2024-07-02
The Securities and Exchange Commission has launched a revamped e-Dividend Mandate Management System Portal to curb unclaimed dividends and enhance investor experience in Nigeria. The new self-service interface enables investors to virtually mandate their accounts for electronic dividend collection without visiting registrars or banks. Investors with non-mandated accounts are directed to the SEC website and NIBSS portal to complete registration, while alternative bank or registrar pathways remain available.
The Securities and Exchange Commission (“the Commission”) hereby announces the launch of the revamped e-Dividend Mandate Management System (e-DMMS) Portal. This initiative is another important step towards curbing the growth of unclaimed dividend and generally improving investor experience in the Nigerian Capital market. The revamped e-DMMS Portal introduces a “self-service interface” that allows investors apply to mandate their accounts for e-dividend virtually, without having to visit a Registrar or a Bank. Investors whose shareholding accounts appear on the list of non-mandated accounts hosted on the Commission’s website ( ww.sec.gov.ng/non-mandated ), are advised to use the new self-service portal by clicking on the “NIBSS Self Service” link or log on to https://docuhub3.nibss-plc.com.ng/edmms/self-service . Alternatively, investors may approach their respective registrars or banks to register for collection of their unclaimed dividends and the receipt of subsequent dividends electronically. Investors are also encouraged to refer the Frequently Asked Questions (FAQs) provided on the Commission’s website for more information and guidance. Signed Management June 24, 2024