Ufaa gets Sh1bn unclaimed assets in rush to deadline

Unclaimed Financial Assets Authority chief executive officer John Mwangi. FILE PHOTO | NMG

Private firms and State agencies surrendered Sh1 billion in unclaimed assets in the three months to October, new data shows, as they raced to beat a deadline that lapses today fearing sanctions.

The Unclaimed Financial Assets Authority(Ufaa) chief executive John Mwangi said the submissions raised the value of unclaimed money in its custody to Sh17 billion by yesterday with more cash expected before the end of today.

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