{"id":28620,"date":"2018-12-06T15:14:37","date_gmt":"2018-12-06T14:14:37","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=28620"},"modified":"2018-12-06T15:14:37","modified_gmt":"2018-12-06T14:14:37","slug":"e-dividend-registration-will-boost-liquidity-sec","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/","title":{"rendered":"E-dividend Registration Will Boost Liquidity – SEC"},"content":{"rendered":"

The Securities and Exchange Commission, SEC has enjoined more Nigerians to take advantage of the on-going\u00a0 e-dividend registration in a bid to reduce the unclaimed dividends profile as well as increase liquidity in the capital market and the economy.<\/p>\n

Acting Director General of the SEC, Mary Uduk, stated this at an Enlightenment program on e-Dividend and contemporary issues in the Nigerian Capital Market held in Enugu, Thursday.<\/p>\n

The event which had as its Theme: “Current Initiatives by the Securities and Exchange Commission, SEC Nigeria to Enhance Investor Value” drew participants from various segments of the society.<\/p>\n

Represented by the Head, Port Harcourt Zonal office of the SEC, Mr. Obi Adindu, Uduk disclosed that the Commission is currently leading the entire capital market industry in an effort to migrate all shareholders to an E \u2013Dividend regime.<\/p>\n

According to her, \u201cThe essence of the E-Dividend Mandate Management System is to eradicate or reduce to the barest minimum the incidence of unclaimed dividend. Unclaimed dividend is an undesirable feature of the Nigerian capital market which denies investors\/shareholders the gains of participating in the capital market. It denies the economy access to the huge amount of money which should have accrued to shareholders and would have gone into circulation to oil the wheel of the economy.<\/p>\n

\u201cIt is a consequence of the bottlenecks which are inherent in the erstwhile paper dividend warrant regime such as postal system inefficiency, change in investors\u2019 addresses, poor fidelity and human fallibility in dividend payment processes, amongst others.<\/p>\n

She stated that the E\u2013Dividend regime bypasses these limitations by ensuring that dividends which do not exceed 12 years of issue are credited directly to an investors account after declaration by the paying company and within a stipulated payment period through simple interbank transfer.<\/p>\n

The E-Dividend registration exercise started on November 23, 2016. Each successful registration cost N150, however, between that time and March 31, 2018, the Commission underwrote the registration cost for all investors that mandated. It is my pleasure to let us know, that a total of 2.4million accounts had been mandated.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cMay I therefore implore you all to key into the E-Dividend registration exercise by visiting the nearest bank branch or registrar. In addition to migrating to the E\u2013Dividend regime yourselves, kindly tell everybody you know to do same in their best interest.<\/p>\n

\u201cI am informed that some registrars are present at this forum. I implore us to visit them and take advantage of the services they are providing to register for your E-Dividend, here and now\u201d she stated.<\/p>\n

Uduk also disclosed that the SEC is implementing various initiatives which are aimed at making our market deeper, vibrant and more effective.<\/p>\n

According to her \u201cThe forbearance window for shareholders with multiple subscriptions has been extended by another year from the December 31, 2018 deadline previously communicated. Consequently, we enjoin those who have not come forward for the regularization of shares purchased with multiple identities, to do so.<\/p>\n

\u201cWe have also developed a two-pronged approach to addressing the intractable challenges associated with transmission of shares related to the estate of deceased investors. The first step would involve engagement with and enlightenment of the Probate Registry with a view to providing solutions to the cumbersome process of transmitting shares. Secondly, Rules would be developed around the time frame for transmission shares and the fee structure\u201d.<\/p>\n

Photo Caption:\u00a0Representative of the Department of State Security, Mr. Egede Malachy Udochukwu,\u00a0Head, Port Harcourt Zonal Office Securities and Exchange Commission, Mr. Obi Adindu and\u00a0\u00a0Representative of the Nigeria Police, Mr. Adamu Garba, at the Enlightenment program on e-Dividend and contemporary issues in the Nigerian Capital Market held in Enugu, Thursday. N<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission, SEC has enjoined more Nigerians to take advantage of the on-going\u00a0 e-dividend registration in a bid to reduce the unclaimed dividends profile as well as increase liquidity in the capital market and the economy. Acting Director General of the SEC, Mary Uduk, stated this at an Enlightenment program on e-Dividend …<\/p>\n","protected":false},"author":6,"featured_media":28621,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17],"tags":[5019],"coauthors":[2391],"class_list":["post-28620","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","tag-s"],"yoast_head":"\nE-dividend Registration Will Boost Liquidity - SEC - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-dividend Registration Will Boost Liquidity - SEC - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Securities and Exchange Commission, SEC has enjoined more Nigerians to take advantage of the on-going\u00a0 e-dividend registration in a bid to reduce the unclaimed dividends profile as well as increase liquidity in the capital market and the economy. Acting Director General of the SEC, Mary Uduk, stated this at an Enlightenment program on e-Dividend …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-06T14:14:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/12\/thumbnail-8.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"723\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/12\/thumbnail-8.jpeg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/12\/thumbnail-8.jpeg\",\"width\":1080,\"height\":723},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/\",\"name\":\"E-dividend Registration Will Boost Liquidity - SEC - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#primaryimage\"},\"datePublished\":\"2018-12-06T14:14:37+00:00\",\"dateModified\":\"2018-12-06T14:14:37+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"E-dividend Registration Will Boost Liquidity – SEC\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"E-dividend Registration Will Boost Liquidity - SEC - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/","og_locale":"en_US","og_type":"article","og_title":"E-dividend Registration Will Boost Liquidity - SEC - National Wire","og_description":"The Securities and Exchange Commission, SEC has enjoined more Nigerians to take advantage of the on-going\u00a0 e-dividend registration in a bid to reduce the unclaimed dividends profile as well as increase liquidity in the capital market and the economy. Acting Director General of the SEC, Mary Uduk, stated this at an Enlightenment program on e-Dividend …","og_url":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/","og_site_name":"National Wire","article_published_time":"2018-12-06T14:14:37+00:00","og_image":[{"width":1080,"height":723,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/12\/thumbnail-8.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/12\/thumbnail-8.jpeg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/12\/thumbnail-8.jpeg","width":1080,"height":723},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/","name":"E-dividend Registration Will Boost Liquidity - SEC - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#primaryimage"},"datePublished":"2018-12-06T14:14:37+00:00","dateModified":"2018-12-06T14:14:37+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/e-dividend-registration-will-boost-liquidity-sec\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"E-dividend Registration Will Boost Liquidity – SEC"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/28620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=28620"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/28620\/revisions"}],"predecessor-version":[{"id":28622,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/28620\/revisions\/28622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/28621"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=28620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=28620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=28620"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=28620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}