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Unclaimed cash takeover claim false, says UFAA

Unclaimed Financial Assets Authority (UFAA)CEO Kellen Kariuki during during the launch of unclaimed Financial Assets awareness creation in Nairobi.PHOTO DAVID NJAAGA

The Government has dismissed a mystery social media message claiming it plans to take over the Sh8.3 billion held by various financial institutions and whose owners cannot be traced.

The message, being circulated via the WhatsApp messaging platform, claims beneficiaries who do not come forward by the end of this month will have to forfeit their cash, which will then revert to the State.

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