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Kibakis, Obamas claim idle assets held at Treasury

Obama senior had nominated his eldest son Roy Obama, also called Malik, as a beneficiary. AFP PHOTO | Tony KARUMBA
Obama senior had nominated his eldest son Roy Obama, also called Malik, as a beneficiary. AFP PHOTO | Tony KARUMBA 

Families of former presidents Mwai Kibaki and Barack Obama have lodged claims for their assets taken over by the Treasury after being deemed idle property.

The Unclaimed Financial Assets Authority (UFAA) yesterday said the family members had finally formally sought the funds that remained unclaimed for years.

“Obama family members met us last week to lay claim to the assets. Kibaki family has also lodged a claim as well as that of the late CS Nkaissery,” said Kellen Kariuki, chief executive at UFAA — agency that holds unclaimed assets in trust for the rightful owners.

The authority is holding East Africa Breweries Limited (EABL) shares of undisclosed value belonging to the family of Obama Senior, Barack Hussein Obama — a former senior economic analyst at the Treasury who died in a car accident in 1982.

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