The Unclaimed Financial Assets Authority (UFAA) has issued a notice to 147 entities, inviting them to claim assets that belonged to their deceased loved ones.
In a notice issued in the November 7 Kenya Gazette issue, the authority published the names of all the claimants and urged those aggrieved to lodge their objections.
The UFAA Acting Chief Executive Officer and Managing Trustee, Caroline Chirchir, further directed that if no objection to the names is made in the next 30 days, the payments will be made to the listed persons.
"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 of the original owners," the notice read in part.
"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 publication of this notice, payment will be made to the aforementioned persons."
The authority further listed where each of the assets is being held, with banks dominating the list and a few other local corporations following suit.
In a subsequent notice, the authority listed two more claimants who had indicated that the required policy documents were lost.
"Notice is issued pursuant to regulation 9 of the Unclaimed Financial Assets Regulations, 2016 that the Unclaimed Financial Assets Authority has received claims for unclaimed assets from the following persons who, through sworn affidavits, have indicated that the original policy documents have been lost," the notice read.
This 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.
As of February 2025, the authority announced that it was grappling with uncollected financial assets worth over Ksh82 billion.
"We are looking for the owners of this Ksh82 billion to come and pick up the money. Our core mandate is not to receive the money and keep it; we receive and reunify the money with the owners. So we urge Kenyans to come ahead and claim their money," (UFAA) Board Chairman Francis Njenga revealed.
Njenga further revealed that just a measly Ksh2 million is claimed monthly, and while it is their responsibility to keep the money safe, there is a need for Kenyans to claim the financial assets to avoid a pile-up of unclaimed financial assets.
