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{
    "id": 858994,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/858994/?format=api",
    "text_counter": 236,
    "type": "speech",
    "speaker_name": "Mvita, ODM",
    "speaker_title": "Hon. Abdullswamad Nassir",
    "speaker": {
        "id": 2433,
        "legal_name": "Abdulswamad Sheriff Nassir",
        "slug": "abdulswamad-sheriff-nassir"
    },
    "content": " I had indicated it was in excess of 300 per cent. The Chief Executive Officers who exceed the maximum contract variation of 25 per cent should be surcharged for the variation in pricing by their respective corporations over and above the allowed threshold in law. Hon. Temporary Deputy Speaker, we have indicated what should be done. I will talk about implementation of not only the PIC, PAC or the Special Funds Account Committee (SFAC), but also recommendations for every other Committee. I will indicate what our concern is and what needs to be done. The other issue that cuts across is the issue of investment by State corporations. Some of the investments that have been done have had an issue of unrecoverable loss like where ownership of land is in dispute or is lost thereby failing to realise value for money. An example is the NSSF that has invested heavily in land and buildings in Mavoko. Until today, one of these issues like that of Mavoko had so many other players. This is why we are also concerned with the NLC. Those who actually claimed to own that land ended up surrendering that title. We are wondering why officers at the NLC are taking their time to ensure that they neutralise the situation and return that land to the rightful owner. Even on a case like that, the NLC has sat tight on the same. There are many others such as the Kenya Railways Corporation where they invested Kshs800 million in a bank that has since died—the Chase Bank. That bank is currently under receivership. Our recommendation is that State corporations should ensure that they diversify their investment portfolios to maximise on profit and safeguard against losses. This House should enact legislation outlining guidelines relating to the investment of surplus revenue. Parliament should enact legislation to regulate the deposit of money in private banks by State corporations. Regarding implementation of this Committee and many other committees, we recommend that parliamentary Committees form sub-committees that will work closely with the Committee on Implementation to track and report on each Committee’s status of implementation of recommendations as well as provide institutional memory during examination of accounts. Another issue is with regard to special audits. In the process of examining, we as a Committee were able to get information through whistle blowers; we were able to gather more information even as and when we were going through the deliberations. One of the special reports expected before this House will be on the Line Five replacements by the Kenya Pipeline Company. That has also seen a variation in billions. We are going to see another where we have had unaccounted for transit goods destined to neighbouring countries by the Kenya Revenue Authority (KRA). I would like to give a case example here. The whistle blower indicated that there were about a thousand containers that had gone missing. When we engaged the Office of the Auditor General, these figures ended up reaching close to 4,000 containers. They could be missing; their whereabouts is unknown. We need to find out where these containers have gone. There is something of concern; a nation that is not able to feed its people is a nation that is literally on its knees. We have asked for a special audit on NCPB mainly on the purchase of maize stocks for the Financial Year 2017/2018. Now, it is even more wanting. Despite their being a variance and an issue in the purchase itself, the fact is that it is because of people not being able to make decisions the right time. Even that maize is rotting while we have bumper The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}