The Securities and Exchange Commission (SEC) has announced that the e-dividend portal can be accessed safely through two official websites: the SEC’s own site at www.sec.gov.ng and the Nigerian Interbank Settlement System (NIBSS) site.
This update comes as the SEC emphasizes the importance of cybersecurity amid increasing online fraud risks.
Emomotimi Agama, the SEC’s Director-General, highlighted that the SEC’s website is secure for managing e-dividend accounts and claiming dividends.
He also mentioned that the only other reliable site for this purpose is the NIBSS site, due to its collaboration with SEC in developing the portal.
Agama reassured that the request for Bank Verification Numbers (BVNs) on these portals is a standard security measure, aimed at authenticating the identity of investors.
This step is crucial to prevent fraudulent activities and ensure accurate processing of dividend claims.
He emphasized SEC’s commitment to addressing unclaimed dividends, which adversely affect investors’ returns.
Investors are encouraged to use the new self-service feature on the NIBSS site for managing their accounts and resolving any issues with unclaimed dividends.
The revamped e-Dividend Mandate Management System (e-DMMS) portal, introduced by SEC, aims to streamline the process, allowing investors to manage their dividend mandates online without needing to visit physical locations.
