SEC takes e-dividend registration sensitisation campaign to Lagos

Securities & Exchange Commission (SEC) is set to commence another round of sensitization campaign on e-Dividend registration which is currently on-going in the country.

This next campaign is scheduled for Lagos from February 8-11, 2016 beginning with a three-day Road Show to be rounded up with a Town Hall meeting on the last day.

Last month, the Commission embarked on a robust campaign to sensitize members of the investing public on the on-going e-dividend registration and other initiatives that have commenced as a result of implementation of the Ten (10) year Capital Market Master Plan. The aim is to eradicate the difficulty encountered by retail investors in claiming their dividends.

The SEC last year July, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS) launched the e-payment platform and advised investors and all shareholders in the capital market to approach their banks/registrars to obtain an e-Dividend Mandate form for immediate processing and upload to the e-Dividend Mandate Management System (e-DMMS).