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{
    "id": 1299143,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1299143/?format=api",
    "text_counter": 350,
    "type": "speech",
    "speaker_name": "North Imenti, Independent",
    "speaker_title": "Hon. Rahim Dawood",
    "speaker": null,
    "content": "About five years ago, when I was looking for a property in Nairobi, I was introduced to Cytonn but I could not buy the property because they were not available. They told me they could not give me the property but if I put the money in Cytonn, I could get 18 per cent interest. At that time, you could only get 7 per cent maximum interest in the bank. I am just lucky that I did not invest in Cytonn at that time. At that time, there was a suggestion that there would be an anti-pyramid scheme authority. That was in 2010. I would like to request the Public Petitions Committee together with the Committee on Implementation to look at that report and see if there is a chance. Hon. Atandi can probably bring that Bill for the establishment of an anti- pyramid scheme authority which will look into all those pyramid schemes to Parliament so that people can get their money. We need to have the CBK give us all the frozen money for pyramid schemes so that we know where we stand as a country, and people can get their money back. With those few remarks, I hope and pray that what we are passing today will be implemented as soon as possible and the DCI does its job."
}