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{
    "id": 1299105,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1299105/?format=api",
    "text_counter": 312,
    "type": "speech",
    "speaker_name": "Tigania West, UDA",
    "speaker_title": "Hon. (Dr) John K. Mutunga",
    "speaker": null,
    "content": "kind of stealing from Kenyans. The people we are dealing with here are very educated; they sit and plan how to steal from Kenyans. I want draw the attention of Kenyans to the name itself. It reads “Cytonn High Yields Solutions Platform”. Who does not want high yields? We are all in pursuit of high yields, so that is a title that entices Kenyans to want to explore the company and probably even invest in it. We should also look at who is involved. Do they have a name behind them? Are they people who have credence in the society? In that respect, we trust them based on their background. For example, there is the Mavoko issue that was on the news last evening, highlighting the suffering of the people there. This is as a result of educated people in this country, experienced in investments, who sat down to scheme. People have suffered. I watched this lady who recorded herself going through her house’s debris. It is not fair to subject Kenyans to such suffering. We need to strengthen CMA but before then, I propose that CMA opens up a portal for Kenyans to report some of the non-performing issues. Many Kenyans are being conned every day but do not know. They only realise the con game when the title deed delays and the companies start giving excuses that do not make sense. This has happened even with well- known companies in this country. Once the payment has been made, the management becomes aloof. The management disappears and that is when it dawns on the investor that there is a problem. Therefore, CMA should open a portal where we can report some of these institutions that are stealing from Kenyans. There is a lot of stealing going on and that is why there is need to strengthen CMA. Without invoking the powers of the DPP and DCI, we will not conclude this matter. We need to invoke these powers so that we can take these criminals to court. For all intents and purposes, these are criminals and they must be taken to court. We will not conclude if they do not go to court. The Committee on Implementation needs to follow-up this matter to the end to ensure that these criminals are taken to court. The victims have paid for the property yet they are suffering. They need to be paid their money. How can we help Kenyans? We would like Kenyans to exercise caution when it comes to investments. In this particular respect, investments in this country always have some underhand deal. We need to be careful where to invest. That is why we strongly propose to Kenyans that from now they need to support the Government Housing Scheme which is clear, guided by Kenyan laws and protected by the State. Kenyans can invest in this scheme and be sure that their money will be useful. Hon. Temporary Speaker, without the amendment from Hon. Atandi, then the Committee on Implementation, DCI, DPP and even the courts are toothless. They need to be given these ‘teeth.’ I support."
}