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Kenya - How to Claim Unclaimed Financial Assets (Original Owner Claim)

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Procedure[edit]

Apply In Person[edit]

  1. The application for a Unclaimed Financial Assets by an original owner is done on the prescribed Form 4A
  2. This form can be obtained from the Unclaimed Financial Assets Authority’s website or it can be provided at the Unclaimed Financial Assets Authority’s Offices.
  3. Once you obtain the application form, fill it and submit to the Authority, the receiving officer shall check for completeness of the form to ensure it meets the licensing requirements and register your application as received. Specify your preferred mode of payment on your claim form. The Authority does NOT make payments in cash.
  4. Submit the filled application form together with all the required documents to the Unclaimed Financial Assets Authority’s Offices.
  5. The evaluation team will go through the application document and after period of ninety days, the unclaimed assets will be releases the original owner.
  6. A gazettement period of 30 days is required for the owner claims. If no objection is received in within this period, the funds will be paid to the claimant after the gazettement period.
  7. No fees are charges for the process
  8. Communications on how to collect the unclaimed assets will be done through email and telephone call.
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Required Documents[edit]


  1. Completed form Original Owner(s) claim form Form 4A duly commissioned.
  2. Completed Indemnity agreement Form 5 duly commissioned.
  3. An official letter received from the holder confirming remittance of unclaimed financial assets to the Authority.
  4. Certified copy of the claimant’s national identity card or passport (Certified by a lawyer).
  5. Copy of claimant’s KRA PIN certificate.
  6. Claimant's bank details indicated on claimant bank details form.
  7. Provide Bank Statement of an active account, current deposit slip, or withdrawal slip - clearly showing account name and number to confirm bank account details provided in item 6 above. (if more than one claimant provide statement of a joint bank account).
  8. Documents from foreign jurisdictions should be notarised by a Public Notary.

Office Locations & Contacts[edit]


Unclaimed Financial Assets Authority,
Pacis Centre, 2nd Floor, Slip Road, Off Waiyaki Way, Westlands, Nairobi.
P.O Box 28235-00200, Nairobi, Kenya. Phone: 020 4023000, 0706866984, 0736559152
Email: info@ufaa.go.ke
Website: UFFA Website

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Eligibility[edit]


  • Any person can have unclaimed assets.

Fees[edit]


  • The processing fee is free of charge

Validity[edit]


  • Validity period is forever.

Documents to Use[edit]


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Sample Documents[edit]

Please attach sample completed documents that would help other people.


Processing Time[edit]


  • The processing time is ninety days

Related Videos[edit]


Kenya- How to Claim Unclaimed Financial Assets – Original Owner(s) Claim



Kenya - Jinsi ya Kudai Mali za Fedha Zisizomilikiwa - Ombi la Mmiliki Asili

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Instructions[edit]


Summary of instructions/steps
  1. Visit the Unclaimed Financial Assets Authority’s offices to get the application form or download the application form and fill in the required information.
  2. Prepare all the required documents and attach to the application form.
  3. Submit the application form to the Unclaimed Financial Assets Authority’s Offices.
  4. Wait for verification of application and document; and running of notice of application for a 30 day gazzetement period in the Kenya gazzete.
  5. Upon approval you will receive communications on how to collect your asset.

Required Information[edit]


  1. Asset code or a brief description of the asset you are claiming
  2. Original Asset Owner’s Name
  3. Original Asset Owner’s Identification Number and KRA PIN Number
  4. Original Unclaimed Asset Owner’s Address as reported by the Holder
  5. Claimant’s Name
  6. Identification Number and KRA PIN Number
  7. Postal and physical address
  8. Joint owner’s Name
  9. Joint Owner’s Identification Number and KRA PIN Number
  10. Address where you would like correspondence, including payment sent
  11. The value of the Owner’s estate

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Need for the Document[edit]


  • This application allows a person who has a claim in assets that have been presumed abandoned and have become unclaimed assets under the provisions of sections 4 to 18 of UFA Act to reclaim the assets.

