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{
    "id": 394218,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/394218/?format=api",
    "text_counter": 305,
    "type": "speech",
    "speaker_name": "Hon. J.O. Omondi",
    "speaker_title": "",
    "speaker": {
        "id": 1406,
        "legal_name": "John Ogutu Omondi",
        "slug": "john-ogutu-omondi"
    },
    "content": "Hon. Temporary Deputy Speaker, Sir, I also stand to congratulate the Committee on Finance, Planning and Trade for a job well done. One of the falsehoods that we hear in this country is that when you put your money in a bank, it is never safe. This is informed by the fact that many people are not aware of the functions of the current Deposit Protection Board. The amendments which have been brought in this new institution include partly that the Insurance Corporation will bring financial literacy by educating people that once you put your money in a bank, it is not lost. If we do not encouarge our people to put their money in the banks, we are not going to have investment funds. So, this is a good job that has been done. I would encourage the newly formed institution to carry on the work and educate people that when you put your money in a bank, it is not lost. Keep on putting money in the bank to a The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}