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{
    "id": 102965,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/102965/?format=api",
    "text_counter": 108,
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    "content": "Mr. Speaker, Sir, the Deposit Protection Fund Board (DPFB) is currently liquidating 20 institutions. However, most of the securities held by the Fund comprise of rural homes and irregularly acquired land that are unrealizable in the medium term due to their locality, thus making it difficult for the DPFB to finalise the liquidation process. In order to enable the DPFB finalize liquidation process within a reasonable period, I propose to amend the Banking Act to give powers to the DPFB to hold and sell unrealizable securities after winding up an institution."
}