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{
    "id": 319512,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/319512/?format=api",
    "text_counter": 300,
    "type": "speech",
    "speaker_name": "Mr. Langat",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Deputy Speaker, Sir, I think that the hon. Member is coming out too soon. I know exactly what I am discussing and by extension, I am a bit of a professional in this field more than the hon. Member. So, he should listen to me until I build my case. Mr. Deputy Speaker, Sir, I have said that by and large, the Central Bank has done its job. But in this country also, we are aware that we are coming from a system where the President’s word was law and the final authority. But we know where that has taken this country. If we continue in the same way with the Central Bank of Kenya (CBK), I think we might take the CBK where this country was at some point in the 1990s up to 2000 or thereabouts. So, it is good for this House to be very strategic and realize that although the former Governors have done a very good job, it is not always true that all the Governors who will come will do a very good job. Too much power is dangerous and, therefore, there has to be some form of counterchecking. Mr. Deputy Speaker, Sir, we have created institutions before this House. For example, the Director of Intelligence used to be the final authority, but we said: Let us have some board over him, as long as we specify the functions that will be done by the board and those what will be done by the Chief Executive, who in this case, is the Governor of CBK. Even in this House, we have separation of powers. We have the Chairman of the Parliamentary Service Commission and we still have the Clerk of the National Assembly. The powers of the Clerk of the National Assembly have not been interfered with by the creation of the Chairman of the Parliamentary Service Commission. So, I want the hon. Members to realize that there is no problem in creating the position of the Chairman of the Board because there have to be some checks and balances. The powers of the Governor have actually been given by the Constitution. The powers of the Board which are fairly policy matters, will be spelt out. Therefore, it is not really right that we are creating those centres of power. We are only saying: Let us have checks and balances. Mr. Deputy Speaker, Sir, I know that this was a matter which we recommended as a Committee, when we did the Report on the depreciation of the Kenya Shilling. This House approved that Report. I do not know why hon. Members are now turning away from the Report which they approved without amendments. Hon. Duale was in the House and never brought amendments which recommended the creation of the position of Chairman and Board. Mr. Deputy Speaker, Sir, we are having issues, for example, with what we were discussing the other day on De La Rue procurement. If you look at those issues, they are actually giving the CBK Governor a very bad name. We should have a board which deals"
}