Naivas Supermarkets founder’s assets have been taken over by the Treasury, putting him on the long list of individuals whose shares in companies listed at the Nairobi bourse have been surrendered to the State.
The Unclaimed Financial Assets Authority (UFAA) said it was holding Sasini and Safaricom shares and dividends belonging to the late Peter Mukuha Kago.
Mukuha died on May 6, 2010 and was buried at Nakuru’s North Public Cemetery. His Safaricom shares were surrendered to the authority in 2014 and dividends from 2015 to last year as his family battled for his wealth in court.
Sasini also transferred shares and dividends belong to the Naivas patriarch in 2017.
He joins a list of prominent names, including Barack Hussein Obama, the father of the former US president, Lucy Kibaki, wife of retired President Mwai Kibaki and Lena Moi, whom former President Moi divorced in 1974, whose assets were considered idle and have been forwarded to the agency.