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{
    "id": 1359300,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1359300/?format=api",
    "text_counter": 145,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "Petition E003 of 2021, Francis Mugarami Kamau and 6 others versus Sycamore Pine Limited and 2 others. The court has since ordered the stoppage of construction of the estate pending a hearing and determination of the objection. Safaricom Investment Cooperative terminated its agency agreement with Sycamore Pine Limited following that development through a letter dated 9th September 2021. Safaricom Investment Cooperative claimed that on 9th September 2021, it wrote to Sycamore Pine Limited demanding a refund of monies paid by the seven purchasers. However, since 2021, neither Safaricom Investment Cooperative nor Sycamore Limited had refunded the monies to their respective house owners who had made a firm transfer to the developer as at 15th October 2023. Between 18th and 25th October 2023, the funds were made to the respective Kenyans as it obtains on the statement that I am going to lay at the table of the House. It is noteworthy that these funds were made available to the depositors after the Departmental Committee on Finance and National Planning took up the matter, which begs the question: How many more voiceless Kenyans are suffering under the hands of our financial entities without any recourse? Members may recall that this House recently dealt with the issue of Cytonn, where Kenyans lost a lot of investment due to fraudulent transactions in such entities. As you are aware, there has been an increase in complaints from public agents, various banking institutions and certain telcos where members of the public have lost their funds through fraudulent ways, some due to rogue staff and others due to rogue institutions. It is against this background that the Departmental Committee on Finance and National Planning has resolved to undertake an in-depth inquiry into the case of loss of monies by Kenyans through their financial institutions and telephone companies. The Kenya Kwanza Government was elected on a platform of the hustler and this House, as per our motto, will stand with the voiceless Kenyans to avoid anybody from being duped out of their hard-earned money. Hon. Speaker, I beg to lay."
}