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{
    "id": 29980,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/29980/?format=api",
    "text_counter": 729,
    "type": "speech",
    "speaker_name": "Prof. Anyang’-Nyong’o",
    "speaker_title": "The Minister for Medical Services",
    "speaker": {
        "id": 193,
        "legal_name": "Peter Anyang' Nyong'o",
        "slug": "peter-nyongo"
    },
    "content": "Madam Temporary Deputy Speaker, the other thing I would like to say is that in law there is something called administration of estates. Many of our people pass on and because in our culture and tradition people are not so much aware of the law, the administration of many estates is not done properly in this country. Therefore, the offspring and children end up not really inheriting the estates of their parents, particularly shares in companies. I just discovered the other day that my late father had some shares in Brooke Bond. However, because the administration of estates took very long, we never factored those shares in the information that we gave to the administrator of the estate. So, it will require another process to recover this. Fortunately, they give annual reports and send the annual reports to the company. At least, we have documents showing that the estate is there. But much more important is the unclaimed saving and current accounts of so many who pass on without being known in banks. Once banks are compelled to publish these matters, then we can have reports that can be inspected in a place like Parliament for people to know exactly where such assets are. They can know whether they are being used in the public dormain or the kind of authority that is being talked about. This will help in capital formation of the nation."
}