emmanuelewumi:



They are, that is the parent company of First Bank, must have bought for you during their public offer.

Normalise the stock and start buying more

Much appreciated bro. Regards to the bolded, could you pls in a lay man terms expatiate how we can go about that and especially since we don't have the documents but the names references on the website? Thank you

GhostderGeist:


Much appreciated bro. Regards to the bolded, could you pls in a lay man terms expatiate how we can go about that and especially since we don't have the documents but the names references on the website? Thank you

Do you have means the of identification that matches with the names?

A Stockbroker will advise you on how to go about it

emmanuelewumi:



Do you have means the of identification that matches with the names?

A Stockbroker will advise you on how to go about it

Sure, several documents including international passport, nin, voters card, birth cert, local govt of origin and all qualifications docs.

Okay then, thank you.

Pls check ooooh out of curiosity i imput my family name ....several shares came out including me i guess bought by my late grand father on our names .....

emmanuelewumi:



Do you have means the of identification that matches with the names?

A Stockbroker will advise you on how to go about it

Just checked against my dads name and found the following 5 stocks
1...Afriland Properties pls
2...Resort Savings and Loans Limited
3...United Bank for Africa plc
4...Unity Bank plc
5...Mas Telecoms Innovation plc.
He says he has never received dividend from any, pls advice...

As regards unclaimed dividends in UACN, does anyone know how to pursue it for someone who's still alive.

Can it be done online or does the person have to present anywhere?

Also, is there a way of confirming how much is pending in unpaid dividends?

I also have 1250 units of Dangote flour bought during their IPO. I never collected any dividend from it. I lost the certificate 7 years ago.

So much monies about to be flagged status barred or already barred.
Many Nigerians invest and go to sleep. Wrong move!

emmanuelewumi:


Where is he based. He can rectify it online

he's based in edo state

Ibrahim505:
I also have 1250 units of Dangote flour bought during their IPO. I never collected any dividend from it. I lost the certificate 7 years ago.

For Dangote Flour contact EDC registrars for your cash equivalent of your holdings at the rate of N24/share which is the price Olam paid to buy out the existing shareholders of DFM

EDC Registrars Limited

23, Olusoji Idowu Street

Ilupeju, Lagos State

Phone No. (01)4538672, 08052927925, 08032216496

Emails: [info@edcregistrars.com & oakinrefon@edcregistrars.com]

Glad many of you are discovering your/deceased loved ones forgotten stocks/shares, it was like a magic when i first found my family members names there, i must confess that this forum has given me alot so i think sharing the link again is my little way of giving back. Enjoy all and share it with your friends!

Nice thread

What are the names of the companies he had shares in?[/quote]

Hello Oga Emma,
I saw my dad's name too. He has unclaimed dividends with GTB, Dangote Flour Mills and FBN, pls how do I proceed? He's still alive.

XiaoLi:
Glad many of you are discovering your/deceased loved ones forgotten stocks/shares, it was like a magic when i first found my family members names there, i must confess that this forum has given me alot so i think sharing the link again is my little way of giving back. Enjoy all and share it with your friends!

Yes, if not the link you posted l wouldn't have known that my dead relative had share, l told the only surving daughter last night over the phone and I can feel her joy over the news, even if the money is not much l will ensure she gets everything, once I commence the process for her, kudos to you and all regular posters on this thread

Emmydude:

What are the names of the companies he had shares in?

Hello Oga Emma,
I saw my dad's name too. He has unclaimed dividends with GTB, Dangote Flour Mills and FBN, pls how do I proceed? He's still alive.

On behalf of oga Emma; Here is what to do:
Download the respective e-mandates from this link
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Your dad takes them to his bank and submit. All things being equal ie no signature issues, the dividends not older than 12 years will be credited to his account. If otherwise the respective registrars will advice on the way forward.

N.B: For DFM your dad is getting a pay off not only dividend because Olam already bought the coy over and it has been delisted from the NSE

12inchess:

Can you tell me more about this.Though I was looking for something easier that could be done online. I'm not a big investor really. Just some of my small savings from my little income and all.

