The Kenyan unclaimed financial assets department is responsible for holding all unclaimed assets of those who died without writing a will of their property. According to Business Daily Africa, Mrs Kellen Kariuki founded this state agency and chalked about ksh 36.5 billion of unclaimed assets.
Mrs Kariuki unlocked the billions of money for Kenyan’s whose loved ones died without sharing information about their wealth or writing a will. This agency created an online portal where Kenyans who had retired and their relatives can check whether they had any shares in the sh. 36.5 billion that has been held by the institution.
Mrs Kellen Kariuki, the Financial Assets Chief executive announced on 2nd August 2018 that she was going to quit her position. Mr Kigen wished her well saying that she had exercised her right and notified the board about her decision of leaving the office on 1st November 2018.
However, Mr Kigen said that she will continue serving as the CEO until they get another successor.
Apart from the money, the agency has 1047 safe boxes with title deeds, valuables like jewellery, and certificates among other things. The custodians of these properties are banks, Sacco’s and insurance companies.
Many Kenyans are not aware that there is an institution that deals with unclaimed assets where they can check whether their loved ones who died had some properties which they had not disclosed to them before their death.
Since death is sudden, and usually happens unexpectedly, many people don’t know about the unclaimed assets of their loved ones.
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