African Prudential Registrars (APR) Plc has inaugurated an e-registrar solution designed for the investing public. Managing Director and Chief Executive Officer, APR, Mr Peter Ashade, said this at the maiden edition of the company’s investors’ forum themed “Building a stronger and more vibrant Capital Market; the Role of Registrars.” He said the electronic solution was a marked departure from conventional share registration practices.

Ashade noted that the solution, which was the first to be designed by registrars was a giant leap ahead and marks generational shift and the beginning of technological advancement in the industry. He said the solutions, which now form the benchmark for e-share registration services across West Africa, were designed to allow access to personalised information anytime, anywhere, via a secure portal.

Ashade said the rebasing of the economy has created an opportunity to grow the Nigerian stock market, adding that to leverage from the great potential underscore the need for the company to upscale its technology. “We are committed to innovation in African Prudential Registrars, this event create a platform to re-inform investing community about the paradigm shift of new registration platform. We believe we have been playing the leading role in innovation and we will continue to research not only for Nigerian players but to international investors,” he said.

The President of the Association for Advancement of the Rights of Nigerian Shareholders (AARNS), Dr.Faruk Umar commended the e-registrar solutions. He noted that the management has brought a lot of innovation to the investment community that will help to stem the tide of unclaimed dividend in the country. Umar advised registrars to help reduce the high level of impersonation in annual general meetings by uploading pictures of shareholders in their registrars. He noted that the current trend has brought a lot of disrepute to authentic shareholders because of unethical conducts of these impersonators.