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{
    "id": 269614,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/269614/?format=api",
    "text_counter": 425,
    "type": "speech",
    "speaker_name": "Mr. Shakeel",
    "speaker_title": "",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": "Mr. Deputy Speaker, Sir, I think the basic thing is that Kenyans will inherit these losses. I know this will come in very few months. I am afraid to say the Kenya Bankers Association has exhibited monopolistic tendencies. So, we cannot depend on them anymore. There was a time when a banker’s word was his bond. It is no longer the case. The bankers’ words are not yet their bond. This report has shown very clearly that at least the Governor of Central Bank was ineffective. We are not saying that he is a corrupt person or he stole. But at the very least, he was ineffective. Whether it was a result of lack of back up, he must take the responsibility because the buck stops with him. I am sorry for him because he did not have a deputy Governor for two years. What was the Ministry doing when the Governor did not have a deputy Governor? He did not have an effective deputy Governor who could have looked after the monetary policies. Yes, he was sick, but he could have had an Acting deputy Governor. We could have had an effective acting deputy Governor. We could not bring down the Government because the man was sick. I am very sorry for him because he passed away. I really console his family. However, you cannot bring down the country. As we all know, nobody is irreplaceable. If a man is sick, give him the benefit of doubt; bring in an acting deputy Governor. So, I do not blame the Governor. I do think, perhaps, he had too much. But in effect, he is still ineffective."
}