Do you know anyone that's into export? People who export cocoa, sesame seed, garlic, ginger, cashew, charcoal etc.

Exporters are paid in dollars for their consignments.

Exportation is the reverse of importation. Although, in export you'll need to do some documentation that will require you repatriating the fund back to Nigeria.

I'll advise you make further enquiries and get a trusted person to help you with the process.

emmasoft:


On behalf of oga Emma; Here is what to do:
Download the respective e-mandates from this link
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Your dad takes them to his bank and submit. All things being equal ie no signature issues, the dividends not later than 12 years will be credited to his account. If otherwise the respective registrars will advice on the way forward.

N.B: For DFM your dad is getting a pay off not only dividend because Olam already bought the coy over and it has been delisted from the NSE

Does this your last paragraph also applies to Alumaco of Nigeria plc? Is the company still active or delisted from the NSE? Thanks

AngelicBeing:
Does this your last paragraph also applies to Alumaco of Nigeria plc? Is the company still active or delisted from the NSE? Thanks

Alumaco was delisted since May 2016. I am not sure if it was a case of buy out because a company can be delisted but not buy out. I don't think Alumaco was a case of buy out it was just delisted most likely because of regulatory issues. in that case he gets any outstanding dividend. However, if it was a buy out, he will get the money as well.

emmasoft:


Alumaco was delisted since May 2016. I am not sure if it was a case of buy out because a company can be delisted but not buy out. I don't think Alumaco was a case of buy out it was just delisted most likely because of regulatory issues. in that case he gets any outstanding dividend. However, if it was a buy out, he will get the money as well.

Thanks

Good day, i heard UTC Nig PLC has been delisted, do you have an idea what happens in such a situation with investor's dividends? Are there chances of still benefiting from the investment.

Thanks in advance.

emmanuelewumi:



Do you have means the of identification that matches with the names?

A Stockbroker will advise you on how to go about it

Leezah:
Sir, it is not, Land in that area of ikorodu goes from 9m and above and the price is negotiable. I can give you receipts of the items used in putting the building up.

Same thing ahiboilandgas said, I cant rent out a property in a suburb of Lagos for 400k the apartment has been occupied.

I hardly comment on this thread but I have learnt that the men on this thread are very knowledgeable and informed about Nigeria investment environment.

So true @ above post.

emmanuelewumi:



With your N5 million you will buy a plot of land at Ogolonto about 5 minutes walk to the BRT stand

Ogolonto is closer to Maryland, compared to the hinterland location of Ikorodu where this property is located.

We are in a buyers market.

And Ikorodu tenants can owe for Africa, you will end up selling the property.

. The last part of your statement. I think it not a function of the area but the tenants in question, my opinion tho because a verification should be done on the tenants you can Google creditchex they help carry out verification on tenants, school debtors etc

Ema, I think you are wrong here. I am not sure that step of going to get signature confirmation from the bank is still a required step.
For those who the owners of such shares are still alive, they only need to find out who the registrar of that particular share is (Google will help here), download the e-mandate form, fill it, scan and send to the email of the registrar gotten from their site.

emmasoft:


On behalf of oga Emma; Here is what to do:
Download the respective e-mandates from this link
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Your dad takes them to his bank and submit. All things being equal ie no signature issues, the dividends not later than 12 years will be credited to his account. If otherwise the respective registrars will advice on the way forward.

N.B: For DFM your dad is getting a pay off not only dividend because Olam already bought the coy over and it has been delisted from the NSE

ojesymsym:
Ema, I think you are wrong here. I am not sure that step of going to get signature confirmation from the bank is still a required step.
For those who the owners of such shares are still alive, they only need to find out who the registrar of that particular share is (Google will help here), download the e-mandate form, fill it, scan and send to the email of the registrar gotten from their site.

