrow Dormant Account Balances And Unclaimed Dividends” (https://www.nairaland.com/6349423/fg-borrow-dormant-account-balances).
..
It was also in the news some days ago that: “SERAP Asks Buhari To Drop Plans To Borrow Dormant Account Balances And Unclaimed Dividends” (https://www.nairaland.com/6355484/serap-asks-buhari-drop-plan)
..
But in the meantime, we the citizens can prevent our hard earned funds that were abandoned for some period now - from being used and then being finally looted and cornered into private pockets on the long run.
..
Mostly to be affected funds are those Dormant Accounts that belonged to deceased persons, for which it would involve some rigorous processes in order to retrieve.
..
Then, another most likely to be affected funds are Unclaimed Dividends. This one could heavily affect both living and deceased persons.
And the Federal Government is actually targeting these funds.
..
BUT THE UNCLAIMED DIVIDENDS CAN BE RECLAIMED.
..
The Unclaimed dividends increased from ₦109.1 billion in Devember 2016 to ₦130 billion in December 2019, and it continues to increase.

Here below are the steps to follow in retrieving unclaimed dividends.

Step 1: Input your first name and last name into the Official “Securities and Exchange Commission (SEC)” Search link: https://sec.gov.ng/non-mandated/ in order to get a list of all your shares from the SEC.
This will give you a screenshot of all the companies you have shares in, and the registrars in charge.

Note: if you have changed your name due to marriage or other reasons, search with your previous name and also try different format of name e.g those with prefixes e.g 'Olu', 'Oluwa' etc

Step 2: Take note of your registrar’s name and your Shareholders Account Number for each of the companies you have shares in - This Is Very Necessary. (Note: A Registrar, is a company that keeps the shareholder’s details for other companies.)

Step 3: Click on the Registrar’s name beside the Company's name, then download and fill your registrar’s E-mandate form.

Step 4: Submit your form by mailing the filled forms to the Office of the Registrars, or by submitting it at your bank, or by searching out for the official email address of the Registrars and Uploading the filled form to them through their email. (Note: some companies may require you to go to your bank and get a bankers confirmation, so they can initiate the e-dividend form for you.)

Once this is done, your account will be credited automatically with the e-dividend going forward.
..
It is best to go to the official website of the Registrars as well as that of the company itself, before proceeding to download and fill the forms. This is because, there might had been lots of changes since the last time you abandoned shares.
For instance, the company's name or registrar’s name might have changed, or maybe the company might have changed their old registrar to a new one. In some cases, the Shareholders Account Number may not be available on the SEC search site, in that case, you have to send an email to the registrars of such Company in order to have your Shareholders Account Number sent to you through email.