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{
    "id": 834770,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/834770/?format=api",
    "text_counter": 511,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": " Hon. Chairman, I also want to argue on the same line. The biggest problem that we will have is where the amounts are still owed to these schemes, especially by the sponsors. A strategy needs to be developed, so that we do not transfer to this new scheme what is considered as assets in the books but may not be realised. I do not know how this will be addressed but it is a very serious concern. When you get the facts from these schemes, you realise that many sponsors owe money to these schemes. That needs to be addressed within the five years window or even earlier. I am happy because there is severe penalty in future for those who will default in remitting the funds."
}