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{
    "id": 332329,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/332329/?format=api",
    "text_counter": 228,
    "type": "speech",
    "speaker_name": "Mr. Mwau",
    "speaker_title": "",
    "speaker": {
        "id": 105,
        "legal_name": "John Harun Mwau",
        "slug": "harun-mwau"
    },
    "content": "Thank you, Mr. Speaker, Sir. I am very obliged for the opportunity. I will be very brief. The Minister has quoted a provision of Section 32 of the Act. The Minister is a lawyer and the Governor of Central Bank of Kenya (CBK) is actually a professor and he has a fully-fledged Legal Department. A violation is an offence. The Minister and the Governor of CBK have never had the opportunity of reading Section 49 of the Banking Act which states:- “Penalties for offences. Where any institution or other person contravenes any of the provisions of this Act, if it is a body corporate, it shall be guilty of an offence and be liable for a fine not exceeding Kshs100,000.” Mr. Speaker, Sir, the violation constitutes an offence and an offence is then subject to a penalty. It cannot then be confidential. It is a matter of public interest. Secondly, Section 32 which the Minister has read, clearly states that this is for the person who inspects a bank. But on the final word of the person inspecting the bank it says that in the opinion of the person making the inspection, will create a remedial measure or further investigation. So, it has nothing to do with failure to disclose the information. Thank you very much, Mr. Speaker, Sir."
}