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{
    "id": 723027,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/723027/?format=api",
    "text_counter": 129,
    "type": "speech",
    "speaker_name": "Hon. (Dr.) Pukose",
    "speaker_title": "",
    "speaker": {
        "id": 1458,
        "legal_name": "Robert Pukose",
        "slug": "robert-pukose"
    },
    "content": "prescribed. The standards may include mandatory continuous or minimum professional development courses, training and certifications which each director or officer must attain before seeking to serve in a deposit-taking SACCO. In the past, we have realized that once a person is elected as a director or within any of the senior positions, they do not continue to enhance and educate themselves or attend continuous education for improvement. This Bill makes sure that those people will continue to attain the set minimum education so as to acquaint themselves with the requirements of managing huge SACCOs. In the past, people have come up with all kinds of organizations in the name of SACCOs. Even pyramid schemes were formed where people deposited their money and it disappeared. A few years ago in this country, there was a record where many pyramid schemes came up and people deposited their money with them. I think this House formed a Committee to look into that matter. The Central Bank of Kenya also froze the accounts of those people and, up to-date, Kenyans are still wondering what happened to the money which they deposited in those pyramid schemes."
}