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{
    "id": 411980,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/411980/?format=api",
    "text_counter": 180,
    "type": "speech",
    "speaker_name": "Hon. Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "You know hon. Members, before I do this, and I want to bring this to your attention because I will be doing a communication on this matter tomorrow, I think it is important that everybody appraises themselves about the various functions and roles, as stipulated in the Standing Orders. We are dealing with issues to do with parastatals, investments, procurements, financial propriety, and effectiveness of decisions on investments. It is important that we get a bit clearer. We should look at the specific mandate of the Public Investments Committee in Standing Order No 206 (6). Its functions shall be, to examine the reports and accounts of public investments. Two, examine reports, if any, of the Auditor-General on the public investments. There is a difference. So, it means the Public Investments Committee can investigate and examine issues to do with other reports, not just reports of the Auditor-General. More importantly, the Committee shall examine in the context of the autonomy and efficiency of the public investments, whether the affairs of the public investments are being managed in accordance with sound financial or business principles and prudent commercial practices. I, therefore, think a clear reading of that should not leave anybody with cobwebs. The issue here which I think hon. Ole Lemein is asking is to do with prudence of the commercial decisions that may have been undertaken or made by public entity. It is very clear. I, therefore, will agree with the Leader of Majority Party that Public Investments Committee should actually examine this matter. Call for all the reports if any, not just reports of the Auditor General, any reports available, so that you satisfy yourself as to the prudence, soundness or the financial decisions that are tendered to the decision revolving around this particular venture. And therefore, Public Investments Committee is hereby directed to take up the Statement request, investigate and examine any reports surrounding those decisions that have been made and report back to the House within the shortest time possible. Hon. Keynan, I can see you are itching to say something."
}