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{
    "id": 34187,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/34187/?format=api",
    "text_counter": 469,
    "type": "speech",
    "speaker_name": "Mr. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 210,
        "legal_name": "Moses Masika Wetangula",
        "slug": "moses-wetangula"
    },
    "content": "Thank you, Madam Temporary Deputy Speaker, for giving me an opportunity to make a brief contribution to this Bill. I congratulate the Mover, hon. Lekuton, for such a brilliant idea that as hon. Khalwale says, should have come a long time ago. If you travel to various jurisdictions, you will find that they have legal frameworks that govern unclaimed financial assets that have been turned into phenomenally huge financial reserves for the country. These financial assets are used routinely for social services, infrastructure development and improving the lot of the people. Equally, we know many countries out there that have deliberately omitted to have a legal system to govern unclaimed assets for purposes of enriching themselves. You know many countries in Europe where African dictators have stashed away billions and billions of dollars, gold and other precious stones. They are either overthrown or die and the money is hidden in numbered accounts which only the holder of the account knows. At the end of the day, the money is lost."
}