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{
    "id": 669909,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/669909/?format=api",
    "text_counter": 93,
    "type": "speech",
    "speaker_name": "Hon. Chanzu",
    "speaker_title": "",
    "speaker": {
        "id": 11,
        "legal_name": "Yusuf Kifuma Chanzu",
        "slug": "yusuf-chanzu"
    },
    "content": "Sorry. I am making a Personal Statement in accordance with Standing Order No. 84. It is a matter that appeared in the print media yesterday. It caused a lot of anxiety and mixed reactions. So, I want to put the record straight. In 2007, I signed a guarantee for a construction company called “Capital Construction Company” with Equity Bank Limited. One-and-a-half years later, the bank demanded from me payment of Kshs604.8 million. I had to go to court to protect myself against the alarming escalation of the guarantee from Kshs19 million to Kshs604.8 million in a period of one-and-a-half years. I came to learn later on that the contractor had defaulted and absconded. When we went to court, the bank demanded from me Kshs45 million without explaining how the figure was arrived at. That has been the point of contention. Therefore, all this time we have been battling in court to have fairness. I am at the moment in the process of negotiating with the bank on how the matter can be resolved amicably. This is because it has caused a lot of anxiety even to my colleagues here. When they met me yesterday, all of them were asking me what was happening. So, I thought it is better, instead of explaining on individual basis, I make this clear to all. It has become political to my opponents. This is a personal matter if you compare it with the amount of money that some are squandering in county governments. I thought it is better to clarify."
}