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{
    "id": 1546000,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1546000/?format=api",
    "text_counter": 103,
    "type": "speech",
    "speaker_name": "Sen. Sifuna",
    "speaker_title": "",
    "speaker": {
        "id": 13599,
        "legal_name": "Sifuna Edwin Watenya",
        "slug": "sifuna-edwin-watenya"
    },
    "content": "Thank you, Mr. Deputy Speaker, Sir. I am a very proud Member of the County Public Accounts Committee (CPAC) under the able leadership of Sen. M. Kajwang’. During our meeting to adopt this particular Report, we were given the definition of fiduciary risk by the Parliamentary Budget Office (PBO). A cursory search of the term fiduciary risk gives us its definition as the potential or loss that can arise when an entity fails to work in the best interest of the people, leading to misuse, mismanagement, or lack of transparency. In that Report, you will see that the cumulative fiduciary risk exposure of all the 47 counties is Kshs532 billion. Out of that, the fiduciary risk exposure by Nairobi City County alone is Kshs157 billion. These reports bring me great shame as the Senator for Nairobi City County. It is shameful to see that Nairobi City County is number one in all the wrong things. We are the highest when it comes to irregular expenditure at Kshs32.5 billion out of the Kshs39.1 billion of all the counties, which is about 83 or 85 per cent. We are also number one when it comes to unbudgeted expenditure at Kshs12 billion in terms of fiduciary exposure. We then have the matter of pending bills. Out of the Kshs179 billion that constitute pending bills in the 47 counties, 65 per cent of that, or Ksh118 billion, is the fiduciary exposure in Nairobi City County. We have gotten to a place where we now need to know what the next steps are other than just listening to these entities and the Auditor-General appearing before our committees. I want the people of Nairobi City County to understand that even though the Constitution says that Parliament shall look at the reports of the Auditor-General, we rely on other institutions to take action. In the Committee that I sit in, we have recommended prosecution of officers in over 150 cases. We had an occasion to sit with the Ethics and Anti-Corruption Commission (EACC) and asked them to give us the reports about these investigations. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}