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"id": 1180518,
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"type": "speech",
"speaker_name": "Nominated, ODM",
"speaker_title": "Hon. John Mbadi",
"speaker": null,
"content": " To be honest, let us reject these regulations. Regulation 21 gives the financial intermediaries powers. They may match the funds or not. We should be clear that if you are accessing this Fund as a financial intermediary, you must match the funds. We should say that they shall match the funds but not may match the funds. The use of the word “may” gives leeway to these intermediaries to access this Fund and do business with it without matching. This Committee did a shoddy job. We must return these regulations. We need these funds. We must have this Fund. However, the regulations must be rejected by this House and re-done by the Government."
}