UFAA Lists 126 Beneficiaries for Unclaimed Assets Release

Date:

NAIROBI, Kenya — The Unclaimed Financial Assets Authority has identified 126 individuals eligible to inherit unclaimed financial assets belonging to deceased persons.

In a notice dated March 17, the authority said the claims were submitted by administrators, relatives, and legal representatives in line with the Unclaimed Financial Assets Regulations, 2016.

“Notice is issued that the Authority has received claims for unclaimed assets from the following persons,” the statement said.

The assets include dormant bank accounts, mobile money balances, and other financial holdings transferred to the authority after remaining unclaimed.

UFAA said the claimants include public administrators such as Deputy County Commissioners and Public Trustees acting on behalf of estates.

The authority warned that payments will proceed within 30 days unless objections are filed.

“Take notice that if no objection has been lodged… payment will be made,” the notice added.

Members of the public with competing claims have been urged to submit objections within the stipulated period.

UFAA identifies 126 Kenyans set to inherit unclaimed assets, urges objections within 30 days before funds are released.

Unclaimed assets often arise where families are unaware of financial accounts or where succession processes remain incomplete.

The process is anchored in statutory frameworks governing estate administration and financial oversight, with UFAA acting as custodian until rightful beneficiaries are identified.

See also  Senegal Parliament Approves Harsher Jail Terms for Same-Sex Relations

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Trending

More like this
Related

TikTok and Meta Accused of Risking User Safety in Algorithm Wars

Social media giants TikTok and Meta Platforms are facing...

Autumn Durald Arkapaw Makes History as First Woman to Win Best Cinematography Oscar

In a historic moment for the film industry, Autumn...

HF Group Appoints Samuel Mwangi Makome as HFC Chairman, Names Elizabeth Gitau to Board

NAIROBI, Kenya — HF Group Plc has appointed veteran...

Kenya Faces Fertiliser Supply Risks Amid Hormuz Shipping Disruptions

NAIROBI, Kenya — Kenyan farmers could face fertiliser supply...