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{
    "id": 676356,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/676356/?format=api",
    "text_counter": 139,
    "type": "speech",
    "speaker_name": "Hon. Wandayi",
    "speaker_title": "",
    "speaker": {
        "id": 2960,
        "legal_name": "James Opiyo Wandayi",
        "slug": "james-opiyo-wandayi"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker, for giving me this opportunity. At the outset, I want to support the Bill as proposed by my good friend, Hon. Jude Njomo. It is common knowledge that the banking sector in this country has run amok. In fact, you could say it has become a law unto itself. This Bill is very timely. In fact, it is one way of reining in those banks. What I have seen happening is that over time, the relationship between banks and customers has been that of a master and slaves. That is not sustainable. Banks have continued to rake in obscene profits which they do not plough back to the economy. Nobody knows where they take the profits. This Bill needs to be supported. I want to echo the sentiments of my Chairman, Hon. John Mbadi. Until this Bill is assented to by the President, we cannot say it is a done deal. We want to appeal to the President. We know that it is his duty under the Constitution to assent or not to assent to Bills. But on this particular matter, it is incumbent upon the President to agree with this House because there is no other way out. It is important that we put measures to curtail the behaviour of the banking sector that has continued to create confusion in the economy of this country. Thank you, Hon. Temporary Deputy Speaker, for now."
}