Twenty companies and institutions, including eight universities, Airtel Kenya, Mwalimu National SACCO, and WPP Scan Group, have been fined a total of Ksh 2.23 billion for failing to remit unclaimed financial assets as required by law. According to a report by the Unclaimed Financial Assets Authority (UFAA), the penalties were imposed on institutions that held […]
CPA Laban Molonko has been inaugurated as the new CEO and Managing Trustee of the Unclaimed Financial Asset Authority (UFAA) for a term of three years. Molonko takes over from Caroline Chirchir, who has been serving in an acting capacity since August 2024. Molonko became the third CEO and Managing Trustee since the inception. While […]