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STRATHMORE UNIVERSITY FOUNDATION AND UNCLAIMED FINANCIAL ASSETS AUTHORITY PARTNERSHIP (SUF –UFAA PARTNERSHIP)

THE PARTNERSHIP

Strathmore University Foundation has partnered with Unclaimed Financial Assets Authority, for an innovative campaign in reuniting unclaimed assets for donation, for the provision of scholarships to deserving and needy students. Currently 20% of the student population on campus is under Financial aid; by running this campaign, more students will have access to scholarships.   The campaign a first in Africa, will aim at reuniting unclaimed assets with rightful owners for donation. UFAA currently holds Kshs 50 Billion in unclaimed assets. In the year 2020- 2021, UFAA targets to reunite Kshs 1 Billion, SUF has partnered with UFAA in a shared value capacity to assist them attain their target in 2021 and into the future. SUF has partnered with various stakeholders to make the process seamless. SUF’s role in the campaign will be:

  1. Creating awareness of the process of reunification to Strathmore friends and well-wishers.
  2. Collaborating with stakeholders involved in the reunification process.
  3. Facilitating the entire process for the asset owner at no cost.

UFAA

The Unclaimed Financial Assets Authority (UFAA) is an Authority created under the Unclaimed Financial Assets Act, No. 40 of 2011 to administer unclaimed financial assets.

The primary mandate of the Authority is to receive unclaimed financial assets from the holders of such assets, safeguard and re-unite the assets with their rightful owners. Examples of Unclaimed assets include:

  1. Dormant accounts at banks.
  2. Unclaimed dividends and interest earned from stocks and shares.
  3. Unclaimed utility deposits in books of power and water companies.
  4. Unclaimed retirement benefits at insurers and pension administrators.
  5. Unclaimed death benefits and annuities from insurance companies.
  6. Unclaimed bail and bond money deposited in Courts of Law.
  7. Unclaimed deposits and benefits from collapsed institutions.
  8. Uncollected prize money e.g. from a lottery.

DOCUMENTATION NEEDED

  1. A duly signed consent form.
  2. Completed form Original Owner(s) claim form (Form 4A) duly commissioned.
  3. Completed Indemnity agreement (Form 5) duly commissioned.
  4. An official letter received from the holder confirming remittance of unclaimed financial assets to the Authority.
  5. Certified copy of the claimant’s national identity card or passport (Certified by a lawyer).
  6. Copy of claimant’s KRA PIN certificate.

Join us in reunification of unclaimed assets for donation

Submit your details here giving us consent to search for your unclaimed asset/ assets

  • Let us guide you towards reunification for donation.