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Nairaland Forum / Nairaland / General / Investment / How To Retrieve Your Unclaimed Dividends (38923 Views)
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)
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Re: How To Retrieve Your Unclaimed Dividends by Dimmatic(f): 7:00pm On Jan 14, 2021 |
[quote author=pharmagba post=98043205] God bless you for this post You will never lose your hard earn money You will not labour and another will loot[/qu ote] The looters here are APC- fulanised - FG Thief thief n borrow n borrow oni igbese ole |
Re: How To Retrieve Your Unclaimed Dividends by jabor4Naija(m): 7:01pm On Jan 14, 2021 |
I have typed my name but I couldn't find it there and its just eight pages. I can't remember the registrar but I remember buying the shares way back in university from oceanic bank I think apart from that I can't remember any other thing. Any hope for me? |
Re: How To Retrieve Your Unclaimed Dividends by jabor4Naija(m): 7:02pm On Jan 14, 2021 |
BluntCrazeMan:. I have checked through but stillll can't find my name, I bought way back in the university, all I can remember is that I bought it from oceanic bank. So what do you suggest I do? 1 Like |
Re: How To Retrieve Your Unclaimed Dividends by Djshyne007(m): 7:52pm On Jan 14, 2021 |
Mummyfour:The process is called Transmission of shares into an estate account. 1 Like |
Re: How To Retrieve Your Unclaimed Dividends by Mummyfour(f): 8:30pm On Jan 14, 2021 |
Djshyne007:okay |
Re: How To Retrieve Your Unclaimed Dividends by osasuwa011: 8:31pm On Jan 14, 2021 |
BluntCrazeMan:Thank you |
Re: How To Retrieve Your Unclaimed Dividends by Nobody: 8:49pm On Jan 14, 2021 |
Mummyfour: Ok. I just did. |
Re: How To Retrieve Your Unclaimed Dividends by Lawalemi(m): 9:07pm On Jan 14, 2021 |
BluntCrazeMan: Exactly, it's very tiring. I've been dilly dallying over the years until today that I printed the forms and sent to the registrars. I never knew that I could fill online but I'm happy that finally something could be done about it. Let's hope for the best especially if they can pay the arrears 1 Like |
Re: How To Retrieve Your Unclaimed Dividends by Musty4ahmed1: 9:25pm On Jan 14, 2021 |
This is highly informative. I have just downloaded the e dividend form from my registrer EDC formerly Oceanic registrers. However I have few questions please, I have not received any dividend on my share since 2009, 1.I bought Dangote flour mill shares, are they going to credit my account iwith my unpaid dividend since 2009? 2. What is the current value of the dividend paid since 2019? 3. Can my dividend be paid to other bank apart from ECO bank which seems to be the parent bank of EDC? |
Re: How To Retrieve Your Unclaimed Dividends by 1sttruth: 9:43pm On Jan 14, 2021 |
I have tried this severally long before now but only get the same reply "Your signature does not match" An agent advised that I go to the company's head office for clarification which I can do considering the distance and time Pls advice ... |
Re: How To Retrieve Your Unclaimed Dividends by obonujoker(m): 9:43pm On Jan 14, 2021 |
Mummyfour: Oh thanks... Will do |
Re: How To Retrieve Your Unclaimed Dividends by seye4nii(f): 11:06pm On Jan 14, 2021 |
how can i claim mine since am not presently in Nigeria |
Re: How To Retrieve Your Unclaimed Dividends by Mummyfour(f): 11:25pm On Jan 14, 2021 |
obonujoker:if you can swear an affidavit on his behalf, go to the bank with his death certificate or any other evidence to get his signature mandate. You can transmit it to yourself and claim on his behalf. If you could liase with the registrar on this, you could be assisted. But you know how Nigeria things be. 1 Like |
Re: How To Retrieve Your Unclaimed Dividends by Nobody: 1:21am On Jan 15, 2021 |
Thanks for this information. |
Re: How To Retrieve Your Unclaimed Dividends by femo86(m): 1:33am On Jan 15, 2021 |
BluntCrazeMan: I saw my Name ooooo But seems DangoteFLOUR don pack up...not listed on the stock market again |
Re: How To Retrieve Your Unclaimed Dividends by richmanrichard: 1:51am On Jan 15, 2021 |
BluntCrazeMan:God bless u for this info.pls i need your input on my ordeal .i bought shares with universal insurance via a broker in 2008.i did not know much about shares then but i did buy n was equally issued a certificate& receipt. fastforward to 2018 when i wanted to collect my dividends, i contacted the registrar incharge of shares i bought but she said " my name was not on the list of their shareholders, that my shares might b fake".i used vex and threw my shares cert back to d shelves. Yesterday, i came across this your post and did exactly as you said, lo and behold, i saw my full name in bold letters along with the same registrar and the share i have with them. is it possible that they want to steal my shares? because that is the only thing in my head .i need ur suggestion.thankz. further moore, the result that came out when i searched were: my fullnames as Shareholder , the name of the company that i ve share , the registrar name but the acnt no was empty. pls help out |
