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{
    "id": 645065,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/645065/?format=api",
    "text_counter": 88,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "I want to speak directly to this issue that the Leader of the Majority Party has brought. I want to add that in investigating, the focus should be more on the Central Bank of Kenya (CBK) because it is the institution that has the supervisory role on the financial sector of this country. I do not want to belabour the point of suffering Kenyans or depositors who are likely to lose their hard-earned investments. It worries when an individual, whether he is a director, shareholder or whatever you want to call it, can purport to have borrowed Kshs7.9 billion. That is an amount that is only given to a few counties in this country and would run them in development and recurrent expenditure. An individual who borrows that money and he is not captured through the audit process, it is worrying. We need to start asking fundamental questions on the auditors who are registered in this country to carry out audit jobs. I say this because I heard Hon. Duale say that the National Bank of Kenya (NBK) is audited by the Auditor-General. The NBK is audited by a private auditing firm. Even though the National Social Security Fund (NSSF) has invested a lot in NBK, that does not qualify it as a State corporation or a parastatal."
}