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Sunday Aborisade, Abuja
Shareholders and the Security and Exchange Commission kicked against the plan by the Federal Government to take over the management of unclaimed dividends and deposits in dormant bank accounts in the country.
They expressed their objection at a one-day public hearing organised by the Senate committees on Finance, National Planning, Banking, Customs, Trade and Investment on the proposed amendments to the Finance Bill 2020.
The bill is seeking amendments into 12 Acts of Parliament relating to capital gains tax, personal income tax, Customs and Excise Tariff, Companies Income tax, Value Added Tax and Stamp duties among others.