Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Alarm over State move to seize unclaimed assets

Retirement benefit schemes have expressed alarm at plans by the Government to seize Sh200 billion unclaimed assets held in financial institutions.

Finance Minister Njeru Githae

They insist that they were still tracing owners of the unclaimed assets and it would be wrong for the Government to disrupt the exercise. Trustees of the pension schemes expressed discomfort with the prospect of having to hand over unclaimed assets to an authority under the control of political appointees.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902

Follow The Standard on Google News