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{
    "id": 482216,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482216/?format=api",
    "text_counter": 16,
    "type": "speech",
    "speaker_name": "Hon. Iringo",
    "speaker_title": "",
    "speaker": {
        "id": 1574,
        "legal_name": "Cyprian Kubai Iringo",
        "slug": "cyprian-kubai-iringo"
    },
    "content": "Yes, hon. Deputy Speaker. Thank you for this opportunity. I support my colleague’s Petition strongly because managements of most of our co-operative societies do not really work for the development of societies; they end up being the people who mismanage the same and you get most co-operative societies being liquidated. Hon. Deputy Speaker, I was in the co-operative movement for 15 years and I know what has been happening. Most of the societies which go under do so because of mismanagement. Therefore it is important that we remove this liquidator; most liquidators sell assets of co-operatives at very low, or throwaway, prices. They even collude with the buyers and shareholders and co-operatives are left without anything and there is no security for depositors"
}