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{
    "id": 1278816,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1278816/?format=api",
    "text_counter": 217,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "Hon. Temporary Speaker, Hon. Zamzam may not know. I am very cautious on what I say. I will not name names. We know political leaders who have foundations and many trust funds. You can google those who have foundations in their names. Some have even been accused and charged in court. It is in the public domain that there are politicians who have held public offices and have looted from public coffers, laundered the money through foundations and trust funds yet they claim to be offering scholarships to students. You find a politician giving three scholarships to students in a year and claim that that is the work of that foundation. They use that foundation to launder money that was stolen from public coffers. I, therefore, will not be naming any names as much as I know you know them. They are known. I need not to name any names. The other thing that was noted during this peer review that is being addressed in this Bill is that supervisory authorities are not implementing risk-based supervision across the board. This Bill now seeks to ensure that all supervisory authorities implement risk-based supervision. Risk based supervision is for instance our lawyers, members of the legal profession, who are dealing with clients from all walks of life. They can analyse your whole clientele as a lawyer and know this is a person who is in public office, this is how much they earn and this is how much is entrusted to them in that public office."
}