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