How To Retrieve Your Unclaimed Dividends - Investment (3)

How To Retrieve Your Unclaimed Dividends - Investment (3) - Nairaland

Nairaland Forum › Nairaland General › Investment › How To Retrieve Your Unclaimed Dividends (46649 Views)

1 2 3 4 5 6 7 8 9 Reply (Go Down)

Re: How To Retrieve Your Unclaimed Dividends by osasuwa011: 11:50am On Jan 14, 2021

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

2 Likes

Re: How To Retrieve Your Unclaimed Dividends by jcflex(m): 11:53am On Jan 14, 2021

BluntCrazeMan:
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.

@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

1 Like

Re: How To Retrieve Your Unclaimed Dividends by Mentorme: 11:53am On Jan 14, 2021

I have tried that before but the registrars are frustrating me. Only one went through despite having other shares with the same registrar.
Please, I need share broker that can do the whole process to me.

2 Likes

Re: How To Retrieve Your Unclaimed Dividends by NaMeAboki: 11:57am On Jan 14, 2021

I completed my forms and submitted to my bank (FCMB) before the 28/02/18 SEC e-dividend deadline; but have not received any thing since then.
Have subsequently made enquiries at the bank but they seem to not know anything about the matter and quite nonchalantly redirected me to go to my registrars instead (which I've not done yet).
Surprisingly; after entering my name in the SEC search platform only two out of my shares emerged - in contrast to all four when I last logged into the said platform back in 2018; I am now concerned whether those shares are still intact or lost to fraud.

What should I do? I still got my documents pertaining to the shares but not the actual certificates which are still with my brokers.

1 Like

Re: How To Retrieve Your Unclaimed Dividends by Freksy(m): 12:01pm On Jan 14, 2021

BluntCrazeMan:
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.

Re: How To Retrieve Your Unclaimed Dividends by Redcrafton: 12:06pm On Jan 14, 2021

I know must unclaimed dividends belong to the southerners.

People should do everything possible to collect them as this government that always want a way to punish the south, intend to claim it and sent it to the north, while the south have nothing....

The unclaimed dividends and dormant account is worth N895B

https://businessday.ng/business-economy/article/what-fgs-plan-to-borrow-n895bn-unclaimed-dividend-funds-in-dormant-accounts-means-for-banks-economy/

CC Simplyleo

2 Likes

Re: How To Retrieve Your Unclaimed Dividends by BluntCrazeMan(op): 12:11pm On Jan 14, 2021

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?

Re: How To Retrieve Your Unclaimed Dividends by bashsani(m): 12:13pm On Jan 14, 2021

BluntCrazeMan:
The truth here is that, if you are not a patient person, you may end up finding all these processes very tiring and irritating.
I have done mine though, and it all took me three days to download, fill, and submit the forms for the companies I had shares in. Some Registrars Websites even made it possible for their own E-mandate Form to be filled Online on their website too, so that there won't be any need to download and fill.
..
The next thing I want to do about this is to know how much exactly is my unclaimed dividends, and how much of it had expired already.

thanks
thats quiet helpful
pls what if i want to cash out on everything?
how do i go abt it?

1 Like

Re: How To Retrieve Your Unclaimed Dividends by JWhite2Deep: 12:14pm On Jan 14, 2021

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?

1 Like

Re: How To Retrieve Your Unclaimed Dividends by wiloy2k8(m): 12:19pm On Jan 14, 2021

BluntCrazeMan:
The truth here is that, if you are not a patient person, you may end up finding all these processes very tiring and irritating.
I have done mine though, and it all took me three days to download, fill, and submit the forms for the companies I had shares in. Some Registrars Websites even made it possible for their own E-mandate Form to be filled Online on their website too, so that there won't be any need to download and fill.
..
The next thing I want to do about this is to know how much exactly is my unclaimed dividends, and how much of it had expired already.

Can u get jn contact with you and talk .. i need to ask questions

1 Like

Re: How To Retrieve Your Unclaimed Dividends by jcflex(m): 12:28pm On Jan 14, 2021

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

my name does not appear

1 Like

Re: How To Retrieve Your Unclaimed Dividends by Glitterze: 12:43pm On Jan 14, 2021

Cantonese:
If the dividends expire what happens to the shares? Do they expire too?

I don't get you. Are you answering my question or asking me another one? Or are you being sarcastic?

1 Like

Re: How To Retrieve Your Unclaimed Dividends by Machidon: 12:48pm On Jan 14, 2021

BluntCrazeMan:
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 beca
use, 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.

I want to ask. What of someone that's decease but as the next of kin can I have access to the dividends. tnx.

