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{
    "id": 973062,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/973062/?format=api",
    "text_counter": 19,
    "type": "speech",
    "speaker_name": "Sen. (Prof.) Kamar",
    "speaker_title": "",
    "speaker": {
        "id": 33,
        "legal_name": "Margaret Jepkoech Kamar",
        "slug": "margaret-kamar"
    },
    "content": "Finally, that none of these issues raised in this Petition is pending in any court of law, constitutional or any other legal body. Wherefore, your humble petitioners pray that the Senate- (i) Given the apparent non-procedural, unscrupulous and suspicious behaviour of SASRA, the Commissioner of Cooperatives and the CS, Ministry of Industry, Trade and Cooperatives, we would like to request the Senate to summon the aforementioned parties and grant us all hearing to resolve the clear failure by the former to perform their duties as state officers; (ii) To stop the auctioning of the building because it is a hurried sale of an undervalued property since it is being sold for around Kshs250 million yet it is worth over Kshs650 million thereby causing irrevocable loss to the shareholders. There is as a valuation to that effect in 2017 of Kshs650 million; (iii) The Senate uncovers the possible canvassing involved by SASRA, the Commissioner of Cooperatives and the CS in charge of the Ministry of Industry, Trade and Cooperatives as is seen in the mismanagement of MUSCO in breach of their fiduciary duties which includes failing to give any information concerning the process of liquidation; (iv) Demands for the MUSCO financial documents; since there is no other way to prove the financial issues present, this secrecy has led members to be in the dark concerning the amount of money currently being collected from MUSCO Towers as rent; how the money collected is spent, and how loans taken by members are being recovered. In fact, it is believed that the money is being channeled through a Kenya Commercial Bank (KCB) account which has been quoted as Account Number 1235103706, Eldoret Branch. However, this requires investigations since it cannot be proved. Also, there is no proof that the Kenya Revenue Authority (KRA) remittances are being made by MUSCO management currently; and, (v) The petitioners are praying to the Senate that they expedite the process of investigations and resolution in the interest of justice and public interest because they are bound to lose their hard-earned money and it will set a terrible precedent. I thank you. The petition is signed by five members, that is, Mr. Jack Willis Okumu Abok, Mr. David Thuo Kamau, Ms. Rose Koima, Mr. Michael Kangogo and Ms. Pamela Moraa on behalf of the 3000 members of MUSCO."
}