The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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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