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{
    "id": 959750,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959750/?format=api",
    "text_counter": 154,
    "type": "speech",
    "speaker_name": "Endebess, JP",
    "speaker_title": "Hon. (Dr.) Robert Pukose",
    "speaker": {
        "id": 1458,
        "legal_name": "Robert Pukose",
        "slug": "robert-pukose"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for allowing me to contribute to the Banking (Amendment) Bill. At the outset, I want to support the amendments by Hon. Jude Njomo, more so, based on the ruling from the court. Therefore, this amendment seeks to make clarifications. Having listened to the presentation by Hon. Jude Njomo and considering the person who went to court to sue the CBK and the Attorney-General on the Banking Act that had been done by this Parliament and assented to by the Head of State, clearly shows a collusion… Undergoing pupilage at that firm that was representing the CBK, that person had very clear instructions. It seems it is collusion between the CBK and the Office of the Attorney General, and this does not augur well. We have had cases of out of court settlements that have been done by the previous Attorney-General. Some of them have not been very favourable to the public. They have actually been scandalous or cantankerous in the sense that they fleece the public of the trust that the high Office of the Attorney-General has been bestowed. The Office of the Attorney-General of the Republic of Kenya not even making a serious presentation to challenge the case that was being brought shows that this was typically collusion. It is a shame that such an office of high esteem that is held by the Republic can engage itself in this kind of collusion. I find it very sad. If you look at the issues that are being canvassed by Hon. Jude Njomo, you will find that they are very clear. Moving forward, I think this is something that needs to be supported. Technology is also moving. As time goes by, there is change of technology. You now have Apps on phones. Many of the youths are falling into the trap of borrowing where they are not able to get money. You occasionally go home and a youth is telling you: “I have a loan in a certain App. Hon. Member, please assist me to repay it.” It is very sad because those are the youths we are taking to colleges and expecting that they will get jobs and sustain themselves. Now, they will not even be able to get jobs because the CRB will indicate that they are not able to repay loans. It is also an embarrassment when they start coming to Members to ask for money to repay the very expensive loans they took through the Apps that are even above the interest rates that has been capped. You have realised that even many of the business people working out there also take loans. They get bank overdrafts. What that means is that whatever business they are engaged in is for the banks. I think it is high time those who are in the banking sector realise that they are not there forever. They also have livelihoods to sustain. They must also look at comparisons 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."
}