Re: How To Retrieve Your Unclaimed Dividends by ifegy: 6:53am On Jan 15, 2021 |
BluntCrazeMan: Question: did you have to have any forms (or passport photos on forms) stamped by a bank, before submitting the form? |
Re: How To Retrieve Your Unclaimed Dividends by libertyfather(m): 7:12am On Jan 15, 2021 |
BluntCrazeMan: What about shares of bank like PHB |
Re: How To Retrieve Your Unclaimed Dividends by taylormed2(m): 8:43am On Jan 15, 2021 |
BluntCrazeMan:Did that and they asked for certs(cscs) and the stockbrokers he bought them from are no longer active, aimms and two other brokers like that. How can I recover the certs |
Re: How To Retrieve Your Unclaimed Dividends by Advantaged: 9:25am On Jan 15, 2021 |
@OP Many thanks for creating this thread. I have two questions please I checked the website, it says the exercise will end on February 28, 2018. I'm just curious- Was it extended without them updating their website because from your post and that of some others, they have been able to successfully complete the process I opened the form and clicked on First Registrars as it is the Registrar for First Bank where I have some unclaimed dividend. But I can't find First Bank on the list of Companies/Organisations under First Registrars. Do they also go by a different name? |
Re: How To Retrieve Your Unclaimed Dividends by Cantonese: 2:54pm On Jan 15, 2021 |
Glitterze: Ok. Thanks bro. |
Re: How To Retrieve Your Unclaimed Dividends by dj5naira(m): 3:19pm On Jan 15, 2021 |
timstone: FIGHT FOR YOUR RIGHT!!! |
Re: How To Retrieve Your Unclaimed Dividends by RICKYMARIO(m): 11:06am On Jan 16, 2021 |
BluntCrazeMan: Thanks. I'm currently trying to fill onlinethe form for my dad. They're asking for clearing house number and stock broking company but I can't seem to find it there. Hope I can submit like that |
Re: How To Retrieve Your Unclaimed Dividends by annanwa: 5:33pm On Jan 16, 2021 |
I would like to add,one has to be sure how he or she bought the shares,if it was bought in a primary market u are good to go but if it was bought through secondary market that is through a stock broking firm you will have to go back there to sign,cos the registrars will likely not have your signature mandate.... author=BluntCrazeMan post=98037017]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.[/quote] 1 Like 1 Share |
Re: How To Retrieve Your Unclaimed Dividends by gideonvalor98(m): 3:05am On Jan 17, 2021 |
Op should do well to help us answers these QUESTIONS we have raised on the thread, so as to be clear on the next steps. Thank you Pls Mod. let this topic be come up on front page for some good days, so that professionals in fields related to this topic can give advice and clarity to the issue. Thanks 1 Like |
Re: How To Retrieve Your Unclaimed Dividends by lavylilly: 10:33am On Jan 17, 2021 |
INFORMATION Stemming tide of unclaimed dividends. According to the provision of the Companies and Allied Matters Act (CAMA), unclaimed dividends are dividends not claimed within six months after declaration, and are returned to the company, from where the investors can make claims not later than 12 years. This implies that the shareholders would forfeit dividends not claimed within 12 years. if your dividend is more than 12yrs just forget it you CANNOT get it. if the owner of the share is deceased, you will have to get Letter of Administration (LOA) and getting it is stressful and when you do the government will take 10% of the unclaimed dividend 1 Like 1 Share |
Re: How To Retrieve Your Unclaimed Dividends by lavylilly: 10:36am On Jan 17, 2021 |
richmanrichard:Read what the op wrote on the first page and act fast |
Re: How To Retrieve Your Unclaimed Dividends by richmanrichard: 10:39am On Jan 17, 2021 |
lavylilly:i ve already done that but the registrar is trying to b funny. i wud hit lagos next tomorrow to visit their office .thankz for looking out |
Re: How To Retrieve Your Unclaimed Dividends by richmanrichard: 10:41am On Jan 17, 2021 |
lavylilly:my issue now is the account number |
Re: How To Retrieve Your Unclaimed Dividends by lavylilly: 10:46am On Jan 17, 2021 |
richmanrichard:They will frustrate you but show them some madness do not form any gentle man however if it more than 12yrs forget the dividend, you CANNOT get it. |
Re: How To Retrieve Your Unclaimed Dividends by Plut01: 12:13pm On Jan 17, 2021 |
BluntCrazeMan:. Can I share this? some people on my CL need it more than ever. . |
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