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{
    "id": 237452,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/237452/?format=api",
    "text_counter": 169,
    "type": "speech",
    "speaker_name": "Mr. Kipchumba",
    "speaker_title": "",
    "speaker": {
        "id": 313,
        "legal_name": "Joseph Kipchumba Lagat",
        "slug": "joseph-lagat"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, I agree with you. Indeed, other Ministers are here. More importantly, the technocrats from the Ministry of Finance are with us here. Those are the people we rely on when it comes to technical matters. Mr. Temporary Deputy Speaker, Sir, I was talking about the receiver of revenue. There is no point of the receiver of revenue transmitting money to the Treasury, and thereafter receiving back part of that amount. The receiver of revenue can retain a certain portion of it. However, there must be a forum at which the Treasury is informed of level of retention. Similarly, with regard to the proposal contained in Clause 64(b), we have had problems with Appropriations-in-Aid (A-in-A). I am happy that from now onwards, expenditure of A-in-A will be audited and any excess collection forwarded to the Treasury. That is very important, because many receivers of revenue have in the past just received money. I am happy that it has now been recognised that, indeed, monies appropriated by Parliament should be deemed to be money provided for a particular purpose. That gives the institution of Parliament the motivation it requires to perform its functions even more effectively. As I have said, this is generally a good Bill. I want to support it, but I would like the few suggestions I have given to be taken on board. I want the Minister to, probably, before the appointment of the chairman of the Board of the Central Bank of Kenya (CBK), table before this House the duties of the chairman of the Board and those of Governor. The reason for giving this suggestion is that, while we accept the fact that the chairman of the CBK's Board can be appointed by the President, we would want to look at his/her credentials. That is why we are saying that it would have been prudent for the Minister to bring to this House a Bill to amend the Central Bank of Kenya Act, so that we can know the kind of personalities to be appointed to those posts. The CBK is not just any other institution. It is an institution that overseas the running of other financial institutions in this country. The reason as to why I previously said that there must be a chairman is because we have had problems with the tendering procedures. We are all aware of the fact that as a human being, when one is the Governor of the CBK or the Board chairman, one can easily have problems in terms of furthering personal interests in running the affairs of the institution. We have witnessed such problems and we must cure them. The most mischievous scenario is to have a person who has interest in the tenders awarded by the institution, occupying the office of the Governor. With those few remarks, I beg to support."
}