Hello, Moon. It’s great to be back.
Here’s a taste of what the Artemis II astronauts photographed during their flight around the Moon. Check out more photos from the mission: https://t.co/rzM1P0QbOl
There is N242 billion in unclaimed dividends sitting in the Nigerian capital market right now.
That is money that companies declared and paid out. But it never reached the shareholders.
N242 billion. Just sitting there.
Your parents or grandparents may have bought shares during the 2004 to 2008 stock market boom. A lot of them bought and forgot about it. Life happened. They moved houses. Changed phone numbers. Changed banks. Never updated their records.
But those companies didn’t stop paying dividends.
The money has been piling up year after year with nobody collecting it.
Here’s where it gets serious.
Under the Finance Act 2020, any unclaimed dividend older than 6 years is supposed to be transferred to something called the Unclaimed Funds Trust Fund managed by the government.
The fund hasn’t been fully set up yet. So for now, SEC has directed companies and registrars to keep paying shareholders who come forward with valid claims.
But that window won’t stay open forever. The longer you wait, the more complicated it gets to recover your money.
Now here’s what you should do.
Go to the SEC unclaimed dividend portal. The link is on the SEC Nigeria website. Type your name. Type your father’s name. Your mother’s name. Your grandparents’ names. Try different spelling variations because old records were not always accurate.
It is completely free to search.
If you find money in your name or your family’s name, note the registrar listed next to it. Contact them. Submit your valid ID and documents. Get your CSCS number sorted if you don’t have one. Link everything to your bank account through the NIBSS e-dividend mandate.
The search takes minutes. The full recovery process depends on your registrar but people have gotten it done within days.
I have seen people recover money from shares their family bought 15 years ago and completely forgot about.
Go and check today. Tag someone whose parents were into stocks back in the day. They need to see this.
This is the simple trick I’ve been using for years to verify land status with my smartphone, even when there’s no survey plan yet.
Most people think once a land doesn’t have a survey, there’s no way to check its status. That’s not really true.
Let’s assume your siblings or friends brings you an opportunity to buy land in a particular location, but the land doesn’t have a survey yet, so you can’t immediately confirm the status.
Here’s the simple thing I usually do.
Go and inspect the location, once you get to the exact location of the land, open Google Maps on your phone.
1.First, turn on your phone’s location so the map can detect your exact position.
2.When the map shows where you are standing, press and hold that spot on the map for a few seconds.
3.Immediately, some numbers will appear on your screen.
The numbers usually look something like this👇🏾
6.53244, 3.46872
Those numbers are called coordinates. Just copy them and save them somewhere.
That location coordinate is like the exact digital address of that land.
Now you can take those numbers to the state land registry or give them to a surveyor to run a proper check on the land.
Once the search is done, you’ll be able to know things like👇🏾
Whether the land is free from government acquisition.
Whether it falls inside committed government land.
Or if it’s safe to buy.
So even if a land doesn’t have a survey plan yet, the location coordinates alone can still help you verify the status of the land.
Very simple trick, but it can save you from several land problems.
For any Real Estate consultation, reach out to me 🤝🏾