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{
    "id": 235225,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/235225/?format=api",
    "text_counter": 368,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": "Mr. Temporary Deputy Chairman, Sir, the concern of the Committee about the creation of the position of chairman, is because this is a practice which is completely new in Africa. All our neighbouring countries have the Central Bank governors as the chairmen. This being a new 3580 PARLIAMENTARY DEBATES November 9, 2006 phenomenon, it is something which needs to be scrutinized thoroughly by this Parliament. We need to understand the value that will add. We are trying to move away from the control of the Central Bank of Kenya (CBK) by the Minister. This particular chairman will be appointed at the recommendation of the Minister himself. So, he will appoint his own crony without the sanction of this Parliament. So, we are very apprehensive that such an important issue is being sneaked in the Finance Bill. The Minister can appropriately bring all these amendments to the CBK Act, so that we scrutinise them."
}