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{
    "id": 224834,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/224834/?format=api",
    "text_counter": 208,
    "type": "speech",
    "speaker_name": "Mr. Muite",
    "speaker_title": "",
    "speaker": {
        "id": 235,
        "legal_name": "Paul Kibugi Muite",
        "slug": "paul-muite"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, the other point that I would like to make is that when the Minister was moving this Supplementary Budget, he said he is asking for some more money because of prior contractual commitments made by the Government. I have gone through those Supplementary Estimates and I do not see any provision in respect of particular prior commitments. I am referring to the irrevocable promissory notes in respect of the Anglo Leasing scandal. These are prior commitments. An irrevocable promissory note is a promise to pay when the promissory note is presented by the holder. In accordance with the nature of promissory notes, they are negotiated by the person in whose favour they are made. They are discounted with the banks, so that the final person who brings it to the Kenya Government for payment maybe a third, fourth or fifth person. When it is irrevocable and it is issued by a government, it must be paid. Could the Minister also be clear to this House and the Kenyan people, and tell us what is the totality of these promissory notes? When are the dates of their maturity? So, why do we continue hearing talk that they were revoked? How can you legally revoke an irrevocable promissory note? What is the total potential liability? Has he made provision for it, because he talked about prior commitment? With those few remarks, I beg to support."
}