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{
    "id": 964789,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/964789/?format=api",
    "text_counter": 125,
    "type": "speech",
    "speaker_name": "Kibwezi West, Independent",
    "speaker_title": "Hon. (Dr.) Patrick Musimba",
    "speaker": {
        "id": 1804,
        "legal_name": "Patrick Mweu Musimba",
        "slug": "patrick-mweu-musimba"
    },
    "content": " Thank you, Hon. Speaker, for giving me this opportunity to contribute to this extension Motion. As much as we support it, fundamental things have become of great concern. One, these bodies we are talking about – the CBK and what the Chair of PIC alluded to, the CMA - are bodies which have been bestowed with serious responsibilities by the people of the Republic of Kenya towards safeguarding the wellbeing of all Kenyans, especially in matters finance. This cannot be diluted just on formality. As we say in law, it is all about the spirit. You cannot hide behind technicalities. Every bank publishes their quarterly accounts and simply puts a qualifying statement that these accounts have not been audited. Nothing stops these bodies from publishing their accounts and writing a qualifier that owing to the vacancy in the office of the Auditor-General, we are not able to get the signature for it to be a legal binding document. It is in the interest of every Kenyan to know the financial position of these bodies. The CMA and the CBK are bodies which are scrutinised very closely by external agencies which have great interest in our country. We need to know the health of our nation in terms of the Treasury Bills and Treasury Bonds; the continued borrowing in terms of securities for the Government and the projects that have already been planned. As such, in looking at the role of the National Treasury as the supervising body over the CBK, it ought to have already taken that line. In the same spirit, we have the current CS National Treasury in acting capacity. He should take up that mantle and simply say these are the accounts they have put forth. There is an ongoing selection process to get a substantive Auditor-General but a lot of work has already been done by the technical people in the respective bodies. The CBK is audited by an external audit company other than the Auditor-General’s Office which comes to assume that role of qualifying those statements in terms of release. As such, this is very important as we give this leeway for extension of the publishing time. They should go out and cease any forms of anxiety in terms of the health of this nation by publishing the same accounts. They will be within the tenants of continuity for this great Republic of Kenya. Thank you, Hon. Speaker."
}