Reunification Process of Unclaimed Financial Assets and Its Success Rate in Kenya
| dc.contributor.author | Njoroge, Elizabeth Wambui | |
| dc.date.accessioned | 2026-02-16T12:19:46Z | |
| dc.date.available | 2026-02-16T12:19:46Z | |
| dc.date.issued | 2025-11 | |
| dc.description | A Research Project Submitted to the School of Law, Arts and Social Sciences in Partial Fulfilment of the Requirement for the Award of the Degree of Master of Arts in Public Policy of Kenyatta University. November, 2025 Supervisor Jane Njoroge | |
| dc.description.abstract | This study explored the effect of the reunification process of unclaimed financial assets on its success rate in Kenya. The management of these assets in Kenya is governed by the unclaimed financial assets act 2011.The act establishes the UFAA which is the authority given the responsibility to manage these assets. In addition, the act establishes the UFATF. The UFATF is the fund that holds the unclaimed financial assets under the management of the UFAA. Despite the establishment of UFFA, reports have shown that there are still worries concerning the under-declaration of these assets and there is still a low re-unification with the proprietors. Past studies have focused on the effect of unclaimed financial assets on the financial performance of various institutions. The study was on reunification process of unclaimed financial assets on the reunification success rate. The objectives were to determine the effect of the search for unclaimed financial assets, the claims filling process, and other collaborative initiatives on the success rate of reunification in Kenya. Theories were theory of escheatment. The study design was descriptive. Census sampling was used to sample all the 32 employees as respondents in the study. A questionnaire and an interview schedule were used. Descriptive and inferential statistics through multiple linear regression were utilized in analyzing the data. The study established that search for unclaimed assets claim filling process and collaboration initiative had significant influence on the success rate of reunification in Kenya. P-values were less than the adopted threshold P <0.05) hence all the null hypothesis were rejected. The study endorsed that in order to ensure better transparency to the authority by holders of the actions taken to contact specific clients prior to surrendering assets to the UFAA, the Unclaimed Financial Authority (UFAA) should create robust systems. Additionally, the UFAA should put up a system for the prudent handling of unclaimed financial assets across all industries. Additionally, the authority has to implement consistent accounting and reporting standards for these assets across all industries and run effective public education and financial literacy initiatives. Laws and regulations on such assets should be reviewed to revise the charges incurred in the claiming process. | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/32450 | |
| dc.language.iso | en | |
| dc.publisher | Kenyatta University | |
| dc.title | Reunification Process of Unclaimed Financial Assets and Its Success Rate in Kenya | |
| dc.type | Thesis |