29 Nov 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker, for giving me an opportunity to contribute to the Sacco Societies (Amendment) Bill, 2018 which I support.
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29 Nov 2018 in National Assembly:
I would like to start by thanking the Chairman and Members of the Departmental Committee on Finance and National Planning for this Bill. As those who have spoken before me have said, looking at the memorandum of this Bill, most of the amendments are aimed at aligning the principal Act with provisions of our new Constitution. I would like reiterate what the Chairman of the Constitutional Implementation Oversight Committee has said. There are legislations which are not yet aligned with the provisions of the new Constitution and still make reference to Ministers and local authorities.
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29 Nov 2018 in National Assembly:
As I support this Bill, it is important for us to appreciate that SACCO Societies play a very important role in the economic development of our country. This is especially, in enabling our rural population and the workers of Kenya, those in public and private sector, to pool together their savings so that they are able to access affordable financial services. The role of SACCO Societies is appreciated by our blue print Vision 2030. This is in terms of its role in deepening financial access, mobilising of savings and also in enabling investments in enterprises and personal development of Members ...
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29 Nov 2018 in National Assembly:
Looking at the proposed amendments, I specifically want to talk to Section 51 of the Principal Act. If you look at the provisions of that clause, it relates to the role of the authority in terms of its supervisory work as well as enforcement of action at times when the SACCO Societies violate provisions of the principal Act. There are other regulations put in place to regulate SACCO Societies businesses. The proposed amendments to Section 51(m) of the principal Act relates to imposition of financial penalty on the society. However, we know that societies are run by directors and their ...
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29 Nov 2018 in National Assembly:
imposition of financial penalty stopped at the society as an institution, I think that is not fair. Therefore, the proposed amendment is quite in order. It goes beyond imposition of financial penalty on the society. It also talks about doing the same on directors under whose watch the violation of the provisions of the Societies Act has taken place, therefore, putting the savings of Kenyans in jeopardy. So, I see this as very important. We have seen SACCO Societies go under and hard earned savings of Kenyans being squandered by people who have been entrusted by Members to manage their ...
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29 Nov 2018 in National Assembly:
I would also like to appreciate the importance of the use of ICT in filing returns. We realised that the manual way of filing returns is cumbersome in terms of having a central registry. Sometimes, it is difficult for regulatory authorities to establish the financial health of the thousands of SACCO Societies registered to operate across our country. Therefore, I feel that the use of ICT to facilitate electronic filing of the returns will improve efficiency and help the regulatory authority identify those SACCO Societies that are not performing well and, therefore, institute measures to prevent them from going under.
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29 Nov 2018 in National Assembly:
With those few remarks, I support the proposed amendments to the Bill.
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29 Nov 2018 in National Assembly:
Thank you Hon. Temporary Deputy Speaker for the opportunity to contribute to this very important Bill, Senate Bill No. 1 of 2018, which is on the assumption of office of a county governor. I would like to thank the Senate for coming up with this important proposed piece of legislation which is aimed at filling a lacuna in law, as far as assumption of office of governor is concerned. The Bill outlines a very clear process which guides how a governor-elect is supposed to be sworn in. Having witnessed the swearing-in ceremonies of two sets of governors – those who ...
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29 Nov 2018 in National Assembly:
elect have been adequately addressed. Therefore, I would like to thank the Senate and our own Departmental Committee on Administration and National Security for having looked at this Bill and also for bringing it before this House, after going through it and making appropriate amendments on the basis of what they have heard from various stakeholders. I, therefore, support this Bill. Thank you very much.
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21 Nov 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I would like at the outset to support this constitutional amendment Bill. The proposed amendment is actually something which ought to have been done before today. It is unfortunate that past attempts by this House during the 11th Parliament did not succeed. My only hope is that the passion we have shown in supporting this Bill will enable us to mobilise enough numbers and ensure that the amendment is passed so that we can confirm that we abide by and live by what we said when we were sworn in as Members of Parliament ...
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