Regulatory Alerts2015-10-19
Public Notice on the Implementation of e-Dividend Mandate Management System (e-DMMS) Portal
The Securities and Exchange Commission (SEC) has activated the e-Dividend Mandate Management System (e-DMMS) portal to enable Nigerian shareholders to efficiently enroll for dividend payments. Investors complete a mandate form at either a bank branch or registrar office, where officials validate the Bank Verification Number and account details before uploading the document to the central system. This initiative, supported by the Central Bank of Nigeria and NIBSS, aims to significantly reduce unclaimed dividends and streamline equity market operations.
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