21 Feb 2017 in National Assembly:
I support Clause 2(b) which seeks to change the by-laws which regulate the changing of by-laws by SACCOs, so that any SACCO that would want to have by-laws on how to deposit, borrow or even the borrowing rate, will be regulated by the Authority, so that they do not just do it on their own. For a long time, SACCOs have been doing their own stuff without considering the regulations of the entire sector. The other issue is the registration to be under the deposit taking SACCO (DTS) without the approval of the Authority. It is important that every institution ...
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21 Feb 2017 in National Assembly:
The Bill gives these institutions about a year before they are issued with licences. This is very important because the Authority will have opportunity to assess all the institutions that want to join as a DTSs to have a background check especially their financial instability and the kinds of activities they have been engaging with, so that the moment they are issued with licences, it will be giving them a clean bill. They can do whatever pertains to the borrowing, lending and deposit taking from their customers. It is very important for us to have a proper background check of ...
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21 Feb 2017 in National Assembly:
There is also a part which talks to the offence or the illegality of operating as a DTS institution without a licence, which is also very important. This will ensure that illegal SACCOs, which normally allow deposit taking without a licence are monitored. If found undertaking that activity without a licence, it will be a serious offense punishable in a court of law.
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21 Feb 2017 in National Assembly:
The other part which I support fully is where the Authority will vet directors. For a long time, most of the SACCOs are just formed based on the members who have agreed to form them, but the picking of directors who manage the activities of the SACCO is not subjected to serious scrutiny. This law will allow the Authority to vet the directors who will be appointed to those positions especially on matters of qualifications which is also quite important. If parastatals and the private sectors do not allow directors who do not understand the running of the institutions, SACCO ...
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21 Feb 2017 in National Assembly:
Competence, integrity and reliability are also important. These are issues which we normally use on our day to day activities especially when we are vetting directors, chairpersons, Cabinet Secretaries (CSs) and everybody who wish to occupy public office, so that we can know for sure that the person who will be running the particular institution has the mandatory qualifications and the integrity that is required for the office. Clause 4 is another regulation which is very important where the Authority is to impose standards on directors especially where the directors have been picked and trained. We will also allow them ...
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21 Feb 2017 in National Assembly:
Ahsante Mhe. Naibu Spika wa Muda. Ningependa kuzungumzia Hoja hii kwa huzuni sana, haswa tunapoona kwenye magazeti na televisheni vifo vya watu kila siku. Kama alivyosema Mhe. Shebesh, ni lazima Serikali ichukue jukumu la kumaliza janga hili la watu kuwaua wengine kule Baringo, Turkana, Elgeyo Marakwet na Trans Mara. Kama kundi la
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21 Feb 2017 in National Assembly:
liliangamizwa, basi inawezekana kumaliza janga hili. Rais Kibaki alimkubalia mwendazake Waziri Michuki kumaliza kundi la Mungiki lililokuwa likiwahangaisha wakazi katika eneo la Kati mwa Kenya. Michuki hakujali kama Wakikuyu watamlaani. Janga la wizi wa mifugo linafanyika katika eneo la Bonde la Ufa, sehemu ambako Gen. Nkaissery na Naibu wa Rais wametoka. Ni lazima wasimamishe vifo vya watu. Gen. Nkaissery afuate nyayo za Michuki. Naibu wa Rais yuko Serikalini na ni lazima asimamishe vifo vya watu. Serikali tu ndiyo inaweza kumaliza wizi wa mifugo kwa sababu iko na ripoti kuwahusu watu ambao wanahusika na vitendo hivyo. Hatuwezi kumwambia Mhe. Ng’ongo, Kamama ...
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21 Feb 2017 in National Assembly:
He is the Head of State.
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21 Feb 2017 in National Assembly:
( Off microphone )
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16 Feb 2017 in National Assembly:
Thank you, Hon. Speaker and also the Chairman, for donating this time to me. I know the two minutes will be over before I mention anything. I support the Report in totality. I only wish that the agencies which are meant to investigate further and deal with the issues that have been raised in those particular reports are serious. As a Committee, we have tabled several reports. This is another wake up call for other Committees. We, in the PIC and those in the PAC, table reports that we know will be of great benefit to this country and can ...
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