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{
    "id": 603999,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/603999/?format=api",
    "text_counter": 74,
    "type": "speech",
    "speaker_name": "Sen. Kagwe",
    "speaker_title": "",
    "speaker": {
        "id": 229,
        "legal_name": "Mutahi Kagwe",
        "slug": "mutahi-kagwe"
    },
    "content": "Mr. Speaker, Sir, I just want to inform my colleague that as much as we have got the deposits protection team, it is a question of the merit. He should know the amount of money that is actually given to an individual when a bank collapses. The directors of the bank said that 86 per cent of their depositors are people with money below Kshs1 million. They indicated that upon opening of the bank, they would pay everybody with amounts Kshs1 million and less on the spot on the day the bank reopens. The deposits protection team does not pay up to Kshs1 million. In fact, the amount of money you can expect to be paid if a bank collapses is Kshs100,000. Therefore, it is crucial that it does not---"
}