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Unclaimed cash, shares, dividends cross Sh50bn
Former Vice-President Kalonzo Musyoka, Bungoma Senator Moses Wetang’ula, 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
Unclaimed cash, shares and dividends surrendered to a State agency have crossed the Sh50 billion mark as investors including tycoons show disinterest in reclaiming the idle assets.
Unclaimed Financial Assets Authority (Ufaa) on Monday revealed the idle assets stood at Sh51.4 billion in December, up from Sh43 billion in June, reflecting a growth of 19 per cent.
