×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Ufaa wants firms to declare unclaimed assets in reports

Ufaa Chairman Francis Njenga. [David Gichuru, Standard]

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 withholding this information is misleading the public, particularly investors, who seek to put their money in those institutions.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Business
MPs launch probe into State Sh244b Safaricom stake sale
Business
Kenya's foreign investment slips as FDIs stagnate at Sh195b
Business
Nairobi to lead green energy push in Africa
Business
Why Kenya's zero-tariff deal with China is up in the air