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"content": "Mr. Speaker, Sir. Even though the Minister has quoted Article 231(3), Article 231(2) and (5) give this House powers to legislate. Before legislation is brought to repeal the former Act, the CBK Act is in place. Is it in order for the Minister to claim that there is nothing he can do, yet the Banking Act says under Section 5(9) that: “An aggrieved party may appeal to the Minister on a decision of the CBK to refuse to renew a license under sub-section (6) or (7),” and it goes on. On 10th January, 2007 this Charterhouse Bank appealed to the Minister; why can the Minister not use powers conferred upon him by the Act since it has not been repealed by any other Act? Is it in order for the Minister to purport to tell this House that he has no powers, yet the statutes give him the power and they are not in conflict with the Constitution? The Constitution under Article 231(2) and (5) envisages legislation, but in this case you have to go by the Central Bank of Kenya Act."
}