FCT-UBEB Explores Ways to End Poor School Enrollment

* Hosts 33 students to 2 weeks reality house programme

Kuni Tyessi in Abuja

In exploring multiple dimensions towards ending the menace of out-of-school children  and poor school enrolment within the Federal Capital Territory (FCT), the Universal Basic Education Board (UBEB) is hosting 33 students to a two-week reality house programme.

The students, who have all been selected from 11 schools in the six area councils within the FCT, will go through a process of advocacy and debate on issues affecting out-of-school children and will proffer solutions to same. 

Speaking at the opening ceremony of the programme titled ‘2025 head to head school debate’, the mother of the reality house programme, Dr. Jummai Ahmadu, said the programme, which has recorded tremendous success in past editions, will serve as a prototype for state governments to emulate. 

According to her, Nigeria should expect strong willed children that will come out to advocate for out-of-school children after the programme and this way, there will gradually be zero out-of-school children in Nigeria beginning from the FCT.

She said: “The children will debate and bring out all the issues that are affecting children not in schools and proffer solutions to how to bring to an end out-of-school menace. This is the crux of this project.

“Due to the impact of the programme last year, the level of enrolment has increased and this means what we are doing is appreciated in communities and people are responding to it. 

“We are hoping that beyond the FCT, government can take a cue to ensure that children are the ones advocating the problems that are affecting children like them. If they pass the message to their peers, they will in turn understand because they will understand the language.” 

In his address, the Director of FCT-UBEB, Dr. Hassan Sule, said mass enrolment into basic education remains the potent antidote to poverty and insecurity in the nation.

He said with the reality house programme, communities will be further enlightened about the benefits of education through the children addressing their peers in the language they’ll understand, and to be followed with sensitization from the government.

According to Sule, “Our mandate is to ensure that every child in the FCT gets free and compulsory basic education. With this project, the children who know and can identify their peers will be able to inform their teachers, while we send visits to such requisite communities to enlighten them about the free, basic and compulsory education and that it is the right of the child, and not a privilege.

“Therefore, they should give them the opportunity to get this education because it is the bedrock of human and national development.

“Fundamentally, in order to address most of our challenges which involve poverty and insecurity, the best method is to the classroom. Not tackling out-of-school children will mean breeding miscreants and they will transform into bandits. So we want to ensure that every child, no matter the level of disability, is given the opportunity to enroll in our schools.”

The programme ends on August 28.

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    Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market

    Jonathan Eborah

    Investing in the stock market is a long-term strategy for building wealth. In Nigeria, as in other parts of the world, investors expect to benefit from dividends, capital appreciation, or both. However, the recurring problem of unclaimed dividends has cast a shadow over the credibility of the capital market, with many retail investors expressing frustration at the role of registrars. While these concerns are understandable, blaming registrars exclusively oversimplifies a much broader and more complex issue.

    Unclaimed dividends are a product of systemic challenges, not merely the inefficiencies of registrars. These dividends often remain unclaimed due to various factors, including: Multiple accounts created with different names or pseudonyms; Shareholders’ failure to update bank details or contact information; Estate complications after the death of shareholders; Delays by banks in validating dividend mandates and General investor ignorance about claim procedures.

    Registrars are just one part of a broader value chain that includes stockbrokers, issuing companies, banks, and regulators. Holding them solely responsible ignores the collaborative nature of capital market operations.

    One of the most criticized aspects of the dividend claim process is identity verification. However, registrars have a legal and fiduciary obligation to ensure that payments are made to the rightful owners. This is especially crucial in an environment where identity theft, fraud, and impersonation are real threats.

    Registrars rely on tools such as BVN (Bank Verification Number), NIN (National Identity Number), and signature verification to verify claims. These are not “excuses” but part of risk management and regulatory compliance.

    Contrary to the belief that registrars are resistant to change, many have embraced digital transformation. Several registrars now operate online portals where investors can: Submit e-dividend mandates; View dividend histories; Request revalidation of payments and Update personal data securely.

    The challenge often lies not with the systems, but with incomplete or inconsistent data submitted by shareholders. Additionally, national infrastructure gaps, poor internet access in some regions, and low levels of digital literacy further compound the problem.

    The delay in processing dividend claims is sometimes outside the registrar’s control. For instance: When shareholders provide incorrect or inconsistent data; When banks delay in validating or updating mandates and When investors fail to follow up after initial submission.

    Even in cases where shareholders visit registrar offices, delays may still occur due to missing documentation or legacy issues related to paper-based systems from decades ago.

    While the Securities and Exchange Commission (SEC) has taken steps, such as issuing a circular on unclaimed dividends and establishing the Unclaimed Funds Trust Fund, there may be a need for stronger enforcement and clearer redressal mechanisms.

    Registrars alone cannot enforce policy or penalize non-compliant parties. The SEC must implement: Minimum response time standards for processing complaints; A user-friendly and responsive digital complaint resolution portal; Investor education programs targeted at low-literacy or elderly shareholders; Sanctions for all stakeholders, banks, brokers, and registrars, when they fail to meet expectations. And A unified identity system for the capital market to ease the Know-Your-Customer

    Obligations and reduce the risk of identity theft:

    Investors must also bear some responsibility. Many are unaware of how to complete e-dividend mandates or follow up on their claims. Some hold outdated physical share certificates or have never updated their contact details since purchasing shares/investments decades ago.

    Registrars regularly hold investor clinics together with the SEC, participate in AGMs, and partner with regulators and stockbrokers for sensitization efforts. But participation is often low. Financial literacy must become a national priority if more investors are to enjoy the benefits of capital market participation.

    The unclaimed dividend problem is not limited to Nigeria but exists in developed countries and each country works out how to resolve the challenge. In Nigeria’s capital market, the unclaimed dividend crisis will not be solved by pointing fingers. Registrars are not the enemy; they are facilitators working within a regulatory and operational ecosystem that requires improvement across board. Enhancing automation and promoting investor education will go further in solving the problem than a blame-centered approach.

    For the Nigerian capital market to thrive and regain investor confidence, all stakeholders, regulators, registrars, companies, stockbrokers, and investors must work together in good faith to build a more transparent, inclusive, and responsive system.

    *Jonathan Eborah, the Registrar/Chief Executive, Institute of Capital Markets Registrars, writes from jonathaneborah@yahoo.co.uk

    The post Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market appeared first on THISDAYLIVE.

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    Jonathan Eborah Investing in the stock market is a long-term strategy for building wealth. In Nigeria, as in other parts of the world, investors expect to benefit from dividends, capital
    The post Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market appeared first on THISDAYLIVE.

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