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Nwoko Moses Chidiebere
Asked: 2026-04-06T13:06:33+00:00 In:

How Can I Recover My Late Father’s Unclaimed Dividends in Nigeria?

Back in the days, say 16, 18 or more years ago my father was already receiving dividend letters from companies he bought shares with. The one I remember clearly is Oando PLC. It was little and I didn’t know what it means. Fast forward to now my father us dead (since 2011), the dividends kept coming till a certain point it stopped. He actually registered through one man in my community, he’s dead too. So now the dividends stop coming and my dad had no bank account before he died. How do I go about this?

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3 Answers

  2. Ochoyoda
    Educator

    This situation is very common in Nigeria, and the good news is: your father's dividends and shares can still be recovered, even after many years. Let’s break it down step-by-step. Step 1: Confirm the Shares Still Exist Since you mentioned Oando Plc, the first step is to contact the company's registrRead more

    This situation is very common in Nigeria, and the good news is: your father’s dividends and shares can still be recovered, even after many years.
    Let’s break it down step-by-step.
    Step 1: Confirm the Shares Still Exist
    Since you mentioned Oando Plc, the first step is to contact the company’s registrar.
    Oando Plc’s registrar is usually:
    First Registrars and Investor Services Limited
    The registrar keeps records of:
    Number of shares
    Unclaimed dividends
    Next of kin (if available)
    Shareholder address
    Step 2: Gather Basic Information
    Before contacting them, try to get:
    Father’s full name
    Old home address (very important)
    Approximate year he bought shares
    Any old dividend letters (if available)
    Any share certificate (if available)
    Even if you don’t have documents, they can still trace using name + address.
    Step 3: Since Your Father Is Deceased (Important Step)
    Because your father passed away in 2011, you must legally claim the shares as beneficiaries.
    You will need:
    Required Documents
    Death certificate
    Letter of Administration (if no will)
    Valid ID of beneficiaries
    Passport photographs
    Birth certificate (to prove relationship)
    Step 4: Apply for Letter of Administration
    Since you said:
    Your father had no bank account
    No will mentioned
    You will likely need Letter of Administration from the Probate Registry at the High Court.
    This gives you legal authority to claim:
    Shares
    Dividends
    Other investments
    Step 5: Check Unclaimed Dividend Portal (Very Important)
    Also check:
    Securities and Exchange Commission Nigeria
    Central Securities Clearing System Plc
    They help track:
    Unclaimed dividends
    Dormant shares
    Registrar information
    Why Dividends Stopped Coming
    This usually happens when:
    Address changed
    Dividend became electronic (e-dividend)
    Shares moved to CSCS account
    Mail stopped being delivered
    So the money did not disappear — it’s still there.
    Important Tip (Very Important)
    Because it’s over 16–18 years, your father may have:
    Bonus shares
    Rights issues
    Increased share value
    Accumulated dividends
    The value may be much higher now 📈
    If you’re comfortable sharing:
    Your father’s name (or initials)
    Any company name you remember (besides Oando)
    I can help you trace it step-by-step.

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