AND WE WILL WIN!

MIGUEL DÍAZ-CANEL BERMÚDEZ memorialises Fidel Castro, former President of Cuba

Fidel Castro Ruz, historic leader and Commander in Chief of the Cuban Revolution, celebrates his 99th birthday yesterday, in the prime of his life.

I write this in the present tense because that’s how I feel and because that’s how the celebration is unfolding for the beginning of a symbolic year for Cuba and for all those around the world who recognize the significance of his revolutionary leadership.

I’m speaking of the centennial or the eternity of a man who remains alive in time, even when the physical, the material, turned to ashes almost a decade ago and he left it clear that he didn’t want statues or monuments in his memory.

What not even he could decree was the impossible, that is, his oblivion. And there he remains, alive and present as only the eternal is. Because that destiny, as history has proven so many times, is not decided by anyone, only by the enduring power of the ideas of those who have guided hundreds, thousands, millions of human beings to achieve their dreams of emancipation and justice.

Fidel is eternal, not by his own choice or by those of us who try to follow in his footsteps and continue his immense work of social justice. He achieved that status by interpreting, synthesizing, and making his own the magnificent accumulation of Cuban, Latin American, Caribbean, and universal pro-independence, anti-colonial, anti-imperialist, and Marxist ideals that preceded him, placing himself at the forefront for all time.

In his intense public speeches or in his long private conversations, he displayed a total command of that infinite wealth of knowledge, dazzling the most diverse audiences from the first word to the last. But what has truly immortalized him is everything he said that he transformed, every action turned into work.

In these markedly Fidel-inspired days, when each of us displays, in books, videos, traditional media, or social media, the Fidel who accompanies us, we are taking credit for that eternity, to our own heartfelt emotion and that of others who feel the same. Or to the hateful denial of those who cannot bear the dazzling vitality of his ideas.

In my case, as you might imagine, Fidel is not just present. He is a constant: a guide and a challenge. An example and a source of sleeplessness.

I feel he remains at the forefront, as in the Sierra or at Girón. Every time threats grow, when necessity compels, when the blockade seems to close all exits, the question arises spontaneously: What would Fidel do?

The good fortune of having known him, of having seen him act, and of having received his guidance many times, makes the answers easier: they are in the people, in their infinite reserves of dignity and talent. And in the indispensable unity of all revolutionary forces around Martí’s ideal of achieving all justice.

He was supported by those certainties that we understand science and innovation as a pillar of government management. And with the talent, the solid material foundation he created, and the audacity of the country’s men and women of science and thought, which he shaped for the future that is now present, we faced and defeated the pandemic and continue to strive to overcome even seemingly insurmountable obstacles like the blockade and our internal inefficiencies.

In Fidel’s history, from his student years to his undeniable presence today, there is an infinite number of lessons, and they all coincide on one point: he never allowed himself to be defeated by circumstances. Even the greatest blows from his adversary only served to elevate his stature as a leader to a higher level.

Examining each of his battles, one can see the deep motivations that this leader, born from his very core, always awakened in this courageous people, turning setbacks into victory. Then we understand the full meaning of the farewell Che Guevara dedicated exclusively to him before leaving for other lands of the world, which the Cuban people made an irrevocable goal: Until victory, always. Never forgetting the Homeland or Death that makes it possible. Nor the optimism in a word: We will win!
 Bermúdez is President of Cuba

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

    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

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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.

    INEC: Over 500,000 Nigerians Pre-register Online for CVR in Five Days

    INEC: Over 500,000 Nigerians Pre-register Online for CVR in Five Days

    Adedayo Akinwale in Abuja 

    The Independent National Electoral Commission (INEC) yesterday, revealed that no fewer than 505,906 eligible Nigerians have pre-registered online for the Continuous Voter Registration (CVR) exercise within just five days.

    The commission described the turnout as a strong indication that Nigerians remain eager to participate in the democratic process.

    The electoral body added that it was impressed by the response of Nigerians who visited the online platform to pre-register.

    INEC Chairman, Prof. Mahmood Yakubu, made this known in Abuja, at the official flag-off of the commission’s nationwide sensitisation campaign aimed at boosting public participation in the voter registration process.

    Yakubu, who was represented by the National Commissioner, May Agbamuche-Mbu said  the commission launched a vibrant roadshow that kicked off at INEC Headquarters in Maitama, passed through Banex Plaza in Wuse, and terminated at the bustling Wuse Market.

    The chairman noted that similar campaigns would be held in states across the nation to further mobilise the public,

    He stated: “As of midnight of August 22, 505,906 citizens have pre-registered. This is a testament that Nigerians believe in our democracy and the effort of the commission to further strengthen the electoral process.”

    Yakubu said the CVR, which commenced with the online phase on August 18, 2025, would transition to the physical registration stage on Monday, August 25, 2025.

    He explained that at that stage, both online pre-registrants and new applicants can complete their registration at designated INEC State and Local Government Area offices, where their biometrics would be captured.

    The chairman emphasised that physical CVR would take place at 811 centres across the country, including all 774 Local Government Area offices and State offices, from 9 a.m. to 3 p.m., Monday to Friday.

    On her part the Director Voter Education and Publicity, Victoria Eta-Messi, expressed the commission’s readiness for the in-person registration across its offices nationwide.

    Her words: “Our offices are ready; we have been planning before now, which is why we took a week between pre-registration and in-person registration commencement.

    “So, everything is on course. From August 25, people will be attended to in our offices nationwide, 36 states and the FCT, and the 774 LGA offices of INEC from 9 am to 3 pm,” she said.

    Meanwhile, the Resident Electoral Commissioner (REC), Malam Aminu  Kasimu Idris, has charged the Commission’s  registration officers to maximise the training opportunity to equip their skills as the Commission expects high work ethics from them as schedule officers for the physical CVR exercise in the FCT. 

    The REC gave this charge yesterday, at the opening ceremony of a 2-day training on CVR for the Commission’s registration officers from the the six Area Councils and Head Office of INEC, FCT. 

    The Commissioner  urged the registration officers to be attentive to help refresh and broaden their knowledge to carry out the national assignment they have been entrusted with in the FCT. 

    Also speaking, the Administrative Secretary,  Mrs. Bimbo Oladunjoye, highlighted the importance of the training organised by the Commission, stressed that efficient use of technology, knowledgeable people and well defined processes are key to the success of the CVR  exercise. She admonished the trainees to develop mindsets to learn, and also to take note of the recent innovations introduced into the CVR technology to enable them efficiently discharge their responsibilities to the people.

    In INEC FCT, 66 Registration Officers were trained for the in- person  CVR exercise billed to start on Monday, 25th August, 2025 at the INEC offices in the six Area Councils and Head Office.

    The post INEC: Over 500,000 Nigerians Pre-register Online for CVR in Five Days appeared first on THISDAYLIVE.

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    Adedayo Akinwale in Abuja  The Independent National Electoral Commission (INEC) yesterday, revealed that no fewer than 505,906 eligible Nigerians have pre-registered online for the Continuous Voter Registration (CVR) exercise within
    The post INEC: Over 500,000 Nigerians Pre-register Online for CVR in Five Days appeared first on THISDAYLIVE.

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