×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Audit reveals firms, State holding Sh330 billion unclaimed assets

Auditor General Nancy Gathungu says as of August 1, 2024, the Unclaimed Financial Assets Authority had received Sh65 billion, out of the estimated Sh397 billion, in unclaimed financial assets. [File, Standard]

A majority of public and private entities in Kenya continue to hold onto hundreds of billions of shillings belonging to Kenyans.

This is despite a law requiring them to either turn the money over to the Unclaimed Financial Assets Authority (UFAA) or reunite the assets with their rightful owners or beneficiaries. 

Get Full Access for Ksh99/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Access this article for Ksh5
Already a subscriber? Log in