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Horrendous covetousness - The Nation Nigeria News

Horrendous covetousness - The Nation Nigeria News
thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.

Unclaimed dividend trust fund will encourage corruption, nepotism – ISAN

Punch Newspapers Sections Johnson Okafor Shareholders have said that the creation of unclaimed Dividend Trust Fund and transfer of the unclaimed dividends into the Federation Account will encourage corruption and nepotism to the detriment of the shareholders/beneficiaries of returns on investments. The shareholders under the aegis of Independent Shareholders Association of Nigeria stated this while reacting to the proposed fund at the public hearing of the Senate Committee on Finance, Trade and Investment and Public Procurement on the Finance Bill 2020. In a statement signed by the National Coordinator, Mr Anthony Omojola and Founder, Mr Sunday Nwosu, ISAN said the fund was uncalled for.

Shareholders kick against establishment of unclaimed dividend trust fund

Lagos, Dec. 20, 2020 Shareholders under the aegis of Independent Shareholders Association of Nigeria (ISAN) on Sunday kicked against establishment of unclaimed dividend trust fund being proposed in the Finance Bill 2021. ISAN made this known in a statement issued by its National Coordinator, Dr Anthony Omojola, and Coordinator Emeritus, Mr Sunny Nwosu. It said that creation of the trust fund and transfer of unclaimed dividends into the federation account were uncalled for. According to the association, the process may encourage corruption and nepotism to the detriment of the shareholders/beneficiaries of returns on investments. ISAN said that the proposed bill would not serve the interest of shareholders.

Shareholders move against FG s establishment of unclaimed dividend trust fund

The Joint Admissions and Matriculation Board (JAMB) has said that a waiver might be granted to candidates who were yet to acquire a SIM card and want to register for the examinations. This is coming after it reiterated that the use of a National Identification Number (NIN) is mandatory for the 2021 Unified Tertiary Matriculation Examinations (UTME) and Direct Entry registration. According to a report from the News Agency of Nigeria (NAN), this disclosure on the requirements was made by the Registrar of JAMB, Prof. Is-haq Oloyede, on the sidelines of a meeting with Computer Based Test (CBT) centre owners and other stakeholders on Friday in Abuja.

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