Romeo

Someone dies… and their shares “disappear”? No. They’re just unclaimed. This happens a LOT in Nigeria. Family panics. Mum can’t remember anything. Everyone assumes the money is gone. It’s not. Here’s the cleanest route forward 👇🏽 First truth: Shares don’t vanish because someone died. On the NGX, they sit quietly waiting for a legal owner to claim them. The market doesn’t chase families. Families must chase the market. Step one: Confirm the shares exist Even if nobody remembers where or how they were bought. Do TWO things: • Search the SEC e-Dividend / unclaimed dividends portal • Run a CSCS Global Search (via a licensed stockbroker) This alone can reveal every stock the person owned. No certificates? No problem. Many Nigerian investors dematerialised years ago. CSCS records are stronger than dusty paper certificates. Memory fails. Databases don’t. Next hard truth: Nobody can touch those shares without legal authority. Not the mum. Not the eldest child. Not “family meeting”. You need: • Letter of Administration (no will) OR • Probate (if there’s a will) Where does this happen? Probate Registry of the State High Court where he lived. Yes, it takes time. Yes, it’s stressful. But without it? The shares are frozen forever. Once probate is ready… You go to the company registrars (First Registrars, Greenwich, CardinalStone, etc). You submit: • Probate / Letter of Admin • Death certificate • IDs • Proof of shares (from CSCS search) This process is called TRANSMISSION. What transmission does: It legally moves the shares ➡️ from the deceased ➡️ to the estate or named beneficiaries. Under SEC rules, registrars don’t argue once documents are complete. Final step: Open CSCS accounts for beneficiaries. Transfer shares in. Now they can: • Hold • Collect dividends • Or sell on the NGX Money unlocked. Best route forward for the family: ✔ Start with CSCS global search ✔ Begin probate immediately ✔ Use a licensed stockbroker (not “my friend that trades”) ✔ Be patient, but structured Confusion is expensive. Process saves money. Final warning: Unclaimed shares in Nigeria run into hundreds of billions. Don’t let grief + ignorance turn real wealth into permanent loss. If this helped, RT it. Someone’s family needs this info more than they know.