×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Ufaa wants firms to declare unclaimed assets in reports

Ufaa Chairman Francis Njenga. [David Gichuru, Standard]

The Unclaimed Financial Assets Authority (Ufaa) wants accountants' professional bodies to compel their members to declare unclaimed proceeds during their reporting.

The authority has said that withholding this information is misleading the public, particularly investors, who seek to put their money in those institutions.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in