Unclaimed shares, cash and M-Pesa cross Sh100bn

Unclaimed dividends and insurance covers stood at Sh4.3 billion and Sh3 billion respectively.

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Unclaimed assets have crossed the Sh100 billion mark for the first time, swelling the coffers of a Treasury unit amid struggles to find their owners.

Data shows the Unclaimed Financial Assets Authority (Ufaa) sat on Sh115 billion in December from idle cash at banks, shares, M-Pesa wallets and dividends and is struggling to reunite the growing haul to its legitimate owners.

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Note: The results are not exact but very close to the actual.