Prof. Githu Muigai

All parliamentary appearances

Entries 521 to 530 of 630.

• 24 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I wish I had good news on this matter. I wish I was able to say that the Government will restore to these persons the monies lost by them. Unfortunately, the money available to the Government is the money that this House has voted for the Government to use in various schemes. You will recall that just last week and the week before, I answered Questions relating to Government Ministries that have failed to pay court-ordered payments, and hon. Members wanted to know what we, in my Office, would be able to do about this. ... view
• 24 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, all the Government is saying is that private citizens are also obliged to take all reasonable precautions in their commercial dealings. I think it is highly unreasonable for members of the public to expect that they may speculate in whatever manner they may wish, in fact, even without any due diligence on the basis that the Government is a sort of insurer of last resort. What we can do and what I want to promise--- view
• 24 Nov 2011 in National Assembly: Thank you, Mr. Temporary Deputy Speaker, Sir. What I can undertake to this House to do is to try to co-ordinate a concerted effort from my Chambers that would find a civil remedy for these individuals under some umbrella body of some sort. They must be able--- view
• 24 Nov 2011 in National Assembly: Yes, Mr. Temporary Deputy Speaker, Sir. It is a lady. view
• 24 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, as hon. Members know this matter is not new in this House. This matter came to this House long before I came here. You will remember that on the 29th of April, 2008, Dr. Oburu, the Assistant Minister for Finance answered this Question at some length. Mr. Temporary Deputy Speaker, Sir, you will remember that on 12th August, 2010, two years later, Dr. Oburu, again, answered this Question at length. On 5th May, 2011, Dr. Oburu, again, answered this Question at great length. This history is important. I craved the indulgence of the Chair to ... view
• 24 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I am not forming a taskforce to further investigate this matter. I intend to form a taskforce to assist the victims and their victim organizations to bring court action for recovery of this money. That is what I have undertaken to do. I welcome the assurance by Mr. Mututho that his Committee will share with us whatever information they have, so that we can all help the victims together. view
• 24 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I beg to reply. view
• 24 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I beg to answer:- (a)Under Section 212 of the Companies Act, which is Cap.486 of the laws of Kenya, the receiver maybe appointed under the following conditions:- 1. Maybe appointed by the court whenever a winding up process is commenced under the supervision of the court. In most cases, the official receiver would be appointed by the court as the provisional liquidator subject to confirmation, or otherwise, at the first creditors’ meeting. 2. An appointment by debenture holders. This will usually be banks, pursuant to powers vested in them under the debentures. 3. Appointment by ... view
• 24 Nov 2011 in National Assembly: According to records at the Official Receiver’s Office, 216 companies have been placed under receivership since 1986. The Attorney General is not in a position to ascertain, which, if any of these companies is making a profit. (b) It is not possible to assign a precise figure of the amount of money that the Government may have lost through companies that have closed down after being placed under receivership. Most of the recent receiverships have been handled by private receivers, and under the Deposit Protection Fund, which is under the Central Bank of Kenya. A total of 26 companies where ... view
• 24 Nov 2011 in National Assembly: Yes, I table this as you have directed. view