Do I Need to Fill an e-Dividend Mandate Form After Buying Shares on InvestNaija?

Yes — if you want dividends from your NGX shares to be paid directly into your bank account, you should complete an e-Dividend Mandate (often called e-mandate) form. This applies even if you bought the shares through investnaija.com.ng or any other stockbroker.
Without it, dividends may remain unpaid, become “unclaimed dividends,” or be sent as physical warrants/cheques.
Here is how it works in Nigeria:
You buy shares through a broker (like InvestNaija).
Your shares are kept under a CSCS account/CHN.
The company’s registrar pays dividends.
The e-mandate tells the registrar which bank account to credit electronically.
What you need
Your CHN/CSCS number
Bank account details
BVN
Valid ID
Phone number/email
Shareholder account details (sometimes from the registrar)
How to do it There are 3 common methods:
Method 1 — Through your bank
This is the traditional method.
Download or collect the e-Dividend Mandate Form.
Fill it.
Submit it at your bank branch.
The bank verifies your BVN and uploads it to the e-DMMS portal.
Method 2 — Through the registrar
Each company has a registrar (e.g. Meristem Registrars, Coronation Registrars, First Registrars, etc.).
You can:
Download the registrar’s e-dividend form,
Fill it,
Submit directly to the registrar office/email.
The registrar verifies your CHN/shareholder details
Method 3 — SEC/NIBSS self-service portal
Nigeria now has a self-service e-DMMS portal for online mandate processing.
You can start from the SEC resources page:
home.sec.gov.ng
Important practical point:
You normally complete a separate mandate for each registrar/company group.
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If your name on your bank account differs from your CSCS/shareholding name, dividends may fail.
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For example:
If you bought Zenith Bank Plc shares and MTN Nigeria Communications Plc shares, their registrars may be different, so you may need separate mandate processing.