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{
    "id": 195589,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/195589/?format=api",
    "text_counter": 66,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": "Mr. Speaker, Sir, as I have stated, the schemes are illegal. Therefore, they are not banks. Banks are established under the Banking Act and are, therefore, under the supervision of the Central Bank of Kenya. The Central Bank of Kenya does not supervise illegal institutions. Due to this reason, these schemes defrauded people. The only way the Government could learn about the fraud was through complaints by the victims who have been part of the schemes. The other issue which has been raised by the hon. Member is why the Central Bank of Kenya froze some of the accounts and yet it did not apportion that money to the victims. It is not possible for the Central Bank of Kenya to seize money and dispose of it unless there is a court order which determines who was defrauded and who should benefit from the funds."
}