The Securities and Exchange Commission (SEC) of Nigeria has launched a probate clinic aimed at curbing unclaimed investments and strengthening investor protection.
The initiative is designed to help investors recover dormant monies, including unclaimed dividends, that have accumulated in the market.
This move builds on a nationwide campaign previously launched by the regulator to assist investors in reclaiming these funds.
The probate clinic represents a direct effort by authorities to clear backlogs and ensure that dormant assets are returned to their rightful owners.
The development underscores the SEC's ongoing focus on market integrity and investor confidence in Nigeria's capital markets.
By addressing the issue of unclaimed funds, the regulator aims to enhance transparency and trust among retail and institutional participants.