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{
    "id": 1104070,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1104070/?format=api",
    "text_counter": 79,
    "type": "speech",
    "speaker_name": "North Imenti, JP",
    "speaker_title": "Hon. Rahim Dawood",
    "speaker": {
        "id": 2572,
        "legal_name": "Abdul Rahim Dawood",
        "slug": "abdul-rahim-dawood"
    },
    "content": "Hon. Deputy Speaker, with this, I beseech my colleagues to pass this Bill because there is nothing wrong with it and it intends to assist our people when a bank goes under. At the moment, as we speak, the liquidation of Imperial Bank has not yet been completed six years down the line. For Chase Bank, some people took a hit. The Departmental Committee on Finance and National Planning has surprised me because in their first Report, they did a pre-publication of this Bill and gave it a thumbs-up. However, in their second Report, they said it would not work because it would incur a lot of expenses which we cannot afford. I beseech my colleagues because this is for our people who have money in banks. We cannot have it at Kshs100,000 or Kshs500,000. What about someone with more than Kshs500,000? Where does he/she go? With those few remarks, I ask you to allow Mhe . Millie to say one or two words. Thank you, Hon. Deputy Speaker."
}