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{
    "id": 675581,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/675581/?format=api",
    "text_counter": 104,
    "type": "speech",
    "speaker_name": "Hon. Gaichuhie",
    "speaker_title": "",
    "speaker": {
        "id": 17,
        "legal_name": "Nelson Ributhi Gaichuhie",
        "slug": "nelson-gaichuhie"
    },
    "content": "the strict statutory timelines required of Parliament to consider those estimates, the Departmental Committee on Finance, Planning and Trade was called upon to consider estimates of the following ministries, departments and agencies (MDAs):- (a) The National Treasury; (b) The Ministry of Devolution and Planning; (c) The Ministry of Tourism; (d) The Ministry of Industrialization and Enterprise Development; (e) The Controller of Budget; (f) The Commission on Revenue Allocation (CRA); and (g) The Salaries and Remuneration Commission (SRC). We were also tasked with vetting nominees to the Privatisation Commission and the Competition Authority. Following the submission of the nominees for their appointment as members of Privatisation Commission and Competition Authority of Kenya and your Communication on the same on 14th June, 2016, the Committee vetted the nominees as per the strict timelines under the Public Appointments (Parliamentary Approval) Act, 2011 and tabled its two reports on 28th June, 2016. The two reports have been debated and adopted by this House. To enable us conclude this exercise, the Committee wishes to seek for an extension of 50 days from today so that we can engage the remaining bodies and entities and, therefore, compile its report. The entities of concern include but not limited to:- (1) The current Governor of CBK to provide an update of the forensic audit that was being done on the troubled banks; (2) The former Governor of CBK to provide insight on whether the findings of the previous banking supervision reports had a bearing on the collapse of the three banks; (3) The CMA and its exact role in bonds issues approval process since before the collapse of Imperial Bank, the Bank had already issued a bond of Kshs2 billion; (4) The KDIC for update on the receivership status of the three banks; and also and not limited to any other entity we may require to look at. Finally, I want to take this opportunity to wish my Muslim brothers, a happy Idd-Ul-Fitr."
}