28 Jan 2009 in National Assembly:
The Minister assured the Committee that the hotel had not been sold and that the Treasury and Central Bank of Kenya were in consultations with the Procurement Authority and the disposal would be done in accordance with the law. He stated that all the valuations carried out on the hotel were lower than Kshs2.5 billion. Notwithstanding the reserve price of Kshs2.5 billion, the Minister stated that they would try to sell it for at least Kshs2.9 billion.
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28 Jan 2009 in National Assembly:
Madam Temporary Deputy Speaker, on the second meeting when hon. Amos Kimunya, MP came - he was not a Minister at the time - he appeared before us for a second time. On that occasion, he gave us the following evidence. He said, as the Minister for Finance, his role was to be the link between Parliament and the public in terms of transmitting the information conveyed to him by the Ja nuary 28, 2009 PARLIAMENTAR Y DEBATES
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28 Jan 2009 in National Assembly:
Madam Temporary Deputy Speaker, with a matter as important as this one, which has received a lot of public attention, and which this House has expressed a lot of concern about in the past, I think it would be unfair for me to be hurried by anybody here, that I must give a summary for purposes of voting, so that if people want to vote it out or in--- I think the public should know. This House has a very important oversight role. So, I would like to be given the opportunity to give the Report in the form I ...
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28 Jan 2009 in National Assembly:
Madam Temporary Speaker, Sir, if I did not have all these interruptions, I would
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28 Jan 2009 in National Assembly:
4522 PARLIAMENTARY DEBATES January 28, 2009
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28 Jan 2009 in National Assembly:
have gone almost to the end, but we have had a lot of unnecessary interruptions.
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28 Jan 2009 in National Assembly:
Madam Temporary Deputy Speaker, I will go on and give the evidence of the Governor of the Central Bank of Kenya. The Governor of the CBK appeared before us on 28th July, 2008 and this was his evidence. The CBK had lost about Kshs8 billion as unsecured money to Goldenberg but had only secured Kshs2.5 billion. He prepared a brief on the Grand Regency Hotel for the Minister for Finance to submit to the Committee during the meeting held on 21st May, 2008, because the Minister for Finance was the leader of the team. However, the Minister did not pass ...
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28 Jan 2009 in National Assembly:
He confirmed having received a copy of the letter from the Committee requesting both the Treasury and the CBK to put on hold all transactions on the Hotel. However, he never got any response from the Minister, and the Minister went on to respond to the letter from the Committee without copying the same to him. He informed the Committee that the CBK was given a memorandum of understanding by the Libyan High Commission and that, that was how the CBK started engaging the Libyan investor. I will quickly go on to the observations of the Committee, because the evidence ...
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28 Jan 2009 in National Assembly:
Madam Temporary Deputy Speaker, this is our observations as a Committee on the evidence as contained in the Report. One, from the evidence from the then Minister for Finance, Mr. Kimunya, the Committee observed with concern that the former Minister withheld material facts and gave false information when he appeared before the Committee on Wednesday 21st May, 2008 to the effect that the Grand Regency Hotel had not been sold, whereas evidence adduced before the Committee later indicated that a deposit of US$4.5 million by the purchaser's lawyer Wetangula Adan Makokha Advocates on 8th May, 2008, and the money received ...
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28 Jan 2009 in National Assembly:
"Any person who before the Assembly or any Committee, intentionally gives a false answer to any question material to the subject of inquiry, which may be put before him during the course of any examination, shall be guilty of an offence under Section 108 of the Penal Code and liable to the penalty prescribed by the appropriate Section for that offence."
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