Re: How To Retrieve Your Unclaimed Dividends by CeCeEkol(f): 1:01pm On Jan 14, 2021

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

1 Like

Re: How To Retrieve Your Unclaimed Dividends by CeCeEkol(f): 1:10pm On Jan 14, 2021

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

2 Likes

Re: How To Retrieve Your Unclaimed Dividends by britiko: 1:11pm On Jan 14, 2021

BluntCrazeMan:
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.

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.

1 Like 1 Share

Re: How To Retrieve Your Unclaimed Dividends by kelechi50: 1:24pm On Jan 14, 2021

I sent all the certificate of the shares I bought for my children to my broker but to no avail intercontinental bank and first bank.

1 Like 1 Share

Re: How To Retrieve Your Unclaimed Dividends by greenprince(m): 1:25pm On Jan 14, 2021

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.

I am, please keep me informed if you find a solution.

Thank you.

1 Like 1 Share

Re: How To Retrieve Your Unclaimed Dividends by IHIEGOD: 1:30pm On Jan 14, 2021

God surely will bless you, I bought shares since 2007 and till now I have not gotten one naira as dividend but with this process I am sure I will claim my dividend before this Yahoo Yahoo govt claims it.thank u ones more.

1 Like 1 Share

Re: How To Retrieve Your Unclaimed Dividends by owunabastard: 1:42pm On Jan 14, 2021

What I did just now is to fill the PDF form, then scanned the form and send the attachment through email to their email address which is info@firstregistrarsnigeria.com (which is in the downloaded form)
I don't know whether the procedure is correct and also hoping to get their response

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.

Re: How To Retrieve Your Unclaimed Dividends by Nickshrapnel: 1:43pm On Jan 14, 2021

Re: How To Retrieve Your Unclaimed Dividends by kizsis(m): 1:54pm On Jan 14, 2021

good day nairalanders. please I have a question about this. pls I need answers. my dad's is late and I was able to check his name of the website. I saw his name and the name of the registra. is this only for people who are alive? how can family members get access to theirs lost ones dividends?

Re: How To Retrieve Your Unclaimed Dividends by 1kinggy(m): 1:54pm On Jan 14, 2021

BluntCrazeMan:
The truth here is that, if you are not a patient person, you may end up finding all these processes very tiring and irritating.
I have done mine though, and it all took me three days to download, fill, and submit the forms for the companies I had shares in. Some Registrars Websites even made it possible for their own E-mandate Form to be filled Online on their website too, so that there won't be any need to download and fill.
..
The next thing I want to do about this is to know how much exactly is my unclaimed dividends, and how much of it had expired already.

It depends on your access to network, printer and scanner. i did all mine within a couple of hours. about 10 registrars. When the alerts started coming in, i had to mute my phone. even though some were as low as 1.17naira grin

Re: How To Retrieve Your Unclaimed Dividends by nautybride: 2:02pm On Jan 14, 2021

God bless you for this post

Re: How To Retrieve Your Unclaimed Dividends by BluntCrazeMan(op): 2:38pm On Jan 14, 2021

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.

Re: How To Retrieve Your Unclaimed Dividends by BluntCrazeMan(op): 2:40pm On Jan 14, 2021

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.

Re: How To Retrieve Your Unclaimed Dividends by BluntCrazeMan(op): 2:43pm On Jan 14, 2021*

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

Re: How To Retrieve Your Unclaimed Dividends by BluntCrazeMan(op): 2:50pm On Jan 14, 2021

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

Re: How To Retrieve Your Unclaimed Dividends by BluntCrazeMan(op): 2:54pm On Jan 14, 2021

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.

1 Like

Re: How To Retrieve Your Unclaimed Dividends by naiirablog: 3:13pm On Jan 14, 2021

Re: How To Retrieve Your Unclaimed Dividends by BluntCrazeMan(op): 3:34pm On Jan 14, 2021

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.

Re: How To Retrieve Your Unclaimed Dividends by Cantonese: 3:35pm On Jan 14, 2021

Glitterze:
I don't get you. Are you answering my question or asking me another one? Or are you being sarcastic?

I am not being sarcastic please. I am asking a question.
My question is about people who need to make claims of the dividends of their deceased ones. How can they go about it?

1 2 3 4 5 6 7 8 9 Reply

3 Quick Ways To Retrieve Your Unclaimed Dividend In Nigeria • How To Recover Unclaimed Dividends In Nigeria • Unclaimed Dividends: How To Get Them Back • 2 • 3 • 4

Man Beats Wife To Coma for Investing Children's School Fees In MMM • EFCC Warns Public About 58 Illegal Ponzi Scheme Operators (list) • Have MMM Participants Given Up?