Unclaimed Financial Assets Authority

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Overview

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info@ufaa.go.ke

The Unclaimed Financial Assets Authority (UFAA) was established under the Unclaimed Financial Assets Act, No. 40 of 2011 and began operations in 2014. It is responsible for receiving, safeguarding, and reuniting unclaimed financial assets with their rightful owners. UFAA ensures compliance by institutions holding unclaimed assets, educates the public on asset recovery, and manages a central database for unclaimed funds. The Authority also advises the government on policies related to unclaimed assets. By promoting transparency and accountability, UFAA enhances public trust and financial sector integrity in Kenya.

CEO: CHRP Caroline Chirchir

Mrs. Caroline Chirchir has extensive experience in human resource management across the financial and service sectors. She previously held senior roles at SMEP Microfinance Bank, Kenya Bankers SACCO, and Rentokil Initial Kenya. She holds a Master’s in Counseling Psychology (Daystar) and a Bachelor’s in Business Management
(Sunderland, UK).

Management Team

CHRP Caroline Chirchir

CEO

CPA Beatrice Chelangat

Acting Manager

CPA Henry Taabu

Manager, Fin. & Acc

Francis Muchina

Manager, ICT

David K. Masai

Senior Strategy Officer

Jack Gumboh

Manager, Procurement

Paul Muya

Head of Corp. Comm

CPA Pius Kimutai

Manager, Audit & Risk

FCIArb., David Kamau

Corporation Secretary & Head of Legal

Board of Governors

Dr. CPA Francis Kigo Njenga

Chairman

Dr. Chris K. Kiptoo

P.S – NT

Jonah Orumoi

Alternate Director

Rebecca Nabwire Osogo – Okwara

Director

Benson Ronoh Benhard

Director

Joyce Mwende Mutegi

Director

Samuel D. Kachumbo Mkonu

Director

CHRP Caroline Chirchir

Ag. CEO and Managing Trustee

Functions

  • Receiving and Safeguarding Unclaimed Assets – Collects and securely holds unclaimed financial assets from institutions.
  • Reuniting Assets with Rightful Owners – Facilitates the identification and return of assets to beneficiaries.
  • Ensuring Compliance – Enforces the Unclaimed Financial Assets Act, No. 40 of 2011 among asset holders.
  • Managing the Unclaimed Assets Trust Fund – Oversees the proper management and investment of unclaimed funds.
  • Maintaining a Central Database – Keeps records of unclaimed financial assets for easy tracking.
  • Creating Public Awareness – Educates the public on unclaimed assets and recovery processes.
  • Investigating Unclaimed Assets – Identifies and recovers undisclosed or mismanaged assets.
  • Advising the Government – Provides policy recommendations on unclaimed financial assets management.
  • Collaborating with Stakeholders – Works with financial institutions, regulators, and the public to enhance compliance.
  • Promoting Transparency and Accountability – Ensures ethical handling and reporting of unclaimed assets.

Important Links

Address & Contacts

  • Unclaimed Financial Assets Authority (UFAA), Pacis Centre, 2nd Floor, Slip Road, Off Waiyaki Way, Westlands, Nairobi
  • P.O. Box 28235-00200 Nairobi, Kenya.
  • info@ufaa.go.ke
  • 020 4023000 | 0706866984 | 0736559152