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{
    "id": 124098,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/124098/?format=api",
    "text_counter": 286,
    "type": "other",
    "speaker_name": "",
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    "speaker": null,
    "content": "Madam Temporary Deputy Speaker, to what extent should we allow foreigners to own financial institutions in Kenya? You will realize that in this country, one investor can come in with billions of shillings to invest in a bank or a micro-finance institution and walk away tomorrow. Even with the presence of this Anti-money Laundering law, if we do not go back to assess the owners of various investments like banks and property in this country, all this will be in vain. I would like to highlight one thing about the implementation once this Bill is passed. You will realize that we already have the Kenya Anti-Corruption Commission (KACC) which was set up by this House. However, we want to ask ourselves to what extent has it performed? Madam Temporary Deputy Speaker, can we say it has even addressed one per cent of the corruption cases in this country? Definitely, the answer is “no.” That is why this House decided to make sure that the hon. Ringera actually got out of the Kenya Anti- Corruption Commission (KACC). We still have other officers who must pave way. We, as a House, will do our part. Ours is to pass laws. We know other people are in charge of implementing those laws. However, with the current Attorney General, Mr. Wako, will people who flout these laws be prosecuted? Mr. Wako being the AG, are we going to see prosecution of people who flout this law? With the current Chief justice and other judges, how many people will be taken to court for flouting the provisions of this Bill we are about to pass. Madam Temporary Deputy Speaker, I want to believe that there is a lot we need to do. As I said, we, as Parliament, will do our part. There is a lot that needs to be done in this country in terms of reforms. We have talked about judicial reforms. This law will be nothing without judicial reforms in this country. We should look at the current judicial system in this country. Who appoints judges in this country? Without judicial reforms, this law will remain in the paper to impress us, as a House. It will impress us in the eyes of the international community that we have passed the anti money laundering Bill. We need to do more than just passing this Bill. The Executive must ensure that there are reforms in judicial system in this country. It must make sure that we have the right people in the office of the Attorney General. Otherwise, this will remain on paper. We pass good laws in this country. We have the KACC in place, but nothing much is happening. With those few remarks, I beg to support."
}