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{
    "id": 1109742,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1109742/?format=api",
    "text_counter": 334,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": " Hon. Temporary Deputy Chairlady, while it might be in vogue to support the deletion of that Clause, let us paint a very practical situation. The Board will collect funds, but it will not expend them immediately. There will be a time lag between when the funds are collected and expended. Keeping that money in the bank is even riskier than putting it in Government securities which are gilt-edged and have zero risk of failure in recovering the money. We need to rethink about it; it might be popular and driven by historical fear. But the fact of the matter is that keeping billions of shillings sitting idle in an account is very tempting for mandarins to steal the money. However, putting the monies in Government securities is a safer way to protect them. I submit."
}