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{
    "id": 71941,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/71941/?format=api",
    "text_counter": 417,
    "type": "speech",
    "speaker_name": "Mr. Okemo",
    "speaker_title": "",
    "speaker": {
        "id": 198,
        "legal_name": "Chrysanthus Barnabas Okemo",
        "slug": "chrysanthus-okemo"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, therefore, the fact that allegations are being made about customers of the bank, that cannot make a bank be closed. Indeed, there is no law in the land which provides for a bank being closed based on those allegations. Having found evidence that does not hold on those allegations, our Committee has recommended that we go ahead and restructure the bank on the following terms and conditions which have already been agreed between the CBK and the Charterhouse Bank Limited. As I talk now, there is an executed restricting agreement which has already been signed voluntarily between the two parties. The agreement is dated 31st August, 2009. The question is; since 31st August 2009 to date, what happened? We are talking of more than a year. A contract has been executed and yet no action has been taken. There is no evidence of any action or any kind of step forward to ensure that the bank is reopened to carry out normal banking services. Mr. Temporary Deputy Speaker, Sir, it is, therefore, our recommendation that in order to give a bit of courage and a bit of force to the Governor so that he can execute to conclusion this restructuring agreement, Parliament should pass a resolution to adopt this Report. With those few remarks, I beg to move. I would like Mr. Shakeel to second."
}