Govt Issues 30-Day Notice as Hundreds to Receive Funds

The move is part of government’s ongoing efforts to ensure Kenyans get back funds left inactive in banks and insurance firms...
✨ Key Highlights
The Unclaimed Financial Assets Authority (UFAA) has issued a 30-day notice listing 193 Kenyans, including several Deputy County Commissioners (DCCs), as approved claimants for dormant financial assets. This initiative by the Kenyan government aims to return funds left inactive in banks, insurance firms, and other institutions.
- A total of 193 Kenyans are listed as approved claimants for unclaimed financial assets.
- The UFAA, led by acting Chief Executive Officer and Managing Trustee Caroline Chirchir, is managing the disbursement process.
- The value of unclaimed assets in Kenya is estimated to exceed Ksh17 billion, with payments governed by Regulation 12 of the Unclaimed Financial Assets Regulations, 2016.
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