{"id":482216,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/482216/?format=json","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"}