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{
    "id": 1091609,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1091609/?format=api",
    "text_counter": 16,
    "type": "speech",
    "speaker_name": "Sen. (Dr.) Ali",
    "speaker_title": "",
    "speaker": null,
    "content": "We found that there are many issues concerning this Petition. There were challenges because the liquidation of MUSCO continues to impact negatively on the initial broad clientele. The liquidity challenges can be linked to decisions made over investment on non- core issues. However, MUSCO did not meet the prescribed minimum credential requirements as provided for under the SACCO Act and accompanying regulations. As such, SASRA ought to have closely monitored the activities of the SACCO to ensure that the standards are upheld and sustained. Madam Temporary Speaker, in terms of revocation of MUSCO’s licence, we have realized that if there was a problem, SASRA did not do what was required. Therefore, the Committee was of the opinion that this was hastily undertaken. Further, cognizant of the fact that cooperate societies are devolved functions pursuant to Part II of the Sixth Schedule of the Constitution, adequate and exhaustive engagements and input from Inter-Governmental Relations Technical Committee (IGRTC) and the County Government of Uasin Gishu ought to have been undertaken. The Committee recommends the reinstatement of MUSCO certification to allow for its operation. However, there are other issues which are there, for example, the problem of the outstanding bills. Madam Temporary Speaker, taking into consideration the petitioners prayers and the observations, the Committee makes the following recommendations- (a)The Commissioner for Cooperatives Development, in consultation with SASRA, County Government of Uasin Gishu, Cooperative Bank of Kenya and the IGRTC, to reinstate MUSCO’s certification of operation within 90 days; (b)Cooperative of Kenya to present a comprehensive report on the way forward as regards the credit facility owed by MUSCO within 90 days; (c) The Directorate of Criminal Investigations (DCI) to institute investigations on malpractices and abuse of office by former MUSCO officials dating back to 2009 and prosecute those found culpable of financial impropriety and report back to the Senate in 90 days; (d) The Office of the Auditor-General to undertake a forensic audit of the liquidation process by MUSCO to determine any impropriety or otherwise and report to the Senate within 90 days. (e) The County Government of Uasin Gishu to provide the Senate, within 30 days, a comprehensive report detailing the initiative they intend to undertake following the reinstatement of certification of MUSCO operations with specifics on the financial commitment towards releasing MUSCO liabilities. (f) The State Department for Cooperatives to present to the Senate, within 30 days, the National Co-operative Development Policy for concurrence and subsequent implementation."
}