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LAGOS HEAD OF SERVICE URGES CIVIL SERVANTS TO REGISTER FOR E-DIVIDEND

The Head of Service of Lagos State, Mrs. Folasade Adesoye has urged civil servants to take advantage of the Securities and Exchange Commission’s e-dividend campaign to register for their dividend payments.

Adesoye made the call in Lagos on Monday while speaking at a One-Day sensitisation workshop held at Alausa, Ikeja, noting that the introduction of the e-dividend presents an opportunity for civil servants to tap into the initiative in order to enjoy the benefits of their investments in the capital market.

Represented by the Permanent Secretary, Public Service Office, Mrs. Finfoluwa Ogunbanke, the HOS commended the SEC on its efforts at ensuring that the era of non-receipt of benefits of their investments becomes a thing of the past.

In her words, “This event is meant to educate and enlighten public servants on the operation of the e-dividend Mandate Management System and how investments in the capital market will give public servants opportunity to earn additional income”.

“I am happy with this initiative by the SEC and I believe that this will assist civil servants in Lagos State to claim their dividends and also receive their dividends electronically in the future”, she added.

In her remarks, the Permanent Secretary, Ministry of Finance, Mrs. Olufunlola Balogun told the civil servants that investing a reasonable portion of their saved income or earnings in the capital market will make it possible for them to earn additional income and improve their standard of living.

“For those who have invested in the capital market and have accumulated unclaimed dividends, it will give you an opportunity to understand how to receive the unclaimed dividend as well as future dividends,” she stated.

Also speaking at the event, the Acting Director-General of SEC, Dr. Abdul Zubair enjoined the workers to take advantage of the free registration period which ends on December 31, 2017.

Zubair, who was represented by Director, External Relations of SEC, Henry Rowlands, said the e-dividend registration is one of the initiatives by the Commission to attract retail investors back to the capital market.

While enjoining workers to key into the initiative, the Acting Director-General explained that “the advantage of the E-dividend is not only to enable investors to collect subsequent dividends electronically but will also allow all accrued dividends to be credited to investors bank accounts”.

 

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