Rédaction Africa Links 24 with Kenyans.co.ke
Published on 2024-02-20 14:11:30
The Unclaimed Financial Assets Authority (UFAA) has issued a call to 70 business entities, including eight government institutions, to come forward and claim monies that have been lying idle in their possession. The notice, which was published in a local daily on Tuesday, February 20, specifically named the El Nino Emergency Fund as one of the institutions that needs to assert their ownership of the funds in their possession.
While the exact amount of money that the Fund is entitled to was not revealed, UFAA urged the management of the Fund to make a formal claim in order to obtain the assets that are contained in its bank account, which is assigned to the Government of Kenya. The call also included other institutions such as the Agriculture and Food Authority, the National Environment and Management Authority (NEMA), and the Community Development Trust Fund. Additionally, Moi Primary School, Kenya Hospital Authority, Coffee Board, and Itongo Dok Youth Polytechnic were also mentioned on the list.
The notice stated, “The Unclaimed Financial Assets Authority wishes to inform the below-listed persons and or their beneficiaries that it has received unclaimed financial assets in their names from various holders. Owners and or beneficiaries are requested to lodge their claim using the relevant forms and attach supporting documents.” This is a clear message for these institutions and individuals to take necessary steps to claim their assets.
The UFAA also revealed that they are holding unclaimed assets belonging to 229 individuals, ranging from estates in their names to mobile money transactions. As part of their efforts to raise awareness and encourage people to claim their assets, the authority embarked on a nationwide campaign last year. Francis Kigo Njenga, the Chairperson of UFAA, emphasized the importance of reinvesting the claimed funds back into the economy, stating, “We want Ksh52 billion to go back to the mainstream economy because that is the main objective of having this unclaimed assets authority. We are in the process of telling people to come and get their money. We are doing a lot of advertisements, including printing names on the print media.”
Individuals who are unsure of the status of any assets registered under their names can confirm by dialing the short code *361#. This service allows individuals to check if they have any unclaimed assets registered under their names.
In addition to their efforts to raise awareness, the UFAA has also been active in conducting tours to reach a wider audience. A picture included in the content features the Unclaimed Financial Assets Authority caravan during a tour in January 2024. This is evidence of their proactive approach in reaching out to the public and encouraging individuals and institutions to claim their assets.
Overall, the notice from the Unclaimed Financial Assets Authority serves as a reminder to these 70 business entities and individuals to take the necessary steps to claim their unclaimed financial assets. It is part of a broader effort to ensure that these funds are reinvested back into the mainstream economy, benefiting both the claimants and the economy as a whole.
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