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{
    "id": 77585,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/77585/?format=api",
    "text_counter": 318,
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    "content": "synonymous with doing bad, but, perhaps it is time in keeping with modern times that we limited the terms of office of the top SACCO leadership, the same way we do with the country and other organizations, so that we can bring down the possibility of people perpetuating bad practice and getting disgruntled because the leadership has taken too long. Mr. Temporary Deputy Speaker, Sir, this Report also brings to fore the need for us to move with speed to have the police reforms complete, so that the police are able to go about their business. If the investigations were proper, Questions would not be raised in Parliament. We also need reforms in the Judiciary. We would not be having a case against the management pending. Here, I beg to differ with the Committee. That case is not concluded. It is a mere injunction that was issued and the challenge in the constitutional court has never been prosecuted. So, there is a paralysis of the case, which is the wrong way to go about things. When people have nothing to hide, the prosecution should conclude. The prosecution of the injunction case should either dismiss the fraud case or open it to conclusion. These are the things that we must really check. I do not think that the KACC really needs much more empowerment. If it does not have forensic auditors within it, it has funds within which it can source. We want to see this investigation concluded as has been emphasized by the Committee. Mr. Temporary Deputy Speaker, Sir, the point of divergence with the Committee is that it cannot conclude that only Kshs4 million is lost. That cannot be when documents are missing and before the forensic audit. Since Parliament is ill-equipped, can this forensic audit be complete so that this giant SACCO may be allowed to get on with its life? Let us not have the habit of dismissing any issue raised, but let us not also believe everything said. An issue raised deserves an answer. It should be looked at and concluded. That is why we are unhappy as a House – and I join the Committee in that – that this matter has taken more than a decade to bring to rest. We urge that the KACC concludes the matter and the Minister ensures that the regulator steps into this SACCO and also goes to other SACCOs, not necessarily to investigate them, but to build capacity. Mr. Temporary Deputy Speaker, Sir, the SACCO movement has more members than the entire banking industry in this country. Majority of our people rely on the SACCO movement and I know the Minister is painfully aware of this. I think there is a case that, as a country, we must spend some money to build the capacity of our SACCOs which are the mainstay of the small saver. Look at that giant building – the Harambee SACCO Plaza – built of co-operators’ money. Look at many other buildings and houses around the country. We really need to do something about the SACCO movement to encourage development. Mr. Temporary Deputy Speaker, Sir, finally, there is the issue of the Harambee Plaza. The Mwaliko Report had clearly said that the Harambee Plaza should be separated from the running of the SACCO so that when the SACCO says it has a surplus, we are able to know it is a surplus of the SACCO and they are not including the rent of the Harambee Plaza. This will ensure that when they account, there is a separate account for the Harambee Plaza and another separate account for the SACCO. As it is, even if there"
}