BusinessDay... the voice of business: UBA Registrars launch 3-in-1 Hybrid Portal

UBA Registrars launch 3-in-1 Hybrid Portal
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MADUKA NWEKE on 14 May, 2008 02:00:00
 
In order to ease the challenges faced by  investors in share registration, UBA
Registrars Limited last weekend in Lagos launched a 3-in-1 Hybrid Portal
designed to deliver quality service to customers in the investment sector. The
portal which is the first of its kind in sub- Saharan Africa, represents the
most advanced approach to share register administration.
Speaking at the launch of the UBA Registrars Portal at the weekend, the chief
executive officer of UBA Capital Market, Chika Mordi, said the product was
designed for the convenience and comfort of investors since following
investors’ growing sophistication, it became imperative to look at ways of
serving them better and faster.
The managing director of UBA Registrars,Peter Ashade, said the portal was a
web, based application which allows access to information anytime and anywhere.
He described it as a Three-in-One Package (‘3iOP’), which is tailor-made to
address the needs of: Client-companies, Stockbrokers and shareholders in a
manner that will add value to them.
On the side of the client -company, he said they would enjoy accessibility to
relevant information such as total shareholder data record, shareholders
structure, shareholder range analysis, shareholder dividend and certificate
details as well as statement of account. For the stockbrokers, he said the
module offered firms direct access to information such as items lodged for
verification, date verified, verification status, date forwarded to CSCS, and
details of verified certificates.
"In exceptional cases where an item is returned or unprocessed, the tracking
module gives details and the reason for returning", he explained, adding that it
would also solve missing lodgment, delayed verification, among others. Ashade
said the third module of the portal offers major access to shareholders to get
relevant information such as details of dividend payment, certificate history
and statement of account.
Lola Oyebadejo, President, institute of Capital Market Registrars, ICMR and
former MD/ CEO, Union Registrar said the portal was the answer to a problem in
Nigeria capital Market "What we are witnessing today is a landmark in the
history of share administration in the country. With this latest product, those
things that had posed a lot of problems to many of us in the past have become
walkovers" She said.