Shareholders, stockbrokers, others kick against unclaimed dividends trust fund

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MAJOR stakeholders in the Nigerian capital market have berated attempt by the Federal Government to set up an Unclaimed Dividend Trust Fund, describing the move as a disincentive and an attempt to expropriate shareholders’ wealth. Unclaimed dividends are estimate to hit N200 billion by the year-end as several shareholders still neglect or are unable to claim their dividends. Cash dividends are classified as unclaimed if not collected within the payment period. Stakeholders said the proposed controversial plan by the Federal government to manage unclaimed dividends would have adverse effects on investor confidence and future growth of the market.

Comments

  1. UnknownNovember 23, 2020 at 7:58 AM

    I have tried myself through my bank UBA to get my dividends to know avail,and don't know what next to do.

    ReplyDelete

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