The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Auditor General Nancy Gathungu when she appeared before the Senate County Public Investment and Special Funds Committee at Bunge Tower in Nairobi on September 04, 2024. [File, Standard]
TheunclaimedFinancialAssetsAuthority(UFA) has beenfaultedby theAuditorGeneralfor only releasing Sh2.4billioninunclaimedassetsto rightful owners despite having accumulated Sh60billionworth ofassets.
A report by the Nancy Gathungu-led office covering sixfinancialyears from the period between 2018 and 2024 reveals that theAuthorityis holdingSh57.6billionand criticizes it for denying the rightful owners' access to theirassets.
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