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{
    "id": 959753,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959753/?format=api",
    "text_counter": 157,
    "type": "speech",
    "speaker_name": "Kiminini, FORD-K",
    "speaker_title": "Hon. (Dr.) Chris Wamalwa",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker. First and foremost, I rise to support this amendment Bill. There are three arms of Government, and there is separation of power in the principle of checks and balances. Parliament is there to enact laws, the Judiciary is there to interpret them and the Executive is there to implement them. When we passed this law, it was Parliament that passed it. So, whoever went to court, the person who was to be sued was Parliament. It is unfortunate and disturbing to hear that later, Parliament was enjoined. It was not sued. The moving of this Bill shows that there was a conspiracy between CBK and Mr. Oduor. This Mr. Oduor, wherever he is, cannot run away from the fact that Parliament is there to legislate. I want to take Hon. Members through the memory lane. Sometime back, before the capping of interest rate came into being, banks were making abnormal profits. My neighbours lost properties. People lost their matrimonial homes and land because banks were making abnormal profits. If you look at the Central Bank of Kenya Act, the responsibility of CBK is to regulate banks. However, those banks could not regulate themselves in a way that will make 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."
}