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{
    "id": 34197,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/34197/?format=api",
    "text_counter": 479,
    "type": "speech",
    "speaker_name": "Mr. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 210,
        "legal_name": "Moses Masika Wetangula",
        "slug": "moses-wetangula"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, indeed, the Member for Ikolomani misrepresented the contents of the Bill and mistook “assets” to mean and include land. They do not include land. Mr. Temporary Deputy Speaker, Sir, the Bill needs to be strengthened. I think the drafter and his advisors need to give a clarification and a definition on how the state can use the finances coming out of these unclaimed assets. If we leave it grey, there will always the temptation to abuse or misapply those funds. There is always the temptation to use funds for unintended purposes, especially when there is not enough money in the country, and you have money lying idle somewhere. It is good to state very clearly that such money can be invested in state bonds, especially infrastructure bonds like bonds for road construction, which we are all crying for. Such assets, once liquidated into cash, can build a super highway from Mombasa to Malaba and Busia, and suddenly result in the growth of the economy of this country to some phenomenal level. Such funds can be used to build the ports we are talking about."
}