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Agency processing Sh281 million unclaimed asset claims

Unclaimed Financial Assets Authority (Ufaa) Chief executive Kellen Kariuki. FILE PHOTO | NMG

What you need to know:

  • Ufaa has listed the assets held in trust including cash (Sh10.7 billion), 446.99 shares worth Sh25.76 billion and 8.15 million unit trusts worth Sh14.55 million on www.ufaa.go.ke.
  • Uncollected workers’ salaries and benefits, pensions, unit trusts, matured policies, unclaimed dividends, money in dormant bank and sacco accounts as well as mobile money wallets that remain uncollected for more than two years are deemed unclaimed and must be surrendered to the Ufaa.

Unclaimed Financial Assets Authority (Ufaa) says it is processing 5,018 claims for payments of Sh281 million year-to-date.

Chief executive Kellen Kariuki hailed the rising claims as the authority prepares to mount campaigns to inform the public of the available money, securities, unit trusts, matured insurance policies and other assets in their custody standing at Sh36.5 billion.

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