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Good day Sir,I just got recommended to your Facebook page by a friend and must confess that you are doing a great job especially for those of us who who are not knowledgeable in terms of shares.My mum who was a banker and is now late bought shares since when was a kid,how do I recover her shares.I am the only son and there is no will written.I am already in charge of her properties but don’t know how to go about her shares.Thanks,in anticipation of your kind and prompt response.
Yes — your late mum’s shares can be transferred to you, but because there is no will, you must follow the legal inheritance process in Nigeria. I'll walk you through it clearly. First — Important Reality Even though: You are the only son You are already managing her properties You cannot transfer thRead more
Yes — your late mum’s shares can be transferred to you, but because there is no will, you must follow the legal inheritance process in Nigeria. I’ll walk you through it clearly.
See lessFirst — Important Reality
Even though:
You are the only son
You are already managing her properties
You cannot transfer the shares directly without legal authority.
Share registrars will require legal documents before releasing or transferring the shares.
This is to prevent fraud.
Step-by-Step: How to Recover Your Late Mum’s Shares
Step 1: Obtain Letter of Administration (Very Important)
Since there is no will, you must apply for Letter of Administration from:
Probate Registry
At the High Court of Nigeria in your state
This document makes you the legal administrator of your mum’s estate.
Without this, you cannot claim her shares.
Step 2: Documents You Will Need
Usually required:
Death certificate of your mum
Your ID card
Your birth certificate (to prove relationship)
Passport photographs
Bank details
Application form from Probate Registry
Sureties (sometimes required)
Step 3: Locate Her Shares
Next, find where her shares are:
You can check through:
Old dividend warrants
Bank alerts / statements
Share certificates
Emails
Registrars
Or contact:
Central Securities Clearing System (CSCS)
They can help trace stock holdings.
Step 4: Contact Registrars
Once you identify the companies, contact their registrars.
Examples of common registrars in Nigeria:
Meristem Registrars Limited
DataMax Registrars Limited
Coronation Registrars Limited
First Registrars and Investor Services Limited
Submit:
Letter of Administration
Death certificate
Request for transmission of shares
This process is called Transmission of Shares.
Step 5: Shares Will Be Transferred to You
After approval:
Shares can be transferred to your name
OR
Sold and proceeds paid to you
Bonus: You May Also Recover Unpaid Dividends
Many times, late investors have:
Unclaimed dividends
Bonus shares
Additional allocations
You can check via:
Securities and Exchange Commission (SEC)
Unclaimed dividend portal
You might discover more money than expected.
How Long Does It Take?
Letter of Administration: 3 weeks – 3 months
Share transfer: 2–6 weeks after submission
My Professional Advice
Do this in this order:
Get Letter of Administration
Trace her shares
Contact registrars
Transfer shares
Since your mum was a banker, there is a high chance she owned strong stocks like:
Banks
Oil companies
Blue-chip companies
This could be very valuable today.