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{
    "id": 786668,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/786668/?format=api",
    "text_counter": 260,
    "type": "speech",
    "speaker_name": "Hon. Cheptumo",
    "speaker_title": "",
    "speaker": {
        "id": 50,
        "legal_name": "William Cheptumo Kipkiror",
        "slug": "william-kipkiror"
    },
    "content": "2011 This is a very interesting one because we have an authority where unclaimed assets from institutions such as banks, insurance companies are surrendered. This is for investment and for the benefit of the Kenyan people until the time when the beneficiaries come forward. We need to distinguish this from what we have here because what is being taken care of by the Public Trustee are not necessarily unclaimed assets. Those are assets being held for the benefit of the beneficiaries of either deceased persons or somebody who is missing. That is the distinction. Hon. Kimunya was already wondering whether we are not hiding something here. That is the distinction between those two authorities. We do not object to the fact that unclaimed assets from the private sector should be forwarded to the Unclaimed Assets Authority. But resources being held by the Public Trustee for the benefit of the beneficiaries of a deceased person should not be forwarded to the Unclaimed Assets Authority. That is the distinction that we want to make. That is basically the essence and justification of this amendment."
}