Unclaimed financial assets safe with UFAA

Worldwide, as is the case in Kenya, unclaimed financial assets are held by the government until owners claim them. And there are billions of abandoned assets held by the state in form of security deposits, tax refunds, long forgotten bank accounts and pension money, among others.

A common misconception by many is that the government walks away with unclaimed assets. Others also assume the money is taken up by the financial institutions holding them once they realise their owners have “abandoned” them for long.