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"id": 879644,
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"type": "speech",
"speaker_name": "Lugari, ANC",
"speaker_title": "Hon. Ayub Angatia",
"speaker": {
"id": 2153,
"legal_name": "Ayub Savula Angatia",
"slug": "ayub-savula-angatia"
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"content": "This is an avenue for corruption. We should amend this Bill by removing this section so that any surplus funds should be banked at the CBK. This is because if you leave the board of trustee to determine where to bank, they will start rent-seeking activities and negotiating with banks on issues of interest rates. This will create live issues of corruption. Otherwise, creating this Fund will enable the sporting activities in Kenya to be promoted. They will have a stable financial banking which will ensure we tap talent from every section of this corner and ensure sporting activities become beneficial to the youth of this country. 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."
}