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"type": "speech",
"speaker_name": "Sen. Pareno",
"speaker_title": "",
"speaker": {
"id": 13180,
"legal_name": "Judith Ramaita Pareno",
"slug": "judith-ramaita-pareno"
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"content": "Mr. Speaker, Sir, I thought you would give us time to appreciate those that are in the Public Gallery. However, I can do it after he finishes."
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"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/973080/?format=api",
"text_counter": 37,
"type": "speech",
"speaker_name": "Hon. Lusaka",
"speaker_title": "The Speaker",
"speaker": null,
"content": " When I give you an opportunity you can use it to acknowledge them and also make your contribution."
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"type": "speech",
"speaker_name": "Sen. Pareno",
"speaker_title": "",
"speaker": {
"id": 13180,
"legal_name": "Judith Ramaita Pareno",
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"content": "Thank you, Mr. Speaker, Sir. I appreciate students from Tangaza College for being here."
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"type": "speech",
"speaker_name": "Hon. Lusaka",
"speaker_title": "The Speaker",
"speaker": null,
"content": " Sen. Pareno, you are out of order. Sen. Cheruiyot is on the Floor. Do not ride at his time. Proceed, Sen. Cheruiyot."
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"type": "speech",
"speaker_name": "Sen. Cheruiyot",
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"speaker": {
"id": 13165,
"legal_name": "Aaron Kipkirui Cheruiyot",
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"content": "Mr. Speaker, Sir, in light of your additional guidance, I welcome the visitors that are before us this afternoon. I wish them a fruitful engagement with us in terms of listening to the debates. May they find what they sought when they came to this House. I welcome them."
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"speaker": null,
"content": "(Resumption of debate on Petition)"
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"type": "speech",
"speaker_name": "Sen. Cheruiyot",
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"speaker": {
"id": 13165,
"legal_name": "Aaron Kipkirui Cheruiyot",
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"content": "The long standing dispute between SASRA and a number of SACCOs, for example, MUSCO that are before us seeking the guidance of the Senate in trying to resolve this issue is one such example. I know this SACCO well having schooled at Moi University. I know what it means to the people who contribute their savings to it. The day that I saw that this well to do and thriving SACCO had gone down, my heart sunk. I realised that we are living in difficult times. Mr. Speaker, Sir, I made a further inquiry from the Chief Executive Officer (CEO) of SASRA to find out what the issues that are bedeviling this particular institution are. I was more concerned because my county also has a number of SACCOs. I know what SACCOs mean, especially to ordinary Kenyans that we represent. Most of them put their life savings in these institutions. Therefore, if we have weak regulations in this sector, we are putting the lives of millions of Kenyans in danger. Mr. Speaker, Sir, to my surprise, they told me that they had proposed regulations on how we can manage our SACCOs better. Unfortunately, our Committee on Tourism, Trade and Industrialization has not hurried the process or put in place proper regulations. I do not know how true this is. Perhaps, Members of the Committee will get an opportunity to respond. One of the key issues is seeing the competence of men and women that are charged with the responsibilities of sitting in boards that run these institutions. 90 per cent of the SACCOs are failing due to governance issues where members of the board award themselves loans or employ their children. Therefore, it is important for the Committee on Tourism, Trade and Industrialization to deal with this issue that is before us. More importantly, so as to save other SACCOs, it should hurry and expedite the"
},
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"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "",
"speaker": {
"id": 13165,
"legal_name": "Aaron Kipkirui Cheruiyot",
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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 Hansard Editor, Senate."
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"id": 973087,
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"text_counter": 44,
"type": "speech",
"speaker_name": "Sen. Cheruiyot",
"speaker_title": "",
"speaker": {
"id": 13165,
"legal_name": "Aaron Kipkirui Cheruiyot",
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"content": "process of completing that exercise that is before them of considering the proposal from SASRA in terms of legislation."
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"text_counter": 45,
"type": "speech",
"speaker_name": "Sen. Wetangula",
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"speaker": {
"id": 210,
"legal_name": "Moses Masika Wetangula",
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"content": "Thank you, Mr. Speaker, Sir. I also join you in welcoming the students from Tangaza College and members of staff from EALA to the Senate. Looking at this Petition, it casts a sorry state of affairs. This country is littered with frustrated, collapsed and defrauded SACCOs everywhere. SACCOs are drawing members from workers who surrender a portion of their income with a hope that it will make a better tomorrow. However, what turns out is often a nightmare. I come from very close to Eldoret. The Moi University SACCO Towers in Eldoret is one of the most prestigious towering structures in the town of Eldoret. Besides that, I have no doubt that that structure is worth anything in excess of Kshs700 or 800 million. What is worse is that the bank has put in place a liquidator who is now becoming a problem instead of helping to save the SACCO. From the information available, the liquidator is collecting rent of up to Kshs2 million a month and is not accounting to anybody. We know that Petitions take much longer than 60 days in the Senate. Now that it is on the Floor of this House, it does not automatically injunct the liquidator and the bank from disposing of the assets fraudulently in an undervalued manner to choice buyers and to disenfranchise the petitioners and their members even more. I heard her say that there is an injunction application in court. I urge the Committee that you will direct to deal with this Petition to save these members who have put their sweat in this process to immediately call the Cabinet Secretary (CS) responsible for Industry, Trade and Cooperatives to ensure that he gives a ministerial order to Cooperative Bank of Kenya which is also owned by cooperatives including MUSCO, that no remedial action is taken against the assets of this cooperative until the Senate finishes this transaction and files a report. In fact, now that the Petition has landed here, those fraudulent characters will dispose of this property to themselves even tomorrow. So, we need very clear direction from this Floor. The Cabinet Secretary (CS) for Industry, Trade and Cooperatives must be made to appear before the responsible committee that you will direct this matter to as urgently as tomorrow or Tuesday, to ensure that through his executive authority, the matter is left in abeyance until this Senate pronounces itself formally on this matter. This is because I know many people who are suffering as a result of the instability---"
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