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{
    "id": 959207,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959207/?format=api",
    "text_counter": 585,
    "type": "speech",
    "speaker_name": "Ruaraka, ODM",
    "speaker_title": "Hon. T. J. Kajwang’",
    "speaker": {
        "id": 2712,
        "legal_name": "Tom Joseph Kajwang'",
        "slug": "kajwang-tom-joseph-francis"
    },
    "content": " Hon. Temporary Deputy Speaker, I apologise for my unwanted conversation, but I am not in the Committee. I would wish that Members of the Committee would allow some of us who are not in the Committee to add value to a journey that they have spearheaded. I am told that mandarins, brokers and people who are interested in this legislation are watching. I want them to know that we are debating this, not just for procedural propriety, but to get to the substance of it so that they know that we also know that they want to pilfer public resources without giving us reasons. When I listened to the Cabinet Secretary for the National Treasury give his policy guidelines… This is where the issue of consummation of all these Funds into the Biashara entity rose. I did not, for a moment, think that they were going to create a bank. I did not think that in collapsing these institutions, they would reroute the finances and remodel the institutions. What I read from the policy statement was that they would innovatively make it much better than it was so that it would reach the people it was designed for. What has happened is that they are trying to create a bank. How do you create a bank with public money? Are they creating another National Bank, Cooperative Bank or Consolidated Bank? Even in those situations, the Legislature would like to know the leadership and the shareholding of those institutions. How do you give an independent entity free money from the Exchequer without cost of that money? How? Coming from the National Treasury who were the sponsors of this Biashara concept, it surprises me that they would have designed Regulations such as these. It can only mean lots of mischief from these people. We must annul these things. Much more than that, we need to go back. It came from Hon. Shollei very well what these Funds are all about. I know that men have issues. I am one of the men who have issues about affirmative action."
}