The Unclaimed Financial Assets Authority (UFAA) has released a new notice listing 147 individuals and entities who are set to receive payments for assets that once belonged to their deceased relatives.
According to a notice published in the Kenya Gazette on November 7, UFAA invited the listed individuals to claim the unclaimed funds and also urged anyone who may have objections to raise them within 30 days.
UFAA’s Acting Chief Executive Officer and Managing Trustee, Caroline Chirchir, explained that if no objections are made within the specified period, the payments will automatically be processed and released to those whose names appear on the list.
“Notice is hereby issued in line with Regulation 12 of the Unclaimed Financial Assets Regulations, 2016.
The Unclaimed Financial Assets Authority has received claims for unclaimed assets from individuals acting as administrators of deceased estates and as agents of original owners,” the notice stated.
“If no objections are received at the Authority’s offices within thirty (30) days from the date of publication, payments will be made to the said persons,” it added.
The notice also outlined where each asset is being held, with most of them under the custody of commercial banks, while a few are tied to insurance firms and other local corporations.
In another notice, the Authority highlighted two more individuals who had filed claims but reported that their original policy documents were missing.
“This notice is issued under Regulation 9 of the Unclaimed Financial Assets Regulations, 2016. The Authority has received claims from the following persons who have sworn affidavits declaring that their original policy documents have been lost,” the announcement read.
This initiative is part of a broader government effort to help Kenyans recover money and assets that have been left inactive in banks, insurance companies, and other financial institutions over the years.
As of February 2025, UFAA reported that it was holding over Ksh82 billion in unclaimed financial assets. The Authority emphasized that its main mission is to trace the rightful owners and ensure they are reunited with their funds.
“We are currently in possession of over Ksh82 billion in unclaimed assets. Our job is not to keep this money but to return it to the rightful owners. We urge Kenyans to come forward and claim what belongs to them,” said UFAA Board Chairman, Francis Njenga.
Njenga also revealed that despite the massive amount of unclaimed money, only about Ksh2 million is claimed every month. He expressed concern that the slow rate of claims could lead to an unnecessary buildup of unclaimed assets.
He added that while the Authority is committed to safeguarding these funds, Kenyans should take advantage of the opportunity to reclaim what is rightfully theirs, stressing that doing so will help prevent the accumulation of dormant financial assets across the country.
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