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{
    "id": 683917,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/683917/?format=api",
    "text_counter": 10,
    "type": "speech",
    "speaker_name": "Hon. H. K. Njuguna",
    "speaker_title": "",
    "speaker": {
        "id": 1508,
        "legal_name": "Humphrey Kimani Njuguna",
        "slug": "humphrey-kimani-njuguna"
    },
    "content": "Thank you, Hon. Speaker. I beg to present the following Petition. I, the undersigned, on behalf of the residents of Juja Constituency, draw the attention of the House to the following:- THAT, Muiri Coffee Estate is located in Juja Constituency, Kiambu County; THAT, Benjoh Amalgamated Limited borrowed a loan from the Kenya Commercial Bank to a tune of Kshs9 million in April 1989; THAT, in April 1989, Muiri Coffee Estate Limited acted as a limited guarantor to Benjoh Amalgamated Limited to a tune of Kshs11.5 million from the Kenya Commercial Bank at all times; THAT, in December 1994, the late Mrs. James Muigai, on behalf of the guarantor, Muiri Coffee Estate Limited, paid Kshs6 million to the Kenya Commercial Bank towards offsetting the loan and the said bank acknowledged receipt of the payment leaving an outstanding balance of Kshs3.4 million; THAT, in July, 1995, Mr. Muigai’s widow, the late Mama Ngina Muigai, made an enquiry to the bank to confirm the outstanding balance owed to Benjoh Amalgamated Limited in order to clear the outstanding balance. Around March 1996, the bank responded indicating that the outstanding balance amounted to Kshs44.3 million; THAT, in 2002, the bank advertised Benjoh Amalgamated Limited properties on public auction. Benjoh Amalgamated Limited moved to court and demanded that the bank produces statement of accounts. However, the bank did not provide the statement of accounts as requested, but instead advertised for auction of Muiri Coffee Estate Limited in June 2007; THAT, despite this advertisement, no auction took place. Nevertheless, two months later, Muiri Coffee Estate Limited was transferred to Bidii Kenya Limited; THAT, at the time of sale, Muiri Coffee Estate Limited was worth well over Kshs70 million while the two properties belonging to Benjoh Amalgamated Limited LR 12411/1 and 12411/2, Nyandarua, were also worth over Kshs70 million; 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."
}