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{
    "id": 149689,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/149689/?format=api",
    "text_counter": 408,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "June 3, 2009 PARLIAMENTARY DEBATES 995 The Assistant Minister, Office of the Deputy Prime Minister and Ministry of Finance",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir, on the 6th May 2009, Mr. Peter Baiya, the Member for Githunguri sought a Ministerial Statement from the Deputy Prime Minister and Minister for Finance on the earmarked sale of land belonging to Mbo- I-Kamiti Farmers Company Limited. In particular, he wanted to know:- 1.Whether the Minister is aware that the National Bank of Kenya (NBK) has earmarked for sale Mbo-I-Kamiti Farmers Company Limited land to recover bad loan arrears; 2.Why the Government has chosen to allow the sale of the company properties; and, 3.What action the Government proposes to take to save the company's property and safeguard the interest of the small holders. Mr. Temporary Deputy Speaker, Sir, I confirm that I am aware that the properties belonging to the Mbo-I-Kamiti Farmers Company Limited were advertised for sale by public auction in the Daily Nation newspapers on 20th April 2009 and 4th May 2009. The auction was scheduled to take place on 5th May 2009. However, on the same date, Mbo-I- Kamiti Farmers Company Limited obtained a court injunction to stop the sale of the properties under Court Case No.306 of 2009 filed at Milimani Commercial Courts. The case is still pending in court awaiting hearing and determination. The issues raised by the hon. Member can, therefore, only be addressed once the court case is concluded. Mr. Temporary Deputy Speaker, Sir, on the third issue raised by the hon. Member, I wish to state that Mbo-I-Kamiti Farmers Company Limited is a private company and its dealings with the NBK Limited are of private nature between the bank and the company as a customer. I, therefore, wish to advise the management of Mbo-I- Kamiti Farmers Company Limited to approach the bank and seek an amicable solution to their issues in order to protect the interest of the peasant shareholders. Thank you."
}