What’s the way forward here since the said bank in no longer in existence. Now she doesn’t know how much dividends it has accrued over the years and how to recover those shares or the bank they collapsed to
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What’s the way forward here since the said bank in no longer in existence. Now she doesn’t know how much dividends it has accrued over the years and how to recover those shares or the bank they collapsed to
That should be she has unclaimed dividend. And to get that, there are step to go about it. How to check for the unclaimed dividend: Go to the SEC Nigeria Unclaimed Dividends Search Portal: SEC Unclaimed Dividends Search ePortal Enter your name as it appears on your shareholding records. Search. TheRead more
That should be she has unclaimed dividend.
And to get that, there are step to go about it.
How to check for the unclaimed dividend:
Go to the SEC Nigeria Unclaimed Dividends Search Portal:
SEC Unclaimed Dividends Search
ePortal
Enter your name as it appears on your shareholding records.
Search.
The portal can show whether you have non-mandated/unclaimed dividends and, where applicable, the company and registrar associated with them.
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If your name appears, note the Registrar shown. You can then complete the appropriate e-dividend mandate process so the money can be paid into your bank account. SEC says the revamped system also supports self-service e-dividend registration.
My dear, if your aunt has found her old Intercontinental Bank shares and the bank is no longer in existence, there are steps she can take to recover any accrued dividends and understand what happened to those shares.Imagine this scenario, back in the day when your aunt bought those shares, it was liRead more
My dear, if your aunt has found her old Intercontinental Bank shares and the bank is no longer in existence, there are steps she can take to recover any accrued dividends and understand what happened to those shares.
Imagine this scenario, back in the day when your aunt bought those shares, it was like planting seeds in a garden. The shares represent a piece of the company which, like a growing plant, could produce dividends over time. Now that the bank has transformed or merged into another entity, those seeds of the past still hold value.
To recover the dividends or understand the fate of those shares, your aunt can start by contacting the Securities and Exchange Commission (SEC) in Nigeria or the Nigerian Exchange Group (NGX). They are like the watchmen of the financial garden, ensuring that investors are not left in the dark. They can help provide information on what happened to the Intercontinental Bank shares and any dividends that may have accumulated.
Additionally, if the bank underwent a merger or acquisition, your aunt should check if the shares were converted to shares of a new entity. It’s like the old plant being grafted onto a new one, preserving its value in a different form.
Seeking guidance from a stockbroker or financial advisor can also shed light on the situation. They are like the experienced gardeners who understand how to nurture investments and can help your aunt navigate the process of recovering her shares or understanding their current status.
Remember, just like tending to a garden requires patience and care, delving into the world of recovered shares may take some time and effort. But with the right guidance and a bit of digging, your aunt may uncover a fruitful harvest from her past investments.
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