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"id": 1563122,
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"type": "speech",
"speaker_name": "Sen. Cherarkey",
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"legal_name": "Cherarkey K Samson",
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"content": "never retreated on what he said in Kakamega; that the Cabinet Secretary must resign or he should be fired. I agree with that part. It also it brings me conflict of interest because they are my neighbours and I know they love tea. Anyway, that is a conversation we can have in future. Sen. (Dr.) Khalwale, you will become the Governor of Kakamega. Mr. Deputy Speaker, Sir, I agree with the names. Looking at the names with this obsession of tribalism and anything, I can see this is the face of Kenya. I thank the Chairman, Capt. Roba for this. One can see Sophie Muturi, CPA Abdullahi Mohamed Abdi, Beatrice Kosgei, and David Simpson Osawa Owour. This is the face of Kenya. It is sad, and I wish the Chair of the Committee on National Cohesion and Regional Integration was here. There are some boards in this country that can converse in their local dialect. This Central Bank of Kenya Board is very critical. Under Article 10 on principles, values of good governance, we must see the face of Kenya. I challenge the Committee of National Cohesion and Integrity to give us the ethnic arithmetic and combination of the boards and the Semi-Autonomous Government Agencies (SAGAs) we have in this country. You will be shocked. I am happy that the Teachers Service Commission Chief Executive Officer position has been finally advertised. The Teachers Service Commission (TSC) was becoming the face of ineptitude, inefficiency, moribunds and corruption. Politicians were actually dishing TSC employment letters in funerals and other forums. It was embarrassing. We must run boards professionally, within the law and with integrity. As they recruit the new Chief Executive Officer (CEO) of the TSC, I hope that we will get somebody with integrity. I am happy the Chairperson of the Committee on Education is seated in the House. Let us get the correct person: a person of integrity. We do not want somebody like the current CEO, who has been the face of inefficiency. Teachers are now suffering. In fact, they cannot access their health insurance just like the police. I am happy there are teachers in this House like Sen. Ogola. Actually a number of people here have been teachers. That is why boards must be constituted in a proper manner. Section 10 of CBK Act is very clear. We have seen banks declaring devilish and unholy profits after every financial year without telling us how much are they paying the Kenya Revenue Authority (KRA). Members of Parliament (MPs) who are seated here will tell you that taking a bank loan in this country is not a walk in the park. I was speaking to a businessman the other day and he told me that he took loan from a certain bank at 14 per cent but they renegotiated and it became expensive at 21 per cent. I am a Board Director in our Parliamentary Sacco and I can tell you that most MPs take our loans because they are cheaper than commercial banks. What is happening? You will hear Equity Bank, Standard Bank, ABSA Bank declare Kshs20, 80 or even Kshs100 billion pre-tax. I want to challenge the Board, in their oversight role to tell"
},
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"id": 1563123,
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"text_counter": 263,
"type": "speech",
"speaker_name": "Sen. Cherarkey",
"speaker_title": "",
"speaker": {
"id": 13217,
"legal_name": "Cherarkey K Samson",
"slug": "cherarkey-k-samson"
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"content": "The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
},
{
"id": 1563124,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563124/?format=api",
"text_counter": 264,
"type": "speech",
"speaker_name": "Sen. Cherarkey",
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"speaker": {
"id": 13217,
"legal_name": "Cherarkey K Samson",
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"content": "us the business that the banks doing when Kenyans cannot do business. Could they be doing money laundering? The regulator, which is Central Bank of Kenya, must also look into the microfinance on what to credit. There are a number of them that give small loans for motorbikes and what they do is very unfortunate. There is a famous one in our villages which comes to take people’s cows, sofa sets and television sets. It is a microfinance that is run mostly by women. They even take the roof under the supervision of the police. This is happening where I come from. Families are breaking down because of the poor regulation mechanism by the Central Bank of Kenya. Marriages are actually breaking down, yet the strength of a society and a nation is a strong family. The microfinance