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{
    "id": 956057,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/956057/?format=api",
    "text_counter": 306,
    "type": "speech",
    "speaker_name": "Seme, ODM",
    "speaker_title": "Hon. (Dr.) James Nyikal",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "Hon. Temporary Deputy Speaker, I am not happy. If you look at this process, from the time the Banking Act was passed until now, you will see collusion between the banks and the Central Bank of Kenya (CBK). It has come out clearly that the person who took the matter to court is related to the lawyer of CBK. I do not see why the CBK did not come out clearly and say that, as much as the Act was passed, there are ambiguities in it. There was no need to go behind and get a pupil in their lawyer’s firm to do this. That shows bad faith on the part of CBK. When a regulator is colluding with people they are supposed to regulate, that is a disaster. The CBK should not do that. The banks in this country are in business. Therefore, they are anti-economic growth. They are surely becoming the real lords of poverty. They are economic saboteurs. If you go to the bank, they charge you even for withdrawing your money. When you give them money directly, they charge you for that. The only thing that you are not charged in banks these days is the air you breathe. So long as you step there and you ask to get your account and to be advised on anything, it is charged. That appetite for higher interest rate that does not look into the welfare and economy of the country is counter-productive."
}