The Unclaimed Financial Assets Authority (UFAA) has released a new 30-day notice listing 193 Kenyans, including several Deputy County Commissioners (DCCs), as approved claimants for dormant financial assets.
In the notice, UFAA revealed that the move is part of the government’s ongoing efforts to ensure Kenyans get back their funds left inactive in banks, insurance firms, and other institutions.
According to the notice, claimants include administrators of deceased estates, agents of original asset holders and individuals who have filed affidavits for lost policy documents.
‘’NOTICE is issued pursuant to Regulation 12 of the Unclaimed Financial Assets Regulations, 2016 that the Unclaimed Financial Assets Authority has received claims for unclaimed assets from the following persons claiming as administrators of the estates of deceased persons and agents from the original owners,’’ the notice read in part.
According to the acting Chief Executive Officer and Managing Trustee, Caroline Chirchir, if no objection will be lodged within the 30 days, the financial assets will be handed over to the claimants.
‘’Further take notice that if no objection has been lodged at the offices of the Authority at the address below within thirty (30) days of the date of this publication, payment will be made to the aforementioned persons,’’ the notice continued.
Among those listed are DCCs from Imenti South, Teso Central, Gem Yala, Kigumo, Soy, Rangwe, Kajiado North, Wote, Kapsaret, Gatundu North, Mwea West, and Murang’a. Others are Public Trustees from Nairobi, Embu, and Machakos.
UFAA stated that payments will be made to the listed individuals and agencies unless objections are lodged within 30 days of the publication date.
The Authority emphasized that the process is governed by Regulation 12 of the Unclaimed Financial Assets Regulations, 2016, which allows for public scrutiny before disbursement.
Apart from the government officials, the list also includes dozens of private citizens who have successfully filed claims for assets like dormant bank balances, uncashed dividends, insurance proceeds, and forgotten shares.
The Authority also issued a separate notice addressing claims involving lost policy documents. Four individuals submitted sworn affidavits declaring the loss of original documents, the authority confirmed that the payments would be made based on these affidavits if no objections are raised within the 30-day window.
‘’Payment will be made to the aforementioned persons on the evidence of the sworn affidavit for the lost original policy document, and any liability on the lost policy document will immediately cease,’’ the notice continued.
According to UFAA, the total value of unclaimed assets in Kenya is estimated to exceed Ksh17 billion, and Kenyans are encouraged to claim.
