Nigeria's financial markets regulator has unveiled an ambitious recovery program targeting billions of naira in dormant investment accounts and unpaid shareholder returns that remain unclaimed across the country.
The Securities and Exchange Commission announced the initiative in the capital, rolling out an educational and assistance component designed to help rightful owners and their heirs locate and reclaim these assets. Officials characterized the effort as central to their broader mandate of safeguarding market participants while revitalizing idle capital within Nigeria's equities sector.
The program addresses a persistent challenge in emerging markets where administrative gaps, inadequate record-keeping, and investor awareness deficits result in substantial sums remaining inaccessible to legitimate claimants. Through dedicated clinics and public outreach, the regulator aims to streamline the claims process and reduce friction that has historically discouraged recovery attempts.
Authorities expect the campaign to unlock significant capital that could be redirected into productive investment or returned to families facing financial hardship. The initiative represents a shift toward more aggressive investor services within the Nigerian capital market ecosystem.
Reporting based on Vanguard Biz.
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