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According to the author
The Authority of Unclaimed Financial Assets (Ufaa) claims to process 5,018 claims for an amount of 281 million shillings to date.
Chief Executive Officer Kellen Kariuki praised claims that the authority is preparing to conduct campaigns to inform the public of available cash, securities, mutual funds, insurance policies, and other insurance policies. insurance maturities and other badets under their control at Sh 36.5 billion. -progress where due diligence is observed to ensure that the rights of applicants are paid. The National Registry Office, Ministry of Land and Justice has been incorporated to authenticate the documents submitted to us, "she said.
The authority listed the badets held in trust, including cash (10.7 billion shillings) .76 billion and 8.15 million trusts worth 14.55 million shillings on www.ufaa.go.ke.
Wages and unpaid benefits, pensions, mutual funds, matured policies, unclaimed dividends, money in dormant bank accounts and sacco as well as mobile money portfolios that are not cashed for more than two years are deemed unclaimed and must be badigned to Ufaa.
At the same time 34 other safes containing jewelry, stock certificates, deeds, personal wills, among others, were handed to Ufaa bearing the total of the treasures handed over to 1 047.
The Ufaa said the contents of the chests are unknown, but recent burglaries indicate that they hold valuables worth millions of shillings. The agency and safe depositories have not yet found any guidelines to open secure boxes and disclose the contents that will be sold.
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