The Securities and Exchange Commission (SEC) has intensified investor education in Nasarawa State, specializing in monetary literacy, the restoration of unclaimed dividends and different funding belongings, and safety in opposition to fraudulent funding schemes.
The Commission additionally urged the Nasarawa State Government to strengthen its collaboration with the regulator to mobilise enterprise homeowners, cooperative societies, youth teams, market associations and different stakeholders for wider participation in the Nigerian capital market.
SEC Chairman, Mairiga Aliyu Katuka, made the decision throughout a courtesy go to to Governor Abdullahi Sule as a part of the Commission’s capital market consciousness, unclaimed funds and investor education outreach programme in Lafia.
Katuka thanked the state authorities for offering workplace house in Lafia for the Commission’s liaison workplace, which is anticipated to turn into operational quickly. The facility is meant to deliver the SEC’s companies nearer to buyers and residents of the state. The outreach additionally highlighted the problem of unclaimed dividends and different funding belongings, which can come up from incomplete investor data, outdated shareholder data, adjustments in checking account particulars and difficulties in transferring investments after an investor’s loss of life.
The SEC careworn the necessity for buyers and their beneficiaries to take steps to recuperate funds belonging to them by means of established procedures.
To facilitate the restoration of excellent dividends, the Commission highlighted the improved e-Dividend Mandate Management System, which permits dividends to be paid straight into shareholders’ financial institution accounts and permits buyers to replace their data.
Investors have been inspired to regularise their funding data, whereas registrars and different capital market stakeholders have been urged to enhance report administration and work in direction of resolving excellent claims.
During the go to, Katuka additionally counseled the state authorities’s efforts to advertise funding, enterprise and industrial growth, noting the significance of collaboration in increasing participation in the capital market.
Governor Sule, in his response, counseled the SEC’s regulatory position and efforts to guard buyers and strengthen confidence in the capital market. He additionally acknowledged the significance of public consciousness in serving to residents perceive funding alternatives and make knowledgeable monetary selections.
The Commission stated the outreach was a part of its nationwide efforts to enhance monetary literacy, promote respectable funding alternatives and shield Nigerians from fraudulent funding schemes.
It additionally emphasised the necessity for an knowledgeable public to make sound monetary selections, safeguard financial savings and take part responsibly in the monetary markets.
Representatives of related establishments, together with the ICMR, the Probate Registry, the National Population Commission, SEC departments and academia, attended the programme to debate points regarding unclaimed investments and public understanding of the capital market.
