{"id":2707,"date":"2019-02-06T08:10:52","date_gmt":"2019-02-06T08:10:52","guid":{"rendered":"https:\/\/candrgroup.co.ke\/?p=2707"},"modified":"2024-02-08T20:48:18","modified_gmt":"2024-02-08T20:48:18","slug":"does-the-ufaa-have-your-money","status":"publish","type":"post","link":"https:\/\/candrgroup.co.ke\/2019\/02\/06\/does-the-ufaa-have-your-money\/","title":{"rendered":"Does the UFAA have your money?"},"content":{"rendered":"\n
Does the UFAA have your money?<\/em><\/strong><\/p>\n\n\n\n The essential list of how to know, how to recover your assets and preventing remittance in the first place<\/em><\/p>\n\n\n\n Do you have shareholdings in a listed company and have not claimed your dividends? Or have a bank account that you have not operated for a year or more. Possibly you could be a beneficiary of an insurance policy and were due for a payment more than two years ago but haven\u2019t gotten round to collecting. In another instance, you could be an employee who has unpaid wages. If any of these scenarios are plausible in your instance you just might have some unclaimed assets kept in custody by the Unclaimed Financial Assets Authority.<\/p>\n\n\n\n As at 2018, UFAA stated that it had custody of 8.7 billion shillings in cash, an estimated value of 16 billion shillings in shares. This roughly totals up to around 25 billion value on Kenyan\u2019s behalf. You might feel that you don\u2019t remember having any unclaimed assets personally, but a good percentage of this has to do with beneficiaries. This means you might be a beneficiary of some money you are unaware of relating to an insurance policy, a business or a relative.<\/p>\n\n\n\n What is the UFAA?<\/strong><\/p>\n\n\n