Deputy County Commissioners (DCCs) from various parts of the country are among those listed to receive unclaimed financial assets, according to a notice issued by the Unclaimed Financial Assets Authority (UFAA).
The Authority, through its acting Chief Executive Officer and Managing Trustee, Caroline Chirchir, stated that the move is part of ongoing government efforts to reunite Kenyans with money left idle in banks, insurance firms, and other financial institutions.
“NOTICE is issued pursuant to Regulation 12 of the Unclaimed Financial Assets Regulations, 2016, that the Unclaimed Financial Assets Authority has received claims for unclaimed assets from the following persons claiming as administrators of the estates of deceased persons and agents from the original owners,” the notice read in part.
Among those listed are DCCs from Imenti South, Teso Central, Gem Yala, Kigumo, Soy, Rangwe, Kajiado North, Wote, Kapsaret, Gatundu North, Mwea West, and Murang’a. Public Trustees from Nairobi, Embu, and Machakos also featured on the list.
The Authority clarified that unless objections are lodged within 30 days from the date of publication, payments will be made to the listed individuals and agencies. The process is guided by Regulation 12 of the 2016 Regulations, which provides for public scrutiny before disbursement.
Besides government officials, dozens of private citizens are also set to receive payments for claims involving dormant bank accounts, uncashed dividends, forgotten shares, and unpaid insurance proceeds. UFAA also confirmed that four individuals who declared the loss of original policy documents through sworn affidavits would be paid based on those affidavits if no objections are raised.
“Payment will be made to the aforementioned persons on the evidence of the sworn affidavit for the lost original policy document, and any liability on the lost policy document will immediately cease,” the notice stated.
According to UFAA, the value of unclaimed assets in Kenya is estimated to exceed Ksh17 billion. The Authority urged Kenyans to come forward and file claims to recover their rightful assets, noting that the funds can provide relief to many households and estates that have been long awaiting settlement.
