Amos Kimunya

All parliamentary appearances

Entries 5581 to 5590 of 6175.

• 29 Apr 2008 in National Assembly: On a point of order, Mr. Speaker, Sir. view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, Mr. Imanyara has stated - unless I did not hear it properly - that I have a personal interest in a company. Could he, please, substantiate that first before we move on? view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, may I start by saying that I have absolutely no interest in any of the parties that are involved in that transaction. My interest is upholding the public interest in that transaction, by ensuring that the Kenyan public, at least, can salvage something from the swindle that was there; facilitated by several people who have ripped a lot of money from that transaction, right from the initial disappearance of Kshs2.5 billion, to all the court cases that have been going on there; to the people receiving benefits and continue to do so, to the exclusion of Central ... view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, I think I made it very clear that the Central Bank of Kenya receiver was kicked out by the court in 1999. The management of the hotel was handed back to Central Bank of Kenya. Now, we have a charge on the hotel and, as a result of that, we have the power to appoint a receiver. So, we do not own the hotel. I think it is important to understand that. view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, let us be very clear. The hotel's registered owner is Uhuru Highway Development Limited. The Central Bank of Kenya has a charge on the hotel. A charge is not the same as ownership. I think it is important that we understand that. So long as we understand that--- We have taken possession and appointed a receiver-manager to take care of our interest, while we are exercising our power of charge. view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, we probably need a seminar on ownership and exercising powers over a charge--- view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, it is clear that the Central Bank has a duly registered charge on the hotel to secure the Kshs2.5 billion. The owner of the hotel is still Uhuru Highway Development Limited (UHDL). Mr. Speaker, Sir, if they paid the full amount owed to the Central of Kenya (CBK) today, they would get back their hotel. It is that simple. If they do not pay, we can use the power that we have to sell the asset to recover our money. It is a different thing from when you actually own. view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, let me finish with all the clarifications and then hon. Members can raise a new set of clarifications! view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, if Mr. Jirongo had been a bit patient, I was coming to his clarification. For the record, the first clarification I want to make is that in 1999 the CBK-appointed receiver was removed by the courts. In 2004 the Kenya Anti-Corruption Commission (KACC) went to court, as part of recovering the public asset that was on the verge of disappearing, and managed to secure a joint receivership with the UHDL. It was not the CBK that went to court in 2004. The CBK has now come in and said: "We are the ones who have this charge. ... view
• 29 Apr 2008 in National Assembly: Mr. Speaker, Sir, it is important for us to seek the indulgence of the House at this point. If I was to divulge the value of the hotel, this would prejudice the offers and negotiations that we are going through. It would not be good for the public interest. The assurance I have given hon. Members is that we will not be selling anything at a throw away price. We will have to do it at a value that guarantees that our money is safe, and gives maximum value to Kenyans. Mr. Speaker, Sir, the timetable we have given is ... view