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{
    "id": 94112,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/94112/?format=api",
    "text_counter": 188,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, the Central Bank is tightening the supervision of commercial banks and has advised them to improve their internal controls to ensure that there is less fraud, although it cannot be prevented 100 per cent. Looking at the volumes that are handled through the RTGS system, it is now ranging between Kshs71 billion to Kshs100 billion per day. This has jumped from about Kshs25 billion. The RTGS system should be used by anybody who is transferring from Kshs1 million upwards. The control systems also include further training of the Banking Fraud Unit in the Central Bank of Kenya, so that they are more equipped to supervise the banks to improve the system. That is what we are doing as the Government."
}