The Unclaimed Dividends: Implications on the Economic Development of Nigeria
|Author(s)||by Opara Confidence Chinwe, Emenike Kalu O.|
|Keywords||Corporate finance, unclaimed dividend, economic development, Nigeria|
|Open Access||Access PDF Open in New Tab|
Over the years, unclaimed dividends have continued to increase in Nigeria. The value of unclaimed dividends in 1999 was just N2.09 billion. Between 2002 and 2013, the unclaimed dividend increased from N5.1 billion to N60 billion. This paper examines the implications of large value of unclaimed dividends on the economic development of Nigeria using desk research method. Adoption of electronic dividend payment method, dematerialisation of share certificates, acceptance of dividend warrants in both savings and current accounts, among others, were recommended.
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