Shareholders seek extension of free e-dividend registration

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By Peter Egwuatu

Shareholders of quoted companies in the country, under the aegis of Proactive Shareholders of Nigeria, PROSAN, have called on the Securities and Exchange Commission, SEC to extend the period of its free e-dividend registration due to the breakdown of its portal.

The call for the extension is coming a day to the end of the free e-dividend registration exercise.

The members of the shareholders’ group, through its National Coordinator, Mr. Taiwo Oderinde, said: “We held a meeting and discussed on the increase in unclaimed dividend which had risen to over N60 billion and came up with solutions to reducing it. Meanwhile, our members have called on SEC to extend the deadline for the free e-dividend registration due to the fact that its portal has not been functioning for the past two weeks.

‘’After deliberation, we came up with decision to ask from the…



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