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Unclaimed Financial Assets Authority Chairman Francis Njenga, Director of Pensions Treasury, Alfred Kagika, Board Member Joyce Mutegi and Managing Trustee John Mwangi during the launch of the strategic plan on February 8, 2024. [Samson Wire, Standard]
Parliament has formally launched an investigation into the alleged misuse of billions of shillings worth of unclaimed assets held by the State following years of rising concerns over the reunification of the assets with their rightful beneficiaries.
Nominated Senator Gloria Orwoba last week reiterated before the Senate that about Sh10 billion worth of unclaimed assets belonging to the dead could have been misappropriated including about Sh500 million she claimed as questionable auditing fees that cannot be accounted for.
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