Shareholders reject transfer of unclaimed dividends to CBN – Daily Trust

Shareholders reject transfer of unclaimed dividends to CBN – Daily Trust

Shareholders have rejected decisions by the National Assembly to transfer unclaimed dividends to the Central Bank of Nigeria (CBN) for management. They described the move as a gross violation of shareholders’ rights, a betrayal of investor trust, and a dangerous precedent threatening the sanctity of private property and capital market integrity. Our correspondent reports that the rejection followed a directive by the House of Representatives Pub…

Hogan Lovells advises COMMERZBANK AG on scrip dividend of LEG Immobilien SE

Led by Frankfurt-based partner Prof. Dr. Michael Schlitt, Hogan Lovells advised COMMERZBANK AG on the preparation and distribution of a scrip dividend and the related rights issue by LEG Immobilien SE. It was the fifth time that Hogan Lovells advised the transaction bank on a scrip dividend transaction of LEG Immobilien SE. The shareholders’ meeting of LEG Immobilien SE had resolved a dividend payment of EUR 2.70 per share on 28 May 2025. The s…

Again, shareholders accuse government of asset seizure

The Independent Shareholders Association of Nigeria (ISAN) criticised the newly passed legislation mandating the transfer of all unclaimed dividends from registrars to the Central Bank of Nigeria (CBN).The post Again, shareholders accuse government of asset seizure appeared first on The Guardian Nigeria News - Nigeria and World News.