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{
    "id": 1479172,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1479172/?format=api",
    "text_counter": 323,
    "type": "speech",
    "speaker_name": "Narok North, JP",
    "speaker_title": "Hon. Agnes Mantaine",
    "speaker": {
        "id": 420,
        "legal_name": "Richard Moitalel ole Kenta",
        "slug": "richard-moitalel-ole-kenta"
    },
    "content": "Ufundi Co-op Plaza in the Nairobi CBD has for several years been the subject of a vicious court battle between Ufundi Savings and Credit Co-operative Society Limited and its 14,999 members. In 2022, a three-judge bench ordered that the land and the Plaza, which are co-owned by the Sacco and the investing members, should be sold and the proceeds be shared after clearing debts owed to the Co-operative Bank of Kenya. The proceeds would be shared between the Sacco and investing members at a ratio of 58.88 per cent and 49.12 per cent, respectively. The ruling made by the court intended to bring closure to the long-standing dispute and provide a fair resolution for all stakeholders. Despite the clear directives provided by the court, ongoing wrangles between the investing members and the Sacco continue to impede the sale of the Plaza. Unfortunately, the wrangles have affected constituents of Narok North, who are members of the Sacco. Some of the affected constituents are Mr Peter Gisemba of ID No.1576966 and Mr Ngugi Gitere of ID No.0094256. The inordinate delay in the sale and payment of dues has caused anguish and financial distress to members who are now elderly. Some are now deceased, with their 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."
}