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{
    "id": 976514,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/976514/?format=api",
    "text_counter": 276,
    "type": "speech",
    "speaker_name": "Nominated, FORD-K",
    "speaker_title": "Hon. (Ms.) Nasri Ibrahim",
    "speaker": {
        "id": 13173,
        "legal_name": "Nasri Sahal Ibrahim",
        "slug": "nasri-sahal-ibrahim"
    },
    "content": " Thank you Hon. Temporary Deputy Speaker. I rise to contribute to this Motion of the Report of the Audited Financial Statements for the Uwezo Fund and the Women Enterprise Fund. The two funds are objectively established by Legal Notice No.21 of the Public Finance Management Act of 2012 and the Legal Notice No.147, Government Financial Management and the Women Enterprise Fund Regulations 2017 to provide easily accessible and affordable loans to the youths, women and persons with disabilities to start up and/or expand their businesses. Hon. Temporary Deputy Speaker, from the Report, it is an admission that the Fund’s accountability has been affected by non-compliance to the national public sector accounting standards with regard to the vetting process and credit policy. This also includes human resource policies, procedures, provisions for bad debt, amongst others. Yet, the Committee did not include the cost of non-compliance in the management of the said funds. Hon. Temporary Deputy Speaker, there is also an acknowledgement of cases of losses and misappropriation of the public funds, with some cases noted to be under the DCI. There is a recommendation by the Committee for the DCI to speed up conclusion of the said cases. In my opinion, there is need to strengthen internal control structures and operational procedures to improve efficiency and reduce wastage and misappropriation. Hon. Temporary Deputy Speaker, my concern is the large sums of money that are lost and the consequential lack of services for deserving Kenyans attributed to the errors of omission and commission as attributed in the Report. The accounting officers should be liable for such loses. I, therefore, support. Thank you, Hon. Temporary Deputy Speaker."
}