The Securities and Exchange Commission (SEC) has described investor identification as the root cause of the problem militating against the eradication of unclaimed dividends.

Dr. Emomotimi Agama, Director-General of the SEC, made the declaration in a statement released on Sunday.

Dr. Agama emphasized the SEC’s commitment to eliminating unclaimed dividends entirely.

The SEC however urged investors to utilize the e-dividend portal accessible through their website. 

Dr. Agama stressed the portal’s security and urged investors to take advantage of it for account mandates.