SEC proposes rule for 12-year-old unclaimed dividend

The Securities and Exchange Commission has proposed that companies and registrars in custody of dividends, which remain unclaimed by shareholders 12 years after the date of declaration or subsequently attain the 12 years threshold shall upon the coming into effect of the new rule transfer such monies into the Nigerian Capital Market Development Fund. The […]

SEC proposes rule for 12-year-old unclaimed dividend

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