They are not stressing you. ✓ They are trying to verify ownership of your shares Your CSCS statement comes from: Central Securities Clearing System It shows: • the shares you own • your CHN (Clearing House Number) • your personal details Think of it as: ✓ proof that the shares belong to you Why theRead more
They are not stressing you.
✓ They are trying to verify ownership of your shares
Your CSCS statement comes from:
Central Securities Clearing System
It shows:
• the shares you own
• your CHN (Clearing House Number)
• your personal details
Think of it as:
✓ proof that the shares belong to you
Why the Registrar Is Asking for It
Let’s be very clear.
Before they activate e-dividend, they must confirm:
✓ you are the real owner
✓ the shares are correctly linked to you
So they request your CSCS statement to:
• match your name
• confirm your CHN
• avoid errors or fraud
Let Me Explain With a Simple Example So You Would Understand Better
Imagine someone walks into a bank and says:
“I want money from this account.”
Will the bank just give it?
No.
They will ask for:
✓ proof of ownership
That’s exactly what the registrar is doing.
What You Should Do Now
Step 1: Get Your CSCS Statement
You can get it from:
• your stockbroker (like InvestNaija)
• your trading platform
• or directly if you have CSCS access
Step 2: Check It Properly
Make sure:
• your name is correct
• your CHN is visible
• your shareholdings are listed
Step 3: Send It to the Registrar
Reply to:
Veritas Registrars Limited
Attach:
✓ your CSCS statement
Let Me Be Honest With You
This step is actually protecting you from:
• wrong dividend payments
• missing records
• future issues
Final Truth
The registrar is not delaying you.
✓ They are validating you.
Let Me Leave You With This
In investing, small verification steps like this…
are what prevent big problems later.
So instead of asking:
• “Why are they stressing me?”
Ask:
✓ “Is my record properly set up?”
Because once this is done correctly…
✓ your dividends will flow smoothly without issues.
What Does It Mean When a Registrar Requests My CSCS Statement Before Issuing an E-Mandate Form in Nigeria?
They are not stressing you. ✓ They are trying to verify ownership of your shares Your CSCS statement comes from: Central Securities Clearing System It shows: • the shares you own • your CHN (Clearing House Number) • your personal details Think of it as: ✓ proof that the shares belong to you Why theRead more
They are not stressing you.
✓ They are trying to verify ownership of your shares
Your CSCS statement comes from:
Central Securities Clearing System
It shows:
• the shares you own
• your CHN (Clearing House Number)
• your personal details
Think of it as:
✓ proof that the shares belong to you
Why the Registrar Is Asking for It
Let’s be very clear.
Before they activate e-dividend, they must confirm:
✓ you are the real owner
✓ the shares are correctly linked to you
So they request your CSCS statement to:
• match your name
• confirm your CHN
• avoid errors or fraud
Let Me Explain With a Simple Example So You Would Understand Better
Imagine someone walks into a bank and says:
“I want money from this account.”
Will the bank just give it?
No.
They will ask for:
✓ proof of ownership
That’s exactly what the registrar is doing.
What You Should Do Now
Step 1: Get Your CSCS Statement
You can get it from:
• your stockbroker (like InvestNaija)
• your trading platform
• or directly if you have CSCS access
Step 2: Check It Properly
Make sure:
• your name is correct
• your CHN is visible
• your shareholdings are listed
Step 3: Send It to the Registrar
Reply to:
Veritas Registrars Limited
Attach:
✓ your CSCS statement
Let Me Be Honest With You
This step is actually protecting you from:
• wrong dividend payments
• missing records
• future issues
Final Truth
The registrar is not delaying you.
✓ They are validating you.
Let Me Leave You With This
In investing, small verification steps like this…
are what prevent big problems later.
So instead of asking:
• “Why are they stressing me?”
Ask:
✓ “Is my record properly set up?”
Because once this is done correctly…
✓ your dividends will flow smoothly without issues.
Rose Ejituru
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