A staggering ₦190 billion in dividends remains unclaimed in Nigeria, primarily due to outdated records, lack of investor awareness, and procedural complexities. These unclaimed funds represent earnings distributed by companies to their shareholders, often stemming from investments made during the IPO booms of the late 1990s and early 2000s. Many investors have failed to update their information with registrars, lost share certificates, or did not open the required CSCS accounts.

According to Dr. Michael Enyinna Kasarachi, Group Managing Director of Fundvine Holdings, the unclaimed dividend crisis is a systemic failure causing personal loss. Fundvine Capital and Securities LTD aims to reconnect Nigerians with their lost investments by simplifying the recovery process. The firm helps clients trace and verify historical investments, reconstruct records, update CSCS accounts, and directly interface with registrars. The Securities and Exchange Commission (SEC) has also launched online platforms to enable Nigerians check their dividend status. However, expert mediation is often required where documentation is incomplete.

WealthyGen Foundation also provides guidance, urging investors to check the SEC's e-dividend portal to see if they have unclaimed dividends. The SEC opened a database of non-mandated accounts to help investors check whether they have unclaimed dividends and provide information for easy registration to the e-dividend portal. Investors are encouraged to review old share certificates, transaction slips, or any documentation related to prior investments. Fundvine offers consultation, account reconstruction, and full end-to-end support to help clients reclaim dividends and re-engage with Nigeria’s capital market.