How to Reclaim Your Parents’ Old Shares or Forgotten Stock Holdings.

Have you ever wondered what happened to those share certificates your parents mentioned years ago? Or perhaps you vaguely remember investing in stocks back in 2005 but can’t recall the details? You’re not alone. Many Nigerians have unclaimed shares sitting dormant, representing potentially significant value that could be rightfully theirs.

Whether it’s shares you’ve forgotten about or investments left behind by deceased parents, this comprehensive guide will walk you through the exact steps to reclaim what’s yours.

The Hidden Treasure: Unclaimed Shares in Nigeria

Many investors have shares they’ve completely forgotten about, especially from IPOs and early public offerings from companies like Dangote Sugar. Others have inherited shares from parents who passed away without proper documentation. The good news? These shares don’t disappear – they’re waiting for you to claim them.

Method 1: Tracking Down Your Forgotten Shares

Step 1: Use the Unclaimed Dividend Portal

The simplest way to start your search is through Nigeria’s official unclaimed dividend portal:

1. Google Search: Type “unclaimed dividend” in your browser
2. Access the Portal: Click on the official unclaimed dividend website
3. Search Your Name: Enter your full name and hit the search button
4. Review Results: The system will display any unclaimed dividends or shares linked to your name

Step 2: Complete the Registration Process

Once you find your shares:

1. Click to Register: Select the shares you want to claim
2. Provide Required Information:
   • Your Bank Verification Number (BVN)
   • Bank account details
   • Complete personal information
3. Submit Your Application: Follow the portal’s instructions to finalize your claim

Step 3: Conduct a Global Search

Not all shares appear in the unclaimed dividend portal. For a comprehensive search:

Review All Holdings: This will reveal every stock registered in your name

Find a Licensed Stockbroker: Choose from reputable firms like AfriInvest, Atlas, Chapel Hill, Corderos, or Stanbik IBTC

Request a Global Search: Ask them to conduct a name-based search across all registrars

Pay the Search Fee: There’s typically a small fee for this comprehensive service

Method 2: Claiming Inherited Shares

Losing a parent is difficult enough without worrying about financial matters. However, reclaiming their shares is crucial for your financial future.

If There’s a Will

If your parents left a will:

1. Locate the Will: The will should list all shareholdings
2. Identify the Executor: Work with the designated executor to transfer shares
3. Contact Stockbrokers: Present the will to transfer shares to beneficiaries

If There’s No Will

When parents pass away without a will:

1. Obtain a Letter of Administration: Visit the probate court to get this legal document
2. Open an Estate Account: This bank account will handle all inherited assets
3. Visit a Stockbroker: Present these documents to a licensed stockbroker
4. Transfer Process: The stockbroker will:
   • Search for all shares owned by the deceased
   • Create a new CSCS (Central Securities Clearing System) account for you
   • Transfer the shares to your name
   • Provide you with updated share certificates

What to Do with Physical Share Certificates

Found old share certificates lying around the house? Don’t throw them away! These documents represent real value:

1. Gather All Certificates: Collect any share certificates you find
2. Visit a Stockbroker: Take them to a licensed stockbroker for verification
3. Modernize Your Holdings: Convert physical certificates to electronic format
4. Activate Your Account: Ensure your CSCS account is active and up-to-date

Top Nigerian Stockbrokers to Consider

When choosing a stockbroker to help with share recovery, consider these established firms:

• AfriInvest: Full-service investment banking and asset management
• Atlas: Comprehensive brokerage services with strong research
• Chapel Hill: Experienced in share transfers and estate planning
• Corderos: Reliable brokerage with good customer service
• Stanbik IBTC: Part of the Standard Bank group with extensive experience

Why This Matters for Your Financial Future

Reclaiming forgotten or inherited shares isn’t just about recovering past investments – it’s about:

• Building Wealth: These shares may have appreciated significantly over time
• Dividend Income: You could be missing out on regular dividend payments
• Portfolio Diversification: Adding these holdings to your current investment strategy
• Family Legacy: Honoring your parents’ investment decisions and financial planning

Take Action Today

Don’t let another year pass wondering about those old shares. The process might seem complicated, but it’s straightforward when you know the steps:

1. Start with the unclaimed dividend portal – it’s free and easy
2. Consider a global search through a stockbroker for comprehensive results
3. For inherited shares, get the proper legal documentation first
4. Choose a reputable stockbroker to guide you through the process

Remember, these shares represent your financial heritage. Whether they’re worth hundreds or thousands of naira, they belong to you. Take the first step today – your future self will thank you.