Your Unclaimed Dividends and the Federal Government

Per the recently signed Finance Act 2020, unclaimed dividends and bank account balances unattended to for at least six years become trust funds under the Unclaimed Fund Trust Fund which will serve as a special credit to the Federal Government. All funds transferred become a special debt owed by the government to shareholders or dormant …

How To Claim Your Unclaimed Dividends/Unclaimed Shares

Unclaimed Dividends/Unclaimed Shares in the Nigerian Capital Market went as high as N158 billion as of December 2019. Roughly N100 billion of unclaimed dividends are unclaimed shares. What are dividends? Dividends represent your earnings as a shareholder in a registered company, which becomes unclaimed if not owned after six (6) months of it being paid. …