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{
    "id": 1341722,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1341722/?format=api",
    "text_counter": 325,
    "type": "speech",
    "speaker_name": "Kitui East, UDA",
    "speaker_title": "Hon. Nimrod Mbai",
    "speaker": null,
    "content": " Hon. Temporary Speaker, I beg to move the following Motion: THAT, this House adopts the Report of the Public Petitions Committee on its consideration of Public Petition No.07 of 2022 regarding Probable Loss of Investments in Cytonn High Yields Solutions Platform, laid on the Table of the House on Thursday, 4th May 2023. Hon. Temporary Speaker, on 16th November 2022, the Member for Alego Usonga Constituency, Hon. Samuel Atandi, presented in this House public Petition No.7 of 2022 on Probable Loss of Investments in the Cytonn High Yields Solutions Platform on behalf of Ms. (Ambassador) Josephine Awuor, Ms. Carolyne Otieno and Mr. Omondi Obonyo, who are investors in the Cytonn Company Limited. The petitioner prayed that the National Assembly, through the Public Petitions Committee: 1. Summons the Capital Markets Authority (CMA) to establish how they intend to operationalise the investor compensation fund to grant compensation to investors who suffer pecuniary losses resulting from failure of licensed brokers or dealers to meet the constructional obligations as stipulated in Section 18 (1) of the Capital Markets Act. 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."
}