{"id":332316,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/332316/?format=json","text_counter":215,"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 confirm that a number of remedial measures for violations of Sections 10, 11, 30 and 50 of the Banking Act, CBK Prudential Guidelines/ Regulations are employed and among them is closure of a bank or cancellation of a banking licence. (b) I further wish to confirm that we have had violations of the said sections of the Act and of the CBK Guidelines/ Regulations by commercial banks over the stated period. However, I am unable to divulge specific details in respect of any particular institution as the information is privileged and protected under Section 32 of the Banking Act; any disclosure of this information to third parties is not permitted by law, as per Section 32 of the Banking Act."}