The Securities and Exchange Commission (SEC) of Nigeria has launched a nationwide campaign to help investors recover unclaimed dividends and other dormant monies.
The initiative marks a direct effort by regulators to clear backlogs of unpaid distributions that have accumulated across listed companies.
The drive focuses on educating shareholders on how to claim outstanding funds, a process that has historically been opaque for many private investors.
By streamlining access to these assets, the SEC aims to restore confidence in the local equity market’s income distribution mechanisms.
This move follows earlier reports that the Nigerian government was advancing plans to take custody of unclaimed dividends, a proposal that raised concerns among investors about state intervention in private assets.
The current enlightenment campaign appears to be a corrective measure, prioritizing the return of funds to rightful owners rather than escheatment to the state.