Kenya Power starts remitting unclaimed assets arrears

Kenya Power chief executive Bernard Ngugi. FILE PHOTO | NMG

Kenya Power #ticker:KPLC has remitted Sh88 million or six percent of the arrears it holds as unclaimed assets in a race to comply with the law and avoid penalties.

Auditor-General Nancy Gathungu said in an audit report that the utility is, however yet to deposit Sh1.29 billion with the Unclaimed Financial Assets Authority (Ufaa).

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