is called Kenyan Women. They usually come and take everything. They take people’s clothes, beds, roofs, television sets, cows and even the shoes. I know no one wants to wear shoes in Migori after the incident that happened over the weekend. I saw Sen. (Prof.) Tom Odhiambo Ojienda on the ground. He will tell me, in camera, of what really happened. Those people take everything. We have been told that a number of young men take loans to buy motorbike, but they end up paying Kshs350,000, which is four times the cost of that motorbike under that credit. When they realize that you are almost finishing paying for that motorbike, it then disappears mysteriously. We must be told. This Board is challenged to do their work of oversight, so that microfinance entities are not allowed to operate unlicensed and unchecked. They should not be given a free hand to stifle and frustrate the small businesses in this country. Most of the young men who are in boda boda sector here in Nairobi and Nandi call me daily. They tell me that they had taken a loan to buy a motorbike from a credit facility just for it to disappear before they finished their last instalment. When they report to a police station, the police men collude and no one is arrested. The same thing happens to Kenya Women Microfinance. In our respect, we are equated to cows. When somebody from Kenya Women Microfinance comes and drives away with a cow worth Kshs120,000--- In our local language, they say, konyit ko tetanyok muren, which is equated to respect yet somebody just comes and takes it. I want to challenge the Board on its oversight role. They must reign on the microfinance entities and commercial banks. You saw what the Committee on Devolution and Intergovernmental Relations did. There are counties who run an unknown number of commercial bank accounts. Bungoma County had over 150 commercial bank accounts. Nandi County has over 100. Why would the Bankers Association of Kenya, the CBK allow this? Under the Public Finance Management Act, counties are supposed to operate a minimal number of accounts. I am happy that the Chairperson of the County Public Investment and Special Funds Committee is here. The counties are supposed to have a special purpose account that is allowed under the law for the World Bank."
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"id": 1563125,
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"text_counter": 265,
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"speaker": null,
"content": "(Sen. Sifuna spoke off record)"
},
{
"id": 1563126,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563126/?format=api",
"text_counter": 266,
"type": "speech",
"speaker_name": "Sen. Cherarkey",
"speaker_title": "",
"speaker": {
"id": 13217,
"legal_name": "Cherarkey K Samson",
"slug": "cherarkey-k-samson"
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"content": "The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
},
{
"id": 1563127,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563127/?format=api",
"text_counter": 267,
"type": "speech",
"speaker_name": "Sen. Cherarkey",
"speaker_title": "",
"speaker": {
"id": 13217,
"legal_name": "Cherarkey K Samson",
"slug": "cherarkey-k-samson"
},
"content": "I am winding up, Sen. Sifuna. Mr. Deputy Speaker, Sir, protect me. I do not know why the Secretary General of ODM is restless. This is a very serious Motion."
},
{
"id": 1563128,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563128/?format=api",
"text_counter": 268,
"type": "speech",
"speaker_name": "Sen. Kathuri",
"speaker_title": "The Deputy Speaker",
"speaker": {
"id": 13590,
"legal_name": "Murungi Kathuri",
"slug": "murungi-kathuri"
},
"content": " What is it, Senator?"
},
{
"id": 1563129,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563129/?format=api",
"text_counter": 269,
"type": "speech",
"speaker_name": "Sen. Cherarkey",
"speaker_title": "",
"speaker": {
"id": 13217,
"legal_name": "Cherarkey K Samson",
"slug": "cherarkey-k-samson"
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"content": "He is throwing his hands around. I do not know what the problem is."
},
{
"id": 1563130,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563130/?format=api",
"text_counter": 270,
"type": "speech",
"speaker_name": "Sen. Kathuri",
"speaker_title": "The Deputy Speaker",
"speaker": {
"id": 13590,
"legal_name": "Murungi Kathuri",
"slug": "murungi-kathuri"
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"content": " You have 10 more minutes."
},
{
"id": 1563131,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563131/?format=api",
"text_counter": 271,
"type": "speech",
"speaker_name": "Sen. Cherarkey",
"speaker_title": "",
"speaker": {
"id": 13217,
"legal_name": "Cherarkey K Samson",
"slug": "cherarkey-k-samson"
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"content": "Yes. We are paid to speak."
}
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