Agency in a spot over alleged misuse of Sh10 billion unclaimed assets

Unclaimed Financial Assets Authority (UFAA) CEO John Mwangi (left) and UFAA Chairman Francis Kigo before the Senate Finance and Budget committee to deliberate on a statement sought by Senator Orwoba regarding financial impropriety at the County Hall, Nairobi. [Elvis Ogina, Standard]

The Unclaimed Financial Assets Authority (UFAA) has been put to task over claims of misappropriating more than Sh10 billion of Kenyans' unclaimed assets.

The Authority Chief Executive Officer John Mwangi and the Board Chairman Francis Kigo were on Tuesday hard-pressed to explain alleged embezzlement of the unclaimed assets.