Entry Instance

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

{
    "id": 315053,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/315053/?format=api",
    "text_counter": 209,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Madam Temporary Deputy Speaker, I would like to bring Members to speed or highlight where the money is; the billions are still there. They are not lost. It is only that there is no law that can unlock this money. We have actual identified bank accounts in this report. The Deci Capacity Building Entrepreneur had Tujibebee, Tumaini Family Limited, Akiba Micro Finance, Sasanet Investment, Clip Investment Co-operative, King Script Publishers Limited, Kenya Christian Community SACCO, Kenya Business Community SACCO, Kenya Multi-purpose Business Entrepreneurs, Smart Life Strategy Firm, Smart Welfare Strategy Firm, Jitegemea Entrepreneurship SACCO and the African Christian in Development also called ACID. All these can be traced and found. If we pass this Bill, then we are going to have an opportunity to get hold of some of the assets that are still there. I can give the Members just a few of them. In Clip Investment SACCO Limited, the perpetrator called Peter Ndakwe bought plots in Runda worth Kshs200 million. This is on record. With a law with the right provisions, these assets will be recovered. The Kenya Business Community has got land in Embakasi situated near Fedha Estate. The Kenya Multi-purpose Company Limited has got a mineral plant at Athi River called Msafiri Maize Flour, an entertainment joint at Thika Road and a vehicle on loan, which is supposed to be owned by the society members. Sasanet Investment has 30 units of flats at Sunrise Estate here in Nairobi worth Kshs60 million, 11.5 acres of land in Nyari Estate in Nairobi and a deposit of Kshs40 million as a collateral that they used to borrow the money. They also have four flats along Chaka Road, 32 flats in Imara Daima and three flats in South B. these assets are there. The Kenyans who put in the money are suffering and the perpetrators are enjoying from these assets. Let this Parliament rise and pass this law so that we can get hold of these assets. Finally, we have Spell Investments. One of the directors called Boniface Anderson Ngozia had connections with Stanbic Bank. Unfortunately, he died in a road accident and two days prior to his death, he had given instructions to the bank to transfer his money into his account. These assets are there. This Bishop called Sseberekare from Uganda, in an account in the Kakamega Branch of the Kenya Commercial Bank, transferred on the same day US$40,000. On another day, he transferred Kshs2.7 billion. So, if the law is there, we can work through bilaterals with Uganda and recover this money. Because we want to make time for other businesses, allow me to bring Members up to speed on what the taskforce said. The taskforce which was set up made very clear recommendations. These recommendations have never been acted on reason being that some of the players were the high and mighty, who are in the high echelons of power. They have set aside this book and it is now on the shelves, so that nothing is acted on and people continue suffering. There was a recommendation that there be formed a standing committee to preside over this matter. This has never been done by the Government. There was a recommendation that a judicial commission be formed, but the Government has refused to form it. There was a recommendation that a trust fund be set up under the Ministry of Co-operative Development and Marketing to manage the funds and the properties to be recovered. The members of the said fund were expected to include other relevant Government Ministries and agencies and Kenyans of good repute. The Government has not done this. There was a recommendation that the CID moves on to these people. The CID, up to date, has refused to move on to these people who committed economic crimes."
}