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{
    "id": 701002,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/701002/?format=api",
    "text_counter": 137,
    "type": "speech",
    "speaker_name": "Hon. Bunyasi",
    "speaker_title": "",
    "speaker": {
        "id": 2511,
        "legal_name": "John Sakwa Bunyasi",
        "slug": "john-sakwa-bunyasi"
    },
    "content": "Thank you, Hon. Deputy Speaker. From the outset, I would like to declare that I am a Member of the Departmental Committee on Finance, Planning and Trade except that when this was being done on Friday, I was not present. Therefore, I have to air my views here as it is. Kenya has been very lucky to get one of the most highly qualified Central Bank governors globally. I am sure he holds his own ground and is an envy of many others when he interacts and meets with them. Secondly, almost by default, we were lucky to have vetted and approved him because he has the right values. He is not a material person. He is a very intellectual person with a strong spiritual founding. Today, we are talking about members of his Board and not him. However, there he is. I am just outlining something about him and it is pretty close to what he is. He needs a team that will add to what he is doing. He needs a team that will agree or disagree with him on a founded basis. With regard to the mainstay of the work of the CBK, it does an array of things. They look at the tax returns of banks, entities and they have technical staff to do that. However, the main focus at the policy level, as was alluded to by some earlier speakers, is principally monetary and financial policy. We have to provide the Governor with people at the board level who will lock up their doors and come out with an informed policy stance. We need people who will lock the doors and provide synergy to what the CBK Governor can do. In my view, we have an inherent weakness in the definition of “vetting”. It seems like we must approve everybody that comes on the vetting list. If I would have been present, I would have aired this in my Committee. I feel that among the five nominees, number one and two, Mr. Raparel and Ms. Nelius Kariuki, respectively, have qualifications that have something to do with this. As they sit on the board, I am sure they will pick up quickly. The others are very strong individuals, but their strength is mainly for the Kenya Revenue Authority (KRA) or other institutions, but not for the CBK. What I am saying has nothing to do with regions or ethnicity. I do not want to cheapen my argument on that basis. The first priority 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."
}