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{
    "id": 316644,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/316644/?format=api",
    "text_counter": 375,
    "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 Committee’s report. The Committee did a lot of work in arriving at the conclusions that were arrived at. It is a pity that it is being rubbished at such an early moment without sufficient grounds. The crux of the matter is that money was lost. A Government policy that promotes loss of public funds must be a policy which should be challenged anytime. The Government is the people. You cannot hold the Government as a sacred cow that makes wrong decisions and then hold on to it that it has the right to lose money from the taxpayer. The loss of funds was occasioned by the following reasons:- That there was a tender issued and approved on 4th May, 2006. This tender involved several bidders. It was awarded to the De La Rue Branch in Malta. Malta is part of the European Union (EU). The salaries in Malta are much higher than the salaries in Kenya, so is the cost of living. The presumption then would be that the prices in Malta would be higher than the prices in Ruaraka. The Ruaraka Branch was unable to quote mainly because it did not have the capacity to produce the new generation notes which had been proposed. It could not produce that because it has old outdated machinery. Some of them are more than 20 years old. That is the machinery that the Government proposes to buy. In view of the fact that the land belongs to the Central Bank of Kenya (CBK) already, it really adds no value. This is because amortized for 20 years, that machinery would be worth nothing"
}