SEC cancels bank signature verification for E-Dividend

The Securities and Exchange Commission has ordered registrars to discontinue the practice of requesting for confirmation of bank signature during the E-Dividend Mandate Management System process.

Image result for E-DIVIDEND SEC CANCELS BANK SIGNATURE VERIFICATION

Advertisement

That is according to the acting Director-General of the Commission, Mary Uduk, while speaking at a press briefing on the third quarter Capital Market Committee meeting in Lagos.

She stated that the presentation by the e-dividend committee showed that the number of shareholders enrolled on the e-DMMS platform had increased to 2.820 million at the end of the third quarter of 2019.

Advertisement
Advertisement
ding GIF

The acting DG requested that all capital market operators should work with the commission to share awareness information on their social media platforms.

 

Advertisement

leave a reply