Shareholders speak on SEC’s effort to streamline share transmission process


Over time, investors in the Nigerian capital market have been complaining about the cumbersome process of taking ownership of the investments of their deceased family members. However, the  Commission said it has made some progress in attempting to resolve the issues around transmission of shares related to the estate of deceased investors, adding that the process has commenced with the Lagos State Probate Registry.

Here, investors speak on the SEC’s move.Excerpt:

By Nkiruka Nnorom

The New rule should cover expenses, commission paid by beneficiaries — Chibuzo Eke, ISAN member

Stock Market

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The move by SEC to make amendments to the rule is okay because of the bottleneck that the beneficiaries go through in claiming the investment of their loved ones as soon as such holders die. So, it is very good if the Commission can ease and enhance the entire process because you discover that the…

Source: Vanguard Newspaper