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{
    "id": 153823,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/153823/?format=api",
    "text_counter": 288,
    "type": "speech",
    "speaker_name": "Mr. Wako",
    "speaker_title": "",
    "speaker": {
        "id": 208,
        "legal_name": "Sylvester Wakoli Bifwoli",
        "slug": "wakoli-bifwoli"
    },
    "content": "Mr. Speaker, Sir, on the issue of promissory notes, yes, at the time they were signed, they were valid and binding. They were binding because the proper officials of Government who can bind the Government under our laws actually executed those promissory notes. So, they were binding at that time, but subsequently, when we discovered that these agreements were being used for fraud, on my advice, the Minister for Finance issued a caveat emptor which was published in all the international newspapers which was dated 20th December, 2007 and which includes some of the promissory notes referred to by the hon. Member. It is also illustrative to note that although it expired in February, nobody has raised a claim. I can inform this House and reiterate what the Minister for Finance said; that no claim is going to be paid on the issue of promissory notes."
}