Unclaimed dividend surges to N215bn, SEC mulls special units to address issue

Following the surge in unclaimed dividend to a whopping N215bn, the Securities Exchange Commission (SEC) has disclosed that it will set up special units to address the issue which has been described as a “monster in the capital market”.

This development was announced by Emomotomi Agama, SEC’s director-general at a news conference held after the capital market committee (CMC) meeting on Thursday in Lagos.

Agama said the commission is strongly making efforts towards reducing unclaimed dividends.

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