Sh400bn charge blocking unclaimed shares transfer
Nairobi, Oct. 29 -- A State agency responsible for unclaimed assets has revealed a hefty Sh400 billion fee it requires to move abandoned shares under its custody, frustrating its efforts to reunite the multi-billion.
The Unclaimed Financial Assets Authority (UFAA) claimed it requires Sh200 to move each of the two billion idle shares to an account under its custody from the Central Depository and Settlement Corporation (CSDC).
Published by HT Digital Content Services with permission from Business Daily....
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