No my brother we are saying the same thing. dividend mandate can be submitted at the bank or to the registrar that is what is obtainable right now. More so some registrars don't honour the scanned copy especially if first time. They prefer it coming from the bank or you going to them. I suggested the bank in case if it's difficult getting through to the registrar the bank becomes the best option. Going to the bank is not for the document to be signed but to be submitted. The bank then upload it to the common portal where the registrar have access. same thing if it's the other way round

Oh okay.
Most I have dealt with have always accepted my scanned copy. Entering the bank nowadays is a day's activity, so I am for anything to avoid it.

emmasoft:


No my brother we are saying the same thing. dividend mandate can be submitted at the bank or to the registrar that is what is obtainable right now. More so some registrars don't honour the scanned copy especially if first time. They prefer it coming from the bank or you going to them. I suggested the bank in case if it's difficult getting through to the registrar the bank becomes the best option. Going to the bank is not for the document to be signed but to be submitted. The bank then upload it to the common portal where the registrar have access. same thing if it's the other way round

ojesymsym:
Oh okay.
Most I have dealt with have always accepted my scanned copy. Entering the bank nowadays is a day's activity, so I am for anything to avoid it.

That is good. SEC is really handling these registrars. Their shakara dey too much before now.

Philantropists:

Good day, i heard UTC Nig PLC has been delisted, do you have an idea what happens in such a situation with investor's dividends? Are there chances of still benefiting from the investment.

Thanks in advance.

You will get the dividends from the registrar

emmasoft:


That is good. SEC is really handling these registrars. Their shakara dey too much before now.

Hello emmasoft, thanks for the great work that you are doing here. I ask you some few weeks ago about the best investment among tbills and fixed deposit and you suggested VGIF by investment one, please how can i go about it and hope it is safe considering what i want to use it for. Also i check the sec link that you posted and i saw my dad name there, i want to ask that is he going to take the form to his bank or just any bank

aliadi2:


Hello emmasoft, thanks for the great work that you are doing here. I ask you some few weeks ago about the best investment among tbills and fixed deposit and you suggested VGIF by investment one, please how can i go about it and hope it is safe considering what i want to use it for. Also i check the sec link that you posted and i saw my dad name there, i want to ask that is he going to take the form to his bank or just any bank

Yes VGIF is safe.
To register, click the link on my signature better still call or chat me 08181057319
For your dad let him complete the e dividend form and take to the bank he has account with.

Are we save with dmo debt instruments....The Debt Management Office, DMO is currently enmeshed in corruption scandal, Saturday Vanguard can report. Money amounting to N1.08 billion is alleged to be lost from 2017 till date, thereby raising corruption cases the country is battling.

It was learnt that the large-scale financial wrongdoings in the office would likely draw the attention of anti-graft agency, the Economic and Financial Crimes Commission.

The corruption is allegedly being perpetrated through various means ranging from awards of contracts, operating on temporary files, unauthorized overseas trips, organization of fictitious events, production of fake transport receipts and destruction of official documents.


Chronicle of frauds

In December, 2017, the office requested the then Minister of Finance, Kemi Adeosun to approve the sum of N90 million to cover travel expenses to states for eight DMO Staff to carry out reconciliation of the Paris Club Refunds. Adeosun approved N60 million for the exercise.

The money was released to the DMO via AIE No. CMD/SW/REC/008/2018 dated 12th January, 2018 but the members of staff nicknamed ‘the Task Force’, we gathered, never travelled to any states.


They rather worked in-house to conclude the assignment, using the records already in the possession of the DMO.

It was gathered that the money was subsequently withdrawn in tranches, brought to the office and distributed to the staff contrary to extant regulations

The first tranche of the money, it was learnt, was N4.8 million, the 2nd, 3rd & 4th tranches were released in the sum of N20 million each and N15.2 million respectively totaling N60 million.

It was gathered that the eight staff of DMO who did the work were only given about N2,500,000 each on the average, making a total of about N20 million with the balance of N40 million allegedly diverted.

Incidentally, the money which was an advance payment from the Ministry of Finance to DMO has not been retired till date.

In November, 2019, the office also approved money to be paid for events which included sensitization workshops on “various products recently introduced” by DMO in four commercial cities of Ibadan, Kaduna, Port Harcourt and Owerri. The events and trips, for which a total of N130 million was expended, it was gathered, never existed or took place.

N401.3million paid on contract splitting, media consultancy, using temporary file (T1- T1 million)