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{
    "id": 1476728,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1476728/?format=api",
    "text_counter": 50,
    "type": "speech",
    "speaker_name": "Sen. Miraj",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, again I rise pursuant to Standing Order No.53(1) to seek a statement from the Standing Committee on Finance and Budget regarding the steps taken by the Central Bank of Kenya (CBK) in maintaining banking hygiene with specific reference to cases of accounts of deceased persons. Many banks in Kenya subject the common mwananchi of Kenya to a lot of unnecessary anguish, especially whenever there is a death of an account holder or customer involved. One such case involves Mrs. Noor Ali Islam Jeyzan, a widow of the late Anwar Muhammad Bayusuf. They owned a transport firm called Bayusuf Brothers Limited and operated an account with Diamond Trust Bank (DTB). The widow was made aware of an overdraft transaction made by DTB on 6th June, 2011 to the tune of Kshs59,300,000 against the deceased’s accounts. She confirms that she was not aware of the transaction, did not authorize it and said that the amount was never credited to the company's account as the account was dormant with zero balance during the period the overdraft was alleged to have been made. On further enquiry, the bank claimed that the deceased issued the instructions. However, in the absence of any documentation, it is difficult to verify this transaction claim. Mr. Speaker, Sir, DTB auctioned land Number 194, Section 6MN for cash of Kshs70 million as well as the company, following the due legal process and still claims an outstanding balance of more than Kshs17,628,748, yet the total outstanding amount of cash, Kshs52,371,252, has since been fully settled. This prompted the widow to lodge a complaint with the Department of Banking Fraud at the Mombasa branch of the CBK to no avail since the information sought has not been forthcoming, contrary to Article 35(1)(B) of the Constitution of Kenya, 2010. In the statement, the committee should- (1) Outline any steps the CBK has taken to resolve the matter and furnish the Senate with an elaborate report detailing compliance with regulations. (2) Explain specific measures the CBK took to sanction DTB for failing to provide its customer the information sought and disclose full information on who authorized the loan and the transactions therein. (3) State the measures taken by the CBK to ensure that businessmen do not suffer from predatory lending."
}