Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 263017,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/263017/?format=api",
    "text_counter": 351,
    "type": "speech",
    "speaker_name": "Mr. Shakeel",
    "speaker_title": "",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": "Thank you, Madam Temporary Deputy Speaker. I have the honour of seconding this Motion brought forward by Mr. Namwamba. The KCC and KFA are our national assets. They are the heritage of Kenya. They are what Kenya was built on even before we got Independence. There was a time when the KFA and the KCC were economic giants. They ran the agricultural economy with great efficiency. The KCC is a word known all over this world for the quality of its butter, milk and milk products. Even now on its deathbed, it was still producing some of the best milk we have ever had. The history has been given by the hon. Mover, so I will not go back to it. The KCC by its name implies the Kenya Co-operative Creameries, not any private organization and nor should it be. We do not want it to go into the negative implications of privatization over co- operatives. People come from all over the world and all the developing countries to come and see our model cooperatives. People come from Philippines and all over Africa including South Africa and yet we kill our own. The Cooperative Bank is one such venture that they have seen. The Kenya Cooperative Creameries (KCC) must not be allowed to die or be grabbed like it has. The original shareholders have pre-emptive rights come what may. However, the assets were grabbed during the time of asset-striping campaign. Madam Temporary Deputy Speaker, we have seen other property that was grabbed which have been returned to the Kenyan public. We demand that the Kshs400 million that was paid by the Government to these grabbers is Kenyan money and it must be given back. The preemptive rights of the old shareholders must be there. The way KCC was destroyed by butchers using the Insolvency Act and receivership was all illegal. When you look at it, you will find illegality not only in the way it was done but the form and the sort of votes that were taken. So, we want not only an audit--- I am an accountant and I do not understand why I forgot that word. We want an intensive audit to go backwards to see what happened. We want a postmortem of KCC. Did it die or was it killed? If it was killed who was in charge? Before the floatation of new shares this must be looked at. I support the seven-member committee but I would, with humility and respect, try and suggest that the membership be; two from the cooperative movement, two from KFA, two from KCC and one from the Institute of Chartered Accountants. It can also have somebody from the Nairobi Stock Exchange (NSE). It is a responsibility of any Managing Director or the Financial Executive and we want to know when KCC was killed or strangulated and who was in charge of that process. We want to be able to sue that person under the fiduciary responsibility that he allowed an organization which he was a chief executive to be killed. Madam Temporary Deputy Speaker, in law, I am told that you cannot go to court and demand justice if your own hands are not clean. Therefore, we are demanding that whoever the new KCC claims to be, they cannot come and ask for privatization without going backward unless, of course, they work hand in gloves with the butchers who butchered KCC. When I look around here, even Dr. Wekesa, we all had KCC milk in school at very subsidized rates. The assets of the people must go back to the people. I see the Minister is here and I am sure Mr. Kosgey also knows the importance of farmers and cooperatives. A cooperative is the ultimate form of democracy. It is the ultimate form of people who are responsible for the delivery to be allowed to market their products. We have gone through the past where other people have marketed products, be it coffee, tea or whatever. I, therefore, strongly second this Motion. I request the House to demand for the NSE and other institutions who are in the process of privatizing New KCC to stop that effort immediately until we find out what the real rights of the original shareholders are, the way they lost those rights and where the Kshs5 billion of assets has gone. With those remarks, I beg to second."
}