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{
    "id": 149132,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/149132/?format=api",
    "text_counter": 398,
    "type": "speech",
    "speaker_name": "Mr. 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, last week Dr. Khalwale asked me to make a Ministerial Statement on pyramid schemes. A petition was delivered to hon. Dr. Khalwale by some victims of pyramid schemes to be presented to Parliament. By that time, I was already in the process of taking necessary action to address previous petitions which had been presented by different groups of the victims. This is because some of the schemes had been registered with my Ministry as co-operative societies. I appointed a taskforce on 14th January, 2009 to look into the plight of the pyramid schemes victims. The taskforce commenced work on 9th February, 2009. Subsequently, they held many public hearings in various parts of this country, where presentations and representations were made by the victims, their lawyers and families. Alongside the public hearings, the taskforce also organised registration of victims in all district co-operative offices countrywide. The taskforce also interviewed some directors and promoters of pyramid schemes with a view to verifying some of the information that had been gathered during the public hearings. Some of the directors and promoters who were unable to attend the interviews were represented by their lawyers, while some did not turn up. In addition, the taskforce visited relevant Government offices, where I am told valuable information relating to the activities of pyramid schemes was availed. The taskforce now is in the process of compiling the final report which should be presented to me by the middle of this month. Thank you."
}