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{
    "id": 54713,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/54713/?format=api",
    "text_counter": 80,
    "type": "speech",
    "speaker_name": "Mr. Nguyai",
    "speaker_title": "The Assistant Minister, Office of Deputy Prime Minister and Ministry of Local Government",
    "speaker": {
        "id": 113,
        "legal_name": "Lewis Nganga Nguyai",
        "slug": "lewis-nguyai"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) I am aware that the Kisumu Municipal Council is in the process of disposing of Anderson and Arina estates in a debt swop arrangement with the statutory debtors. The Council has not been able to service the following outstanding debts:- (i) The National Housing Corporation (NHC) – Kshs525,126,414. (ii) The Local Authorities Pension Fund (LAPTRUST) – Kshs269,984,795. (iii) The Local Authority Provident Fund - Kshs141,342,390. The existence of these debts means that the Municipal Council of Kisumu cannot access the Local Authority Transfer Fund (LATF) for the Financial Year 2010/2011 before these debts are cleared as per the LATF regulations and requirements. (b) The process cannot be halted because the Council has followed all the necessary procedures in regard to the disposal of the assets. Besides, the Cabinet has given approval for the Council to dispose of these estates in a debt swop basis with their creditors. (c) The debts owed to the Local Authorities Provident Fund and the Local Authorities Pension Fund attract high rate of interests and penalties. Failure to clear these debts has crippling effect on the Council. For this reason, the Kisumu Municipal Council needed to find an urgent solution to these debts. In addition, the debts are actually owed to the workers of the Local Authorities who are the sponsors of the Pension Fund and as such the property remains in public hands."
}