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{
    "id": 316219,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/316219/?format=api",
    "text_counter": 491,
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    "speaker_name": "",
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    "speaker": null,
    "content": "Mr. Temporary Deputy Speaker, Sir, it is this defiance, it is this impunity by Prof. Ndung’u who repeatedly resisted expert advise that he should not continue with the interim orders that forces this Committee to find that he lacked the persuasion, chemistry and will to protect public good. It is because of this failure to protect public good and that he was the operational man because hon. Kimunya was not the operational man--- We found as a Committee that we must leave the two public officers to be enjoined at the hip like siamese twins, so that; “go one, follow the next one. Remain one, remain the next one”. So, this House has to make up its mind. These Siamese twins, if you separate them through any amendment, it will mean one of them will die because they share even vital organs. Mr. Temporary Deputy Speaker, Sir, allow me to bring to the attention of the House the role of Prof. Njuguna Ndung’u. Since October, 2006, when the printing of bank notes was awarded, CBK had procured from De La Rue Company four interim orders of current generation bank notes totalling, Kshs1.4 billion at a cost of Kshs5.5 billion. Had the cancelled contract proceeded, we would have printed more currency, that is, against 1.4 billion which was printed, we would have printed 1.7 billion, but at a lesser cost of Kshs3.7 billion. When you subtract, the price differential is Kshs1.8 billion. It is that Kshs1.8 billion that we found as a loss. The Committee is, therefore, satisfied that the taxpayer lost Kshs1.83 billion being the price differential between the interim orders and the cancelled contract. It faults the cancellation of the contract for printing the 1.7 billion pieces of bank notes. The Committee is also satisfied that De La Rue was over charging the CBK on the interim orders. Prof. Ndung’u was the operational man and as a Professor who is well read, he knew that he is not under the direction of anybody. So, the fact that he allowed himself to be directed by hon. Amos Kimunya, it can only force the Committee to conclude that there was connivance between these two senior public officers, so that the spoils of the deal could be shared between them. Mr. Temporary Deputy Speaker, Sir, I have talked about the loss of Kshs1.8 billion. It is important---"
}