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{
    "id": 389488,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/389488/?format=api",
    "text_counter": 161,
    "type": "speech",
    "speaker_name": "Hon. Njagagua",
    "speaker_title": "",
    "speaker": {
        "id": 2336,
        "legal_name": "Charles Muriuki Njagagua",
        "slug": "charles-muriuki-njagagua"
    },
    "content": "Thank you hon. Speaker, Sir, for giving me this chance to contribute to this timely Bill. We all know that in the late 1990s, a lot of our banks were going under because of financial mismanagement and what an investor could only get from those banks was, out of Kshs100,000 you could get Kshs1000. So, I want to support this Bill because it guarantees a depositor his money. That once you deposit your money in the bank, when that bank collapses, you will be paid your money and the entire savings. We must also thank the current management of Central Bank of Kenya because I do not think there is any single institution that has gone under during their watch. So, we must at the same time put notice to the managers of these banks that, it is prudent management of the finances which is going to safeguard Kenyans’ money. So, I stand to support this Bill."
}