alexa Financial industry alarmed by new Bill on unclaimed assets - Daily Nation

Financial industry alarmed by new Bill on unclaimed assets

Sunday July 24 2011

CBK governor, Prof Njuguna Ndung’u. Photo/FILE

CBK governor, Prof Njuguna Ndung’u. Parliament is about to pass a Bill that will create a new government agency, the Unclaimed Assets Authority, with powers to take over all unclaimed assets sitting in dormant accounts with either commercial banks or insurance companies or unpaid dividends sitting on the books of quoted companies. Photo/FILE 

By JAINDI KISERO, [email protected]