Work cut out for incoming unclaimed assets executive

Unclaimed Financial Assets Authority (Ufaa) insider John Mwangi will have to implement the recommendations of several reports that identified billions of shillings held in suspense accounts by listed and private entities as he takes over the helm of the agency.

Mr Mwangi, who earlier headed a team responsible for auditing public and private firms across various sectors, is in possession of the reports that contain evidence of billions of shillings held in suspense accounts that need to be sent to Ufaa for reunification with their rightful owners.

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