I Bought Dangote Flour Shares in 2007 but Have Not Recovered My Investment
I invested ₦150,000 in Dangote Flour Mills shares during the 2007 public offer and still hold the original share certificate. However, I have not received any dividend or recovered my initial investment. I visited banks to complete e-dividend forms, only to later learn that the company had been delisted. In 2022, I also approached pension and stockbroking offices in Gombe and was told the company had been sold. I was directed to the Securities and Exchange Commission, where I completed an e-mandate form, but I have received no update. This experience has made me more cautious about investing without understanding how dividends, registrars and delisted companies are handled. I would appreciate guidance from investment professionals on how to trace or reclaim the shares or any outstanding entitlement. I would also like help estimating what ₦150,000 invested in 2007 would be worth today after accounting for inflation and changes in the value of the naira.
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