The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria reports.
The ones with registrars amounted to N14.64 billion and unclaimed dividend less than 15 months old stood at N24.77 billion. According to him, many investors during the banking consolidation bought shares with different names as well as other people’s names which they were yet to rectify. He said that over N100 billion out of the unclaimed dividend figures were from those unclaimed shares.
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