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{
    "id": 493553,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493553/?format=api",
    "text_counter": 254,
    "type": "speech",
    "speaker_name": "Hon. Nyenze",
    "speaker_title": "",
    "speaker": {
        "id": 1987,
        "legal_name": "Francis Mwanzia Nyenze (Deceased)",
        "slug": "francis-mwanzia-nyenze"
    },
    "content": "I am being reminded that it is in two years to come. Hon. Temporary Deputy Speaker, Kenya stands to benefit if we put our act together. As has been alluded to by another hon. Member, the time when people started financial institutions, collapsed them after getting public resources and were never prosecuted, will come to an end once this Bill is enacted into law. I want to commend the Committee for a job well done. The only amendment that I want us to include is on the penalties. They appear to be very small. The sums of Kshs500,000 or Kshs1 million are too small. That is nothing for the fraudsters. I wish that there are amendments to set punitive penalties so that people will not engage in any kind of financial misappropriation. I was in China for the past one week and I want to share with hon. Members in this House the experience that I got. It is good to listen to this. Financial management is placed at the top of the chart and other things like infrastructure, water resources, harbours and railways follow in that order. China has made tremendous 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."
}