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The Unclaimed Financial Assets Authority (UFAA) has managed to reunite Kenyans with shares worth Sh45 million from a kitty of unclaimed financial assets worth billions of shillings.

UFAA chairman Kigo Njenga said mid this week in Kirinyaga county that the agency has received from stock brokerage companies unclaimed shares worth Sh1.7 billion.

“We have since June this year been carrying out reunification activities in various counties. And out of the activities, thousands of Kenyans have been reunited with their unclaimed assets. For example, out of the total received unclaimed units of shares, we have been able to assist Kenyans access Sh45 million units of unclaimed shares,” said Kigo.

He noted that Sh2 billion has been refunded to Kenyans from dormant bank accounts, payable dividends out of shares from listed companies, and salary arrears by companies.  

From unclaimed financial assets worth Sh241 billion, the agency received Sh31 billion out of which Sh2 billion, has been refunded to Kenyans.

So far over 3,000 Kenyans have been reunited with their lost and found monies under the reunification exercise.

UFAA chief executive John Mwangi said the first reunification drive that targeted the counties of Nakuru, Nyeri, Thika and Eldoret in the month of July, 2023 saw at least 3,088 Kenyans get reunited.

“We have managed to reach out to the increasing number of Kenyans under a programme the authority is running together with the Huduma Kenya (HK),” said Mwangi while opening a three day exercise at Central Primary in Eldoret town last month.