Kenyans fail to claim assets worth Sh54.9b

UFAA Chief Executive Mr John Mwangi. [David Gichuru, Standard]

The government has unclaimed financial assets valued at Sh54.9 billion, including ShSh24 billion worth of cash whose owners cannot be traced.

The unclaimed assets are in the form of dividends; bank deposits; mobile money; matured insurance policies or bonuses and shares, which are being held in trust by the Unclaimed Financial Assets Authority (UFAA).