The Unclaimed Financial Assets (Amendment) Bill, 2024 was introduced in the National Assembly on Monday, May 13, 2024.

The Bill sponsored by Leader of the Majority Party, Hon. Kimani Ichung’wah (Kikuyu) seeks to make amendments to the principal act to accord claimants of assets more powers to make determinations on transferring of unclaimed assets 

The Public Investment Committee on Commercial Affairs and Energy has raised a red flag over land ownership challenges affecting the Kenya Pipeline Corporation (KPC) and the Kenya Ports Authority (KPA).

Speaking during a session in Mombasa on Wednesday 8th, Committee Chairperson Hon. David Pkosing said that there is need to safeguard government land from encroachment.