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{
    "id": 180513,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/180513/?format=api",
    "text_counter": 158,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": "Yes, Mr. Deputy Speaker, Sir. This is what the Minister said during the Budget Day:- \"Institutions licensed under the Banking Act do, from time to time, accumulate funds or other financial assets which, for one reason or another, have not been claimed by their customers or depositors. The funds, or assets, finally remain with the institutions while the beneficiaries continue to suffer. In order to address these challenges, I have constituted a task force consisting of stakeholders in the financial sector to look into the matter with a view to establishing the magnitude of the unclaimed financial assets currently being held by these institutions, and propose the way forward, including the amendment of relevant laws to ensure that these unclaimed financial assets are in safe hands and the beneficiaries are paid when they resurface\". November 5, 2008 PARLIAMENTARY DEBATES 3271 Mr. Deputy Speaker, this means that there are beneficiaries who have not claimed these funds and the institutions take advantage of the unclaimed funds."
}