Africa Business Radio

The Securities and Exchange Commission says that it was engaging relevant stakeholders in a bid to resolve issues of identity management which would assist in solving the rising unclaimed dividends in the capital market as well as other issues. The Director-General of the SEC, Lamido Yuguda, explained that part of the problems of unclaimed dividends had to do with identity management, saying the Commission was engaging the registrars and increasing investors’ education to stem the trend. Yuguda says the Commission has set up an identity management committee to harmonise various databases of investors and facilitate data accuracy in the market.