The Unclaimed Financial Assets Authority (UFAA) has launched campaigns to push Kenyans to collect from it their monies and shares, which are currently total a whopping Sh63 billion.
UFAA says the reunification clinics and campaigns are meant to encourage Kenyans to collect the unclaimed Sh33 billion in cash and 1.7 billion shares that are worth Sh30 billion.
Members of the public have been asked to come out and verify in the UFAA database if there are unclaimed financial assets that have been forfeited to the agency in their name.
Since its commencement in 2023, the “Claim Your ‘Lost and Found’ Cash Karibu Nawe” campaign seeks to inform the public on untaken financial assets and how to claim them.
UFAA says the campaign so far rolled out in Nakuru, Nyeri, Thika, Eldoret, Murang’a and Kirinyaga counties has seen Kenyans claim Sh4.5 billion in cash in the year ended June 2023.
“These amounts mark a 49 percent growth from the Sh3.02 billion remitted in 2022,” indicated UFAA CEO John Mwangi during a reunification exercise in Embu.
Mwangi says the campaign also seeks to push holding institutions like banks, SACCOS and insurance firms to surrender unclaimed financial assets to UFAA avoid being penalized.
The authority has adopted the Unclaimed Financial Assets Management System (UFAMS) to enable online filing and tracking of claims and automated processing to boost reunification.
UFAA says the claims processing and payment policies allow a 30-day payment turnaround time with banks, SACCOs, mobile money, and cheques available as the payment options.
To file a claim, a potential claimant can use the short code *361# or visit www.ufaa.go.ke.
