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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
An audit of eight sample learning institutions has shown that they held unclaimed financial assets in form of caution money and overpaid fees.
According to Auditor General’s performance audit report on management of unclaimed financial assets by Unclaimed Financial Assets Authority (UFAA), learning institutions are expected to remit caution money and overpaid fees that remain unclaimed for a period exceeding two years after successful completion of studies, graduation and clearance.
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