The Unclaimed Financial Assets Authority (UFAA) has explained how assets become unclaimed, just a day after 20 companies were fined a total of Ksh 2.2 billion for failing to remit unclaimed assets.

Once the objection period lapses without disputes, the authority will finalise the verification process and facilitate the ...

Private firms and State agencies surrendered Sh1 billion in unclaimed assets in the three months to October, new data shows, as they raced to beat a deadline that lapses today fearing sanctions. The ...

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 ...

The latest news from the little-known but enormously important State-controlled Unclaimed Financial Assets Authority (UFAA) is the recent appointment of well-known communications and public affairs ...

Worldwide, as is the case in Kenya, unclaimed financial assets are held by the government until owners claim them. And there are billions of abandoned assets held by the state in form of security ...

Nairobi — The Unclaimed Financial Assets Authority says it has begun to move over 800 million units of unclaimed shares that remained uncollected by owners and beneficiaries to the Unclaimed Assets ...

Nairobi — The Unclaimed Financial Assets Authority (UFAA) currently holds Sh57 billion in government securities at the Central Bank of Kenya, alongside other unclaimed assets including institutional ...

Disbursement of unclaimed financial assets has been growing steadily from a paltry Sh30 million in 2016 to Sh1.2 billion by June 2021. A recent customer survey shows claimants are discouraged from ...

Disbursement of unclaimed financial assets has been growing steadily from a paltry Sh30 million in 2016 to Sh1.2 billion by June 2021. A recent customer survey shows claimants are discouraged from ...