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{
    "id": 34175,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/34175/?format=api",
    "text_counter": 457,
    "type": "speech",
    "speaker_name": "Eng. Gumbo",
    "speaker_title": "",
    "speaker": {
        "id": 24,
        "legal_name": "Nicholas Gumbo",
        "slug": "nicholas-gumbo"
    },
    "content": "I, therefore, urge that we have clear structures on how we will utilize this money once it gets to the authority. I will be interested to know and the impetus will be there, if I knew, for example, that Kshs150 billion is with the Unclaimed Assets Authority and Kshs1billion is going to Rarieda, it will give the impetus to follow this matter. We have discussed these issues and I urge my good friend to form a structure, so that there is no vagueness in the way this money will go to social services in the country. Madam Temporary Deputy Speaker, as I conclude, I want to caution the Mover that from what we see in the industry, it is possible that the people who hold these assets will fight back in one way or the other. This is because this is money that is good in their books and they use it to increase their profitability. It is important that he is alive to the fact that some amount of fighting back from the holders of these assets is expected. However, I hope that this House will rise to the challenge and look at the benefits that Kenyans will derive from this important Bill. We should pass the Bill with amendments that will only enrich it. Turning to the Bill, I want my brother and the Mover to look at page 182. In light of the new Constitution, perhaps, the word “Minister” there should now be “Cabinet Secretary”. I have an issue with Clause 21as proposed. It states:- “For the purposes of this Act, the Authority may request a person who the Authority reasonably believes is a holder of assets to provide such information to the Authority as the Authority may require within such time or at such intervals as may be specified in the request.”"
}