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{
"id": 326393,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/326393/?format=api",
"text_counter": 131,
"type": "speech",
"speaker_name": "Mr. Githae",
"speaker_title": "The Minister for Finance",
"speaker": {
"id": 159,
"legal_name": "Robinson Njeru Githae",
"slug": "robinson-githae"
},
"content": " Mr. Speaker, Sir, I beg to reply. (a) I am aware that the late Boniface Kamau, ID No.5540480 and Account Number 007280, had deposited Kshs955,242.65 with Kenya Finance Bank. However, it is not true that he lost all his money after the bank collapsed. (b) After liquidation of the bank, Mr. Boniface Kamau filed a claim for payment vide Claim Form No.29470 and was paid the protected deposit of Kshs100,000, together with the first and second evidence of Kshs90,262.45 and Kshs16.3899.90 respectively. He was, therefore, paid a total of Kshs206,662.25. Two cheques for the third and fourth dividends of Kshs73,771.75 and Kshs50,000 totaling Kshs123,771.75 were prepared and issued but they were never collected. (c) Part of my response has shown that the money realized from the liquidation process has been paid. The balance of the claim will be paid once the administrators of the estate of the late Boniface Kamau apply to the liquidator with confirmed grant of letters of administration as proof of their entitlement. The liquidator will facilitate payment subject to the financial position of the institution at that time."
}