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{
    "id": 685134,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/685134/?format=api",
    "text_counter": 1227,
    "type": "speech",
    "speaker_name": "Hon. (Dr.) Nyikal",
    "speaker_title": "",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "otherwise, raised issues and nothing happened. In those circumstances, how can we ignore the role of the Board? Where was the Board in all this? How can the Board not be aware that there was only one person acting as the signatory? How can the Board not be aware that officers were being terrorised and terminated? How can the Board not be aware that Treasury directions and presidential circulars were all being violated? In this case, the Board also stands to answer questions. You even wonder how is it that a person of that nature was appointed and the Board was not aware. The Report says that there was no policy. Can a whole fund be set up and not be backed up by a policy and yet the Board exists? This brings us to the question of the role of our boards in management. We tend to look at boards as places of privileges and, where we are appointed, as rewards for our political allegiance and this is what happened. If you look at this Report, Kshs180 million was lost but, worse still, where this money was lost to is known. Those people took the money to the bank and distributed it among themselves, including bank officials. This is a scenario of perfect collusion where everybody who was given the responsibility to look after our resources, turned around to loot. In my view, this Report must be appropriately implemented. The Report notes that His Excellency the President moved quickly to remove Mr. Odhiambo. If it takes a presidential action to remove an officer, where was the Board? If the President is concerned enough to order the removal of Mr. Odhiambo, where were the systems that ensure that all other issues related to that were addressed? Yesterday, we discussed that there seems to be some gap in the structure of Government at a very high level. It was noted here that the position of the Secretary to the Cabinet is still is vacant or, at least, no one has been vetted here for that position. I expected that, by the time the President was taking action, he must have written some circular. The same circular should have prompted all the other appropriate arms of Government to act. Mr. Odhiambo, Ms. Namuye, Mr. Ngamau, the Board Members and officials of Chase Bank should not be on the streets. They should be in prison. The Committee recommends that they should be investigated and prosecuted. The information in this Report is adequate. We should expect that, as soon as it is passed here, we shall see people in courts, in handcuffs and sooner or later, in jails. We cannot do this to our youth. We cannot make corruption our way of life. What are we telling our youth when people involved in corruption are walking around in big cars? Action must be taken on those people. The structures and management of the Youth Enterprise Development Fund (YEDF) must be streamlined so that the youth can get their monies. This morning, there was a launch of the renewed Fund and the strategies it intends to implement. The people mentioned in this Report and the Board should take responsibility for their negligence and impunity on the funds for our youth."
}