By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-The Securities and Exchange Commission (SEC) has said it will apply a N100 fee for the completion of the e-Dividend Mandate form for investors who fail to do so before February 23, 2016, Mounir Gwarzo, director general (DG) of the Commission said last week at its last quarter 2015 Capital Market Committee (CMC) held in Lagos Nigeria.

“We encourage all investors in the Nigerian Capital Market (NCM) to complete the Dividend Mandate Registration form via e-DMMS free for 90 Days,” the SEC DG said.  

According to him, all shareholders/investors in the Nigerian Capital Market are advised to approach their Banks or Registrars to complete the e-Dividend Mandate Form for immediate processing and upload to the e-Dividend Mandate Management System (e-DMMS) free of charge for the next 90 days effective 23rd November, 2015. 

“Thereafter, N100 fee will apply,” the Commission said in a notice on its official website.