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Unclaimed assets agency sitting on Sh3b

The Central Bank of Kenya

About two million Kenyans have their money idle in an account at the Central Bank of Kenya as unclaimed assets.

The Unclaimed Financial Assets Authority (UFAA) says about 60 companies have so far surrendered Sh3.3 billion. “The money is at the Central Bank in a trust account. We have so far invested in government securities,” UFAA Chief Executive Kellen Kariuki said at a media briefing in Nairobi yesterday.

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