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{
    "id": 138474,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/138474/?format=api",
    "text_counter": 204,
    "type": "speech",
    "speaker_name": "Mr. J. Nyagah",
    "speaker_title": "The Minister for Co-operative Development and Marketing",
    "speaker": {
        "id": 269,
        "legal_name": "Joseph Nthiga Nyagah",
        "slug": "joseph-nyagah"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir, I was very satisfied with the initiative of the private people. So, I see the Report that was done by Nyenze Task Force and the other one as complementary. As our people proceeded, it became clear that there was need for further investigations which that report would be part of. That is why we then had to open our own register using our offices. In the four week period or so, we recorded Kshs8.2 billion. We know many people were afraid or were not sure, but now they are coming forward now that they have realized we are serious. Mr. Temporary Deputy Speaker, Sir, 270 pyramid schemes were noted by my commission. That is contained in the thick annex which I have just produced. I am sorry, that is what hon. Members have not seen. There is thicker annex which shows 270 pyramid schemes identified during that period. Out of these, 17 converted to SACCOs at the last minute. The Task Force was not able to get confirmation from the CBK about the frozen amount. The Report recommends that CBK makes that information public. This is because the Task Force was not able to extract that information from the CBK. As we went round the country the provincial administration helped us in organizing meetings and providing security. Yes, there were accusations that in the earlier stage, some officers of provincial administration had been involved in hosting meetings where these ideas were being sold. However, during the tour, the provincial administration co-operated fully in providing security and helping us arrange these meetings. It is for that reason that some information was not availed to the Task Force. We have proposed that further investigation be done. What needs to be done is clearly marked, because my Ministry is only in charge of co-operatives. There is a limit to what I can do. However, it is necessary for me to bring it to public attention because it has become a crisis. Therefore, more work should be done by the Central Bank of Kenya (CBK), the Criminal Investigations Department (CID) and this Parliament because this is a very important matter. That is what I said in my Statement which I issued earlier on. A small and simple Ministry like the one I head has a limit to what it can do on its own."
}