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{
"id": 644591,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/644591/?format=api",
"text_counter": 159,
"type": "speech",
"speaker_name": "Hon. Midiwo",
"speaker_title": "",
"speaker": {
"id": 184,
"legal_name": "Washington Jakoyo Midiwo",
"slug": "jakoyo-midiwo"
},
"content": "I am in possession of documents of a friend who borrowed Kshs52 million the other year, to put up a set of apartments in Kileleshwa. He did the apartments and he has paid over Kshs100 million. He still owes Kshs300 million. This House has passed the in duplum rule. It stipulates that you cannot pay more than 100 per cent of the principal. So, if you borrow Kshs52 million, you can only pay Kshs104 million maximum. But you pay over that and you still owe a bank Kshs300 million and they are threatening to auction you! It is against the law. What is the role of the inspectorate at CBK?"
}