Trust Fund

The Unclaimed Assets Trust Fund was created under Section 44 of the Unclaimed Financial Assets Act, No. 40 of 2011. It is vested in, and operated and managed by the Authority.
The Fund receive remittances from holders all moneys that become or are deemed to be unclaimed assets and other payments required by the Act or by any other written law to be paid into the Fund.
Payments are also made out of the Fund to rightful owners of unclaimed assets once identified.
The Authority has received remittances amounting to KShs. 8.70 billion from holders into the Trust Fund Account including FOREX in various denominations. Reports have been made for 241,346,342 shares.
The Authority has so far received claims amounting to KShs. 139 million from 3039 claimants.
Unclaimed Financial Assets Regulations, 2016, recently gazetted, formalizes processes relating to management of unclaimed financial assets.
 

Status of the trust fund as at 30th June 2017

 
Asset type   Amount KShs.
CASH Cash remitted 8,290,890,974.35
Other FOREX reported 194,607,999*
USD Volume (2,325,696.43)  
Estimated value (Kshs.) 241,201,930*
Total 8,726,700,903.35*
 
SHARES Volume (241,346,342)  
Estimated value (Kshs.)     16,423,641,992**
     
UNIT TRUST FUND Volume (9,079,391.03)  
Estimated value (Kshs.) 15,310,000
     
SAFE DEPOSITS Volume 963 units
     
Total estimated Fund value 25,165,652,895**

NB: * denotes estimated value at prevailing market rate.

       ** denotes estimated Fund Value for assets remitted and reported.

 

 

Contact Us

Unclaimed Financial Assets Authority,
Pacis Centre, 2nd Floor, Slip Road, Off Waiyaki Way, Westlands, Nairobi.
P.O Box 28235-00200, Nairobi, Kenya.
Phone: 020 4023000, 020 4343440, 0706866984, 0736559152
Email: info@ufaa.go.ke

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