Campaign to reunite Kenyans with their unclaimed assets to kickoff

The Unclaimed financial Assets Authority will next week kickoff a drive to reunite Kenyans with their unclaimed assets PHOTO COURTESY

The Unclaimed Financial Assets Authority (UFAA) is rolling out a major drive to reunite Kenyans with their unclaimed assets worth billions of shillings.

The Authority shall kick off the first phase of the campaign starting Monday at three coastal Counties of Taita Taveta, Kwale and Mombasa.

Additionally, the drive will also involve town hall sensitization sessions with would be beneficiaries and owners as it seeks to encourage people to check whether they are listed on the UFAA and the shortcode SMS *361#.

“It is important for people to search if they are listed on our database which is accessible on our website or the shortcode. The big hurdle is that most people assume they do not have anything to claim or thinking it does not apply to them.”UFAA’s CEO John Mwangi said.

The drive is also aimed at encouraging institutions to report an unclaimed asset such as an account credited with customer money or an undelivered cheque from a customer.

Mwangi added UFAA will help identify owners and encourage them to claim such assets.

The Authority is currently holding unclaimed cash valued at Ksh. 13.1 billion, 1451 safe deposit boxes and Ksh. 555.5 million units of shares made up of unclaimed dividends, shares, wages, dormant bank accounts, gift vouchers, and life insurance policies.

Out of this, the three counties of Mombasa, Taita Taveta and Kwale counties collectively have unclaimed assets worth over 400 million.

“It is important that Kenyans are reunited with ‘lost and found’ assets, as it can greatly contribute to the economy of this country,” added Mwangi.

Since its inception in 2014, UFAA has received claims worth over Ksh.400 million from almost 7,000 claimants and has managed to reunite over half of them.

UFAA remains committed to delivering its mission to Receive, Safeguard and Re-Unite unclaimed assets for social prosperity and economic development with all relevant stakeholders.