The Director General Securities and Exchange Commission (SEC), Emomotimi Agama has reiterated that identity management issues when solved will provide lasting solution to the issue of unclaimed dividends, reduce the barriers of entry to the market and make the market more attractive to the youth segment whose participation is currently very low.
He stated that the resolution of identity management issues would help reposition the Nigerian capital market for greater potential.
Agama who stated this at a Workshop on Identity Management for the Capital Market held in Lagos, on Wednesday, said the identity management system currently being developed by the market will tackle the lingering identification issues.
The SEC DG stated that the aim of workshop is to bring together stakeholders and industry players to discuss and seeks ways of addressing the lingering issue of identity management in the capital market.
These issues he said, have plagued the market for a while, contributed to the increasing quantum of unclaimed dividends which seem to have defied all efforts to stem over time, and negatively affected the attraction and competitiveness of the market.
