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UFAA to start paying claims to beneficiaries, charities

Wednesday, July 05, 2023 - 2 min read

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

By Kepha Muiruri

Business Reporter

Nation Media Group

The Unclaimed Financial Assets Authority (UFAA) will pay out claims to beneficiaries and charitable causes under the Finance Act.

Previously, the 2011 UFAA Act restricted payments to the designated owners of unclaimed assets.

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