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{
    "id": 696857,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/696857/?format=api",
    "text_counter": 285,
    "type": "speech",
    "speaker_name": "Hon. Kariuki Ndegwa",
    "speaker_title": "",
    "speaker": {
        "id": 2104,
        "legal_name": "Julius Ndegwa Kariuki",
        "slug": "julius-ndegwa-kariuki"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker. I also concur with my colleagues on the State corporations and institutions Report. They should be under mandatory guidance from the Government. It is necessary they seek authority, search for professionals and follow accounting rules. Some corporations are run as if they are a personal entity. The Government of Kenya should ensure that the property of citizens is protected. I am aware that some of the CEOs get involved in dubious activities to enrich themselves. Most of them delay when it comes to remitting statutory deductions like the NSSF money and others. The reason for this is purely poor management. These corporations end up collapsing with members’ money and it becomes difficult for Kenyans to be paid their dues. I believe these are institutions like any other and require proper and adequate supervision by the Auditor-General and any other body which is entitled to protect Kenyans and their investments. We all know that some corporations have collapsed with a lot of money belonging to ordinary Kenyans. It is unfortunate that they may never recover their money. Right now, there is no clear law to follow the managers of these corporations when they collapse with people’s money. The Government should supervise them. The board members must report to the necessary authorities, for example, the PAC and the PIC."
}