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Unclaimed financial assets authority on the spot over slow disbursement of cash to owners

Auditor General Nancy Gathungu. [Jonah Onyango, Standard]

The Unclaimed Financial Assets Authority (UFAA) has done little in delivering on its core mandate of connecting beneficiaries with their cash that is lying idle at the State agency.

This is according to a new report by Auditor General Nancy Gathungu, which notes that the agency’s success rate of distributing unclaimed assets to their rightful owners is significantly low.

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