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Treasury to auction tycoons unclaimed Sh26bn shares

Former Vice-President Kalonzo Musyoka, ex-Cabinet minister Simeon Nyachae, the late Bomet Governor Joyce Laboso and late First Lady Lucy Kibaki are among the list of prominent Kenyans whose funds have helped swell the unclaimed assets fund. FILE PHOTOS | NMG

By  JAMES KARIUKI

Billionaire businessmen, former powerful government officials and prominent politicians are in the long list of individuals who risk losing Sh26 billion worth of shares that have been surrendered to the Treasury as idle assets.

The Unclaimed Financial Assets Authority (UFAA) has given the owners of the over 800 million shares up to end of August to claim ownership of the stocks.

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