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Home»Business»Audit reveals firms, State holding Sh330 billion unclaimed assets
Business

Audit reveals firms, State holding Sh330 billion unclaimed assets

By By Macharia KamauOctober 28, 2025No Comments2 Mins Read
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Audit reveals firms, State holding Sh330 billion unclaimed assets
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Auditor General Nancy Gathungu says as of August 1, 2024, the Unclaimed Financial Assets Authority had received Sh65 billion, out of the estimated Sh397 billion, in unclaimed financial assets. [File, Standard]

A majority of public and private entities in Kenya continue to hold onto hundreds of billions of shillings belonging to Kenyans.

This is despite a law requiring them to either turn the money over to the Unclaimed Financial Assets Authority (UFAA) or reunite the assets with their rightful owners or beneficiaries. 

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function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
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A majority of public and private entities in Kenya continue to hold onto hundreds of billions of shillings belonging to Kenyans.

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Published Date: 2025-10-28 07:10:00
Author:
By Macharia Kamau
Source: The Standard
By Macharia Kamau

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