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{
    "id": 868866,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/868866/?format=api",
    "text_counter": 297,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": "and look at a different way of enforcing prudent financial management. I foresee a big challenge and trouble. Under the same Clause 36 is the issue of imprest and petty cash. Petty cash and imprest can only be banked in government controlled or cooperative owned banks. I also see a danger here. We want to expand the financial markets, we want to strengthen the performance of our banks, but if we cannot trust our banks to deposit money there, then we are going to kill them. We are going to reduce business of those banks. Of course, we have a history of collapsed banks in this country, that is a fact and all over the world that happens, but I truly believe that many at times, this can squarely be blamed on the failure by Central Bank to exercise its oversight role. Probably, in the Committee of the whole House this clause will need to be interrogated thoroughly, so that we do not incapacitate or generally kill Government operations of county governments in far flung areas where we have very minimal banking facilities."
}