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{
    "id": 202023,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/202023/?format=api",
    "text_counter": 315,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr Temporary Deputy Speaker, Sir, I was trying to figure out how to respond to the issue without interfering with the courts. Thanks for your assistance on that. Mr. Temporary Deputy Speaker, Sir, when we look at the Kenya Reinsurance Corporation, it has been mentioned here a couple of times. It is one of the State corporations that we have turned around with new management. We admit that there were challenges. There were some cases, but looking at a corporation whose base is billions of shillings, we considered Kshs36 million exposure as immaterial. Nevertheless, because it is public money, we went ahead and commissioned some in-depth investigations to dig deep and see what exactly was the problem at Kenya Reinsurance Corporation. How do we avert it in future and how do we send a message to all the other corporations? Regardless of the amount involved, we shall get in, investigate, get the culprits and return the money. I am very happy that in this case, eventually there would not be a single loss of any money or asset by the corporation. I believe that, that is what the Kibaki Administration is all about; protecting the public assets. We know the history, in this country, of assets being plundered. State corporations being turned into cash cows. However, over the last four-and-a-half years, that has been totally reversed. We can move into the future with confidence knowing that the next PIC Report will be a summary of issues like what was said about the Kenya Airports Authority (KAA) in terms of progress, and visible and tangible results. October 2, 2007 PARLIAMENTARY DEBATES 4279 Mr. Temporary Deputy Speaker, Sir, as we put the issues in proper perspective, I also want to echo the sentiments expressed by my colleague, the Minister for Justice and Constitutional Affairs. Indeed, what we are saying here is the work of masters who were there in the 1990s, in the period that they reviewed and who were responsible for turning these State corporations into cash cows. They were responsible for bringing them down on their knees. Now, they are moving up and down on political platform telling us how clean they are and how good they can be in turning around this country. Mr. Temporary Deputy Speaker, Sir, I shudder when I look at what future this country would have if those people were to come back anywhere near public resources based on their past performance. We almost see them salivating at the money and resources that the Kibaki Government has put together, so that they can come and plunder it. I hope that Kenyans will be far much wiser to use their votes to ensure that some of those people never come anywhere near the public resources or kitty. That would be where---"
}