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{
    "id": 245249,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/245249/?format=api",
    "text_counter": 164,
    "type": "speech",
    "speaker_name": "Mr. Maore",
    "speaker_title": "",
    "speaker": {
        "id": 284,
        "legal_name": "Richard Maoka Maore",
        "slug": "maoka-maore"
    },
    "content": "Thank you, Mr. Speaker, Sir, for the opportunity to say a few words about this Financial Statement. Mr. Speaker, Sir, the Financial Statement by the Minister for Finance for this year had several key revolutionary aspects, some of them populist and empty rhetoric and others quite useful to this country. I commend the new requirement in the insurance law. We have had the problem of insurance brokers pocketing money meant for underwriters. As a result, when an accident occurs the victim would realise that the broker had already taken off with the money for good and even invested it. So, I suggest that this change in law comes as soon as possible. Secondly, I want to talk about the Central Bank of Kenya (CBK) Board. The Minister proposed that he would prefer to have a Board which would be separate from the Governor. We have had a discomfort with the Executive before about constitutional offices. I am disappointed that Mr. Nyachae is not in the House now. He was the Chief Secretary when there was a move that removed the security of tenure for the Controller and Auditor-General and the Attorney-General. This tendency by the Executive to have discomfort with checks and balances is untenable. I would like to ask the Minister, and the Government, to be comfortable with an independent, autonomous and strong office of the Governor of the CBK. It is only then that we can have some discipline in the fiscal and monetary affairs of the country. We should have an independent office that regulates the conduct of the Government. If we have a chairman of the Board of Governors in the CBK whom the Governor might be reporting to, we will have already amended very many laws, including the Constitutional provisions on financial matters, through the back door by using a simple budgetary statement by the Minister for Finance. This Government needs to avoid behaving like Artur Margaryan did at the Jomo Kenyatta International Airport. He used the law of the jungle. The Government should obey and respect the law. It should learn to accept it as it is."
}