{"id":645090,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/645090/?format=json","text_counter":113,"type":"speech","speaker_name":"Hon. Ogolla","speaker_title":"","speaker":{"id":1264,"legal_name":"Gideon Ochanda Ogolla","slug":"gideon-ochanda-ogolla"},"content":"Thank you, Hon. Speaker. This country is shutting down with regard to the many things that are happening around. We must not allow the kinds of things that we are seeing in the financial sector, particularly in the banking sector, to continue. Which other institutions can you trust if you cannot trust banks? You cannot trust anybody wherever you are, whether you are on the streets or in a school or colleges or any other environment in this country. This country is shutting down. A lot of soul-searching needs to be done. This is happening when we have a very clear policy on job creation in this country. We want to create as many jobs as we can, but it appears that this policy is not a wholesome approach in the sense that some Government departments are not looking at it that way. As some departments struggle to create jobs, many other people struggle to reduce those jobs. On the crisis that we have in this country today, particularly regarding bank depositors and employees, something drastic needs to happen, particularly in terms of the law or within the CBK regulatory framework. There should be a way of ensuring that when such things happen, small depositors get quick remedies. Regarding the current crisis, many depositors are contemplating committing suicide. Some of them are not able to move. In my view, small depositors need some kind of protection. There is need for a mechanism of remedying them very quickly when we find ourselves in this kind of situation as a country. These are indicators that in real sense, we are going down as a country. I support the Leader of the Majority Party. The proposal needs to be fast-tracked by this Parliament."}