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{
    "id": 645081,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/645081/?format=api",
    "text_counter": 104,
    "type": "speech",
    "speaker_name": "Hon. Abongotum",
    "speaker_title": "",
    "speaker": {
        "id": 165,
        "legal_name": "Asman Abongutum Kamama",
        "slug": "asman-kamama"
    },
    "content": "Hon. Speaker, I fully support the sentiments of the Hon. Leader of the Majority Party. I request the Departmental Committee on Finance, Planning and Trade to expedite this. The period should be reduced to 21 days as opposed to 45 days. This is a financial tragedy in this country as 1,400 workers are going to lose their jobs. We are talking of a bank with an asset base of Kshs103 billion and so, the magnitude is that great. We want the Departmental Committee on Finance, Planning and Trade to move in and take action as a matter of priority. When President Obama took over in the USA, there was a problem in the mortgage, banking and automobile industries. They managed to salvage the situation by getting some special package for those institutions. So, the Committee should ensure that, at least, there is a package to cushion those banks from collapsing or getting money so that they can continue running. We have lost many financial institutions right from Delphis Bank, Rural Urban Bank, the Dubai Bank Kenya Limited and Chase Bank. So, it should be taken seriously. We are being told that the CBK Board has not sat for some time because they have no directors. The Hon. Leader of the Majority Party should remind the appointing authority to ensure that those directors are appointed so that they can sit and address that problem. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}