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The government has identified 126 Kenyans eligible to inherit unclaimed mobile money balances, bank funds, and other financial assets left by deceased individuals.
The Unclaimed Financial Assets Authority (UFAA) issued a notice on Tuesday, March 17, confirming the move as part of efforts to return dormant funds to rightful heirs.
These assets had remained inactive for long periods before being transferred to UFAA for safekeeping, following applications submitted by claimants under the 2016 Unclaimed Financial Assets Regulation.
The notice lists claimants acting as administrators of estates, relatives of deceased persons, legal representatives, and government officials managing estates where succession processes were incomplete.
Officials named include Deputy County Commissioners, Assistant Public Trustees, and Public Trustees handling estates on behalf of heirs, ensuring the claims meet legal requirements before funds are released.
UFAA clarified that the claims will proceed if no objections are lodged within 30 days from the notice’s publication, after which verified beneficiaries will receive their funds.
Members of the public with objections or competing claims are advised to submit them at UFAA offices within the 30-day period to prevent unintended disbursement.
The Authority has made the full list of beneficiaries available on its official website, ufaa.go.ke, for public verification and transparency.
Unclaimed financial assets often arise when account holders die without informing families, when insurance policy beneficiaries fail to claim, or when accounts remain inactive for long periods.
The initiative aims to help Kenyans reclaim funds that have been dormant for years, promoting accountability and proper management of estates across the country.
UFAA urges claimants and the public to act promptly, noting that failure to lodge objections within the notice period will result in automatic release of the funds to listed beneficiaries.
This move underscores the government’s commitment to ensuring that unclaimed financial resources are returned to rightful owners rather than remaining dormant indefinitely.
It also highlights the importance of succession planning and regular account management to prevent assets from becoming unclaimed or inaccessible to families after death.
By streamlining the claim process, UFAA hopes to reduce disputes over estates and ensure fair and transparent distribution of dormant funds to legitimate heirs.
The 126 Kenyans set to benefit represent a small fraction of the thousands of accounts held by deceased individuals whose assets have been transferred to the Authority over the years.
UFAA continues to encourage all Kenyans to check their relatives’ financial records to identify unclaimed assets and submit claims before deadlines expire.
