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{
    "id": 898879,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/898879/?format=api",
    "text_counter": 182,
    "type": "speech",
    "speaker_name": "Tongaren, FORD-K",
    "speaker_title": "Hon. (Dr.) Eseli Simiyu",
    "speaker": {
        "id": 141,
        "legal_name": "David Eseli Simiyu",
        "slug": "david-eseli"
    },
    "content": " Hon. Temporary Deputy Chairlady, this amendment was informed by the fact that, in the past, we have seen a lot of misbehaviour with public funds. If we give them an open cheque that they invest in all these areas we are talking about, then we shall be opening NHIF to a lot of mischief whereby the board would invest money in places where there are no returns. You all remember the Euro Bank saga where Kenyatta National Hospital invested Kshs250 million. There is a law also that government institutions can keep their surplus funds. For NHIF, they require that money all the time. So, we felt that opening for them this sort of investment will mean opening them to what we call financial speculation. And that is not the core business of NHIF! They will be getting out of their core business. So, we felt that, especially with the current environment in the country… Unless the environment changes – we have a high level of financial mischief and corruption - we do not want to open that box for any institution. So, I support the Chair’s amendment."
}