Billionaire businessmen, former powerful government officials and prominent politicians are in the long list of individuals whose assets have been surrendered to the Treasury, raising the question whether the entities submitting the records are complying with the law that requires them to look for the owners.
Most of the assets, now in the custody of the Unclaimed Financial Assets Authority (UFAA), have been surrendered by public listed firms, insurance companies, banks, pension schemes, legal firms, telecoms operators and saccos among others.
