Afrinvest Securities Limited (ASL) has introduced into the financial market, a unique product, called AfriTrack which is designed to unlock the value of outstanding and unclaimed entitlements of investments in Nigerian quoted securities (equities and bonds) on behalf of her clients.
Targeted at High Networth Individuals (HNIs) and corporates, cooperative societies, estate account clients and busy executives, AfriTrack is a combination of ancillary services bundled into a single service, for ease and convenience.
“It involves reconciliation of client’s shareholding and investments; recovery of all outstanding certificates, bonuses and dividend warrants; recovery of return moneys on unallotted public offer shares; dematerialization of recovered share certificates; revalidation of expired dividend warrants; and consolidation of multiple shareholding accounts and CSCS accounts in multiple houses,” said Charles Egbunonwo, Managing Director of ASL.
On how to avail AfriTrack services, Egbunonwo said, “simply open a brokerage account with Afrinvest Securities Limited, fill out the AfriTrack application form, supply basic information on your investment portfolio and provide us with a mandate or authorization letter. We would then leverage on our cordial relationship with various company registrars to promptly reconcile actual shareholding against benefits and entitlements received.”
“AfriTrack services would normally be concluded within a period of one to three months depending on the complexity of the portfolio and peculiar circumstances”, Egbunonwo noted.
Afrinvest Securities Limited is a broker dealer and dealing member of the Nigerian Stock Exchange. It is a fully-owned subsidiary of Afrinvest (West Africa) Limited, a wealth advisory firm involved in investment banking, securities trading, asset management and investment research with a focus on West Africa.
HOPE MOSES-ASHIKE
