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{
    "id": 327100,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327100/?format=api",
    "text_counter": 838,
    "type": "speech",
    "speaker_name": "Mr. Abdikadir",
    "speaker_title": "",
    "speaker": {
        "id": 1,
        "legal_name": "Abdikadir Hussein Mohamed",
        "slug": "abdikadir-mohammed"
    },
    "content": "Mr. Temporary Deputy Chairman, Sir, I get what the Chairman is saying. Some of these institutions have been under statutory management from 1984 up to now. There is a moral hazard where statutory managers want to keep themselves in business. I understand that perfectly well. I do not, however, agree with 3(b). This is a commercial transaction and, therefore, making it a criminal offence will make it very difficult for even statutory managers to be appointed in the first place. So, I agree with the first issue which is that let us have a time limit within which statutory issues must be sorted out. However, creating a criminal offence is not acceptable, because this is a commercial transaction. So if the idea is to move this commercial business in two years, we have already said, “A manager appointed shall not serve”. That will be the law if we pass it. And then we say, “The CBK shall not place an institution---” That is also the law. The CBK and the manager doing this will be outside the law, and will then create a crime in a commercial transaction, which is not usually the case"
}