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{
    "id": 315077,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/315077/?format=api",
    "text_counter": 233,
    "type": "speech",
    "speaker_name": "Mr. Onyancha",
    "speaker_title": "",
    "speaker": {
        "id": 126,
        "legal_name": "Charles Onyancha",
        "slug": "charles-onyancha"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, I rise to support this Bill and thank Dr. Khalwale for introducing it in Parliament today. The issue about pyramid schemes is an embarrasing one. It has impoverished our people mainly because of the laxity of the Government specifically the Ministry of Finance and the Central Bank of Kenya (CBK). The CBK is the regulator that licenses deposit takers. As we all know, these pyramid schemes were operating in broad daylight, taking people’s deposits and the Government just looked aside and slept. The victims of these schemes are languishing in poverty and we must have a way to compensate them through Government funding. As we speak now, other than the old Deci these schemes are still"
}