Information which might help[edit]


  1. What does unclaimed assets means?
  2. These are assets that—
    (a) have been presumed abandoned and have become unclaimed assets under the provisions of sections 4 to 18 of UFA Act.
    (b) have been transferred to the Authority as unclaimed assets, and ;
    (c) have been deemed under any other law to be unclaimed assets and payable to the Authority, and includes all income, dividend or interest thereon but excludes any lawful charges thereon.
  3. Examples of unclaimed assets.
    (i). Dormant accounts at banks.
    (ii). Unclaimed dividends and interest earned from stocks and shares.
    (iii).Unclaimed utility deposits in books of power and water companies.
    (iv). Unclaimed retirement benefits at insurers at insurers and pension administrators.
    (v). Unclaimed death benefits and annuities from insurance companies.
    (vi). Unclaimed bail and bond money deposited in Courts of Law.
    (vii).Unclaimed deposits and benefits from collapsed institutions.
    (viii).Uncollected prize money e.g. from a lottery.
    (ix). Travellers cheque ( 2 years from the date of issuance )
  4. How long do different types of assets take before being considered unclaimed?
    (i) Money order or similar written financial/ monetary instrument ( 2 years from the date of issuance )
    (ii) Cheques, drafts or similar instruments ( 2 years after it was payable or after its issuance )
    (iii) Demand, savings, matured time deposit, funds paid towards the purchase of a share, mutual investment certificate, any other interest in a financial institution ( 5 years)
    (iv) Life or endowment Insurance policy or annuity contract ( 2 years after the funds become due )
    (v) Assets as a result of demutualisation of an insurance company ( 2 years after the date of the demutualisation )
    (vii) Deposit for utility services e.g. electricity, water, etc. ( 2 years after termination of the services )
    (viii) Order by a court for refund by holder ( 2 years after it became payable)
    (ix) Ownership interest ( 3 years )
    (x) Assets from dissolved business entity ( 2 years )
    (xi) Assets held in a fiduciary capacity ( 2 years after they become payable)
    (xii) Gift certificate, gift card or credit memo/note ( 5 years )
    (xiii) Unpaid wages ( 1 year after they become payable )
    (xiv) Assets held in safe deposit box or repository ( 2 years after the lease or rental period on the box or repository has expired )
  5. According to section 3-18 of Unclaimed Financial Assets (UFA) Act, 2011 unclaimed assets have to meet the following conditions:
    (i) When records of the holder do not reflect the identity of the person enlisted to the assets.
    (ii) When the holder has not previously paid or delivered the assets to the apparent owner or other person entitled to the assets.
    (iii) The last known address, as shown on the records of the holder, of the apparent owner is in a country that does not provide by law for the escheat or custodial taking of the assets or its escheat or unclaimed assets law is not applicable to the assets and the holder is domiciled in Kenya.
    (iv) Other ways that assets become unclaimed:
    (a) Death
    (b) Forgetfulness
    (c) Poor record keeping
    (d) Relocation (Regional & global)
    (e) Ignorance
    (f) Negligence
    • Also note that assets are considered “abandoned property” when they appear to have been forsaken by their owner by virtue of no generated activity and to which it is presumed the owner has relinquished his or her interest to the property without vesting such interest in another person or entity.
  6. An asset will be declared unclaimed where one or more of the following requirements are met:
    (i) The records of the holder do not reflect the identity of the person entitled to the assets;
    (ii) The holder has not previously paid or delivered the assets to the apparent owner or other person entitled to the assets;
    (iii) The last known address of the apparent owner is in a country that does not provide by law for passage of property to the State where there is no owner or is not applicable to the assets and the holder is a permanent resident in Kenya.

Other uses of the Document/Certificate[edit]

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.


External Links[edit]


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Others[edit]


  • An asset will be declared unclaimed where one or more of the following requirements are met:
  1. The records of the holder do not reflect the identity of the person entitled to the assets;
  2. The holder has not previously paid or delivered the assets to the apparent owner or other person entitled to the assets;
  3. The last known address of the apparent owner is in a country that does not provide by law for passage of property to the State where there is no owner or is not applicable to the assets and the holder is a permanent resident in Kenya.