John Michuki

All parliamentary appearances

Entries 291 to 300 of 529.

• 17 Jul 2008 in National Assembly: I need about another five minutes. view
• 17 Jul 2008 in National Assembly: Mr. Speaker, Sir, first, regarding the observation that the Attorney-General's opinion was ignored, I want to assure July 17, 2008 PARLIAMENTARY DEBATES 1941 hon. Members that the State Law Office was fully involved and, indeed, a Senior Counsel from that office was a member of the restructuring committee that I have alluded to earlier. Secondly, after a detailed review of loans in question, the legal opinion was that though there were no formal guarantees, the loans in question were all properly due from the Government. Moreover, the agreement between the Treasury and the NBK was approved by the State Law ... view
• 17 Jul 2008 in National Assembly: Mr. Speaker, Sir, my dear friend there, hon. Okemo, wants an explanation about the guarantees and other things; what he describes as technical. It is important, as I said, to understand the background of this whole episode with very many acts in it. Those were loans which were generally given, in some cases, to people who, other than collecting fares from a taxi, have never, never attempted a venture involving such monies as they had been given! Yet, they were given. They were given those loans by an order of the people who were then in the Government. So, Mr. ... view
• 17 Jul 2008 in National Assembly: There would be no bank at all! The Government should be commended for having worked in such a way that we now have a thriving bank which is competing, and which could also be privatised, even though it was not being restructured in order to be privatised! So, Mr. Speaker, Sir, the Government should be commended! view
• 17 Jul 2008 in National Assembly: Mr. Deputy Speaker, Sir, Dr. Khalwale, who is also my friend - we have worked together for quite a number of years--- It was not meant to be personalized. view
• 17 Jul 2008 in National Assembly: I mentioned the name because that was the source of what I was commenting on, rather than anything else. view
• 17 Jul 2008 in National Assembly: So, Mr. Deputy Speaker, Sir, I am saying that the Government should be commended for having done a very good job; restoring a bank and making depositors and other people believe in the bank. That bank is now trading and it can earn this country a lot of money if it is privatized. It might, perhaps, earn this country more than the Kshs20 billion that was put in! Thank you, Mr. Deputy Speaker, Sir. view
• 17 Jul 2008 in National Assembly: Mr. Deputy Speaker, Sir--- view
• 17 Jul 2008 in National Assembly: Mr. Deputy Speaker, Sir, hon. Okemo seems to know very much about what happens where I sit, and he is discussing these matters. As far as I know, the restructuring of the bank has been completed. That is why I was able to confirm that the bank is trading and it is sound. So, that has been completed. If privatisation was to come, it will be announced, just as we did with Telkom Kenya and Safaricom. As I said, we are developing a policy which will be brought before this House on how to move forward with all those matters ... view
• 17 Jul 2008 in National Assembly: Mr. Deputy Speaker, Sir, on the dates, I was going to say that I was once a banker and I used to pursue those people. It was my duty to do so. Now, it all depends on whether the borrower has anything to be pursued for. You do not pursue the person. You pursue what he has! That is because that is what you want to recover to repay yourself! Now, if the guy has not got anything that you will pursue, it will take as long as it takes not to collect anything! view