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{
    "id": 1299083,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1299083/?format=api",
    "text_counter": 290,
    "type": "speech",
    "speaker_name": "Suna East, ODM",
    "speaker_title": "Hon. Junet Mohammed",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I stand to oppose this Motion as amended. If the Motion remained as it was before, I would have supported, but when Hon. Atandi proposed that we amend it, I am guided to oppose it. Let us separate the two issues: let us separate Mr. Dande from Cytonn, which is a company that is registered by authorities in this Republic. Edwin Dande is an individual. If we have a problem with Edwin Dande, let us face him as Edwin Dande. If the problem is Cytonn, let us face Cytonn. It has many directors and employees but it looks like people are obsessed with one person called Edwin Dande. Look at the recommendation that has been made by the Committee in the Report. The Committee is very clear. When you see a Member bringing an amendment on the Floor of the House on a report that has been made by the Committee, it means it has not met the expectations of the petitioner. It is the Committee that engaged the public. It is the Committee that engaged the people who have been affected. It is the Committee that engaged the petitioners. When you bring an amendment on the Floor of the House, it means you want to introduce things that have not been raised by the petitioners, that is, things that have not been raised by the public or things that have not been raised by the affected people. Look at this Report. It says thus on recommendations: “The official receiver speeds up the process of liquidation and reports to the National Assembly within a reasonable time.” What does that mean? It means already there is a receiver manager that has been appointed to handle this matter. I think what is on the ground is that this company, Cytonn, might be having a lot of assets that need to be liquidated that might be used to pay the people whose money has been lost. Why do we not allow time to have the receiver manager’s report? The Report says that the Capital Markets Authority (CMA) should fast-track the alternative regulated funds. That means the CMA has failed in its duties. How did the CMA allow people’s money to be collected haphazardly? Then they want Parliament to go and look for that money on their behalf. This country has a Constitution. We have laws in place. The institutions that are mandated to implement the Constitution and laws must work. If it is the DCI, CMA or the Central Bank of Kenya (CBK), let them work. It is not the responsibility of Parliament to go and look for people’s money in the streets. The responsibility of Parliament is to legislate and do regulations for those institutions. Give them teeth to bite. When institutions fail and you want Parliament to come in and do their work, then we should abolish those institutions. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}