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"id": 64211,
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"type": "speech",
"speaker_name": "Mr. Ogindo",
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"speaker": {
"id": 120,
"legal_name": "Martin Otieno Ogindo",
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"content": "Madam Temporary Deputy Speaker, I beg to move the following Motion. THAT, in accordance with the provisions of Article 211(2) of the Constitution, this House resolves that the Deputy Prime Minister and Minister for Finance presents to the Budget Committee of the House within seven days of this resolution, information concerning the loans and debts owed by the Republic of Kenya as at 31st December, 2010 in respect of :- (a) loans to Ken-Ren Chemicals and Fertilizers Company Ltd; (b) external commercial debts on Security Related projects as reflected in the 2008/2009 Annual Public Debt Report published by the Ministry of Finance, and further that the Deputy Prime Minister and Minister for Finance should include all information as enumerated in Article 211(2) necessary to show :- i. the extent of the total indebtedness by way of principal and accumulated interest; ii. the use made or to be made of the proceeds of the loan; iii. the provision made for servicing or repayment of the loan; iv. the progress made in the repayment of the loan; v. names of the creditors and the beneficial owners; vi. circumstances that led to the cancellation of contracts on security related projects in 2004/2005, while giving details of the party/parties that refunded Kshs1,050,702,075.25; vii. circumstances that led to the suspension of the repayment of the external commercial debts on security related projects; viii. the concrete steps taken to recover payments made on security related projects, where no commensurate value has been received in return; ix. steps taken to pay off contracts on security related projects that have been validated and; x. action taken against any culpable or negligent officer(s) in regard to acts of omission or commission with respect to (vi) above."
}