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Authority mulls converting unclaimed assets into cash
Members of the public learn how they can check the status of any unclaimed financial assets from the Unclaimed Financial Assets Authority (UFAA) desk at Kamukunji grounds in Nyeri town on July 6, 2023. PHOTO | JOSEPH KANYI | NMG
The Unclaimed Financial Assets Authority (Ufaa) is considering converting non-cash unclaimed assets into cash in a bid to expedite the reunification of the items with their heirs.
Ufaa said that by December last year, it had received unclaimed financial assets worth Sh55.6 billion including Sh27.28 billion in cash and Sh28.32 billion in shares.
