John Michael Njenga Mututho

All parliamentary appearances

Entries 541 to 550 of 1647.

• 6 Dec 2011 in National Assembly: I want to remind the Members present that it is one thing to sit here and pass laws and another thing altogether when you are a Member for Naivasha seeing a morgue that is congested by people who have been killed by chemicals. You are seated there contributing every day and weekend to tens of people who are dying because of cases that could be managed and they work. view
• 6 Dec 2011 in National Assembly: Madam Temporary Deputy Speaker, talk of the economy. What counts more than Article 1 of our Constitution? We represent the people and their view should be respected. Of course, in this proviso out here there are collective bargaining agreements which have been in force for quite a while, but if you look at the scene--- I have been on it from 2003 and I have seen a Member from the Executive, and may God rest his soul in eternal peace, coming to mismanage the whole thing. The people are left high and dry with no pay. Kenya is good and ... view
• 1 Dec 2011 in National Assembly: Madam Temporary Deputy Speaker, I rise to support the Bill. view
• 1 Dec 2011 in National Assembly: Supporting the Bill brings to mind some of those dark memories of the 1980s and as recently as the 1990s, when depositors lost huge chunks of their money in banks that went under. I must say that I was one such victim. In one of those banks which went under, I lost Kshs21 million, only to be told that I was entitled to be paid only Kshs100,000. It does not matter now. It happened. The way forward is the route we have taken, so that all deposits are properly protected through a viable insurance scheme. view
• 1 Dec 2011 in National Assembly: I would urge the Minister, at this juncture, to look at other possibilities too like covering our own Retirement Benefits Authority (RBA), the NHIF and the NSSF, so that instead of the Government spending hours and days negotiating with the World Bank and other international institutions or other countries, it can also borrow from our local institutions because the Government of Kenya will always be there. It may be the form of Government that we have today or other future governments; the truth is that the Government of Kenya will always be there. After incorporating this insurance scheme with deposits ... view
• 1 Dec 2011 in National Assembly: Madam Temporary Deputy Speaker, caution would, however, be on the cost of this insurance. It is also good to do an economic evaluation to see whether when we insure the deposits, in the long run, it will be an open valve for the erosion of the value of the said funds. So, I would persuade the Minister to look into minimizing the risk in licensing such deposit collectors; he should also look at new ones, particularly the ones that are coming in now. The M-PESA facility and others are likely to hold huge amounts of money. Insuring those kinds of ... view
• 1 Dec 2011 in National Assembly: Madam Temporary Deputy Speaker, this Bill is long overdue. It should be supported. However, we need its fine-tuning, and we propose to undertake it during the Committee Stage, so that it does not become an impediment to good deposits management and discourage possible investors in our institutions. view
• 1 Dec 2011 in National Assembly: In conclusion, Madam Temporary Deputy Speaker, I want us to also look at the possibilities of empowering this new body to look and tie this insurance scheme with other very established insurances around the world that can be able to absorb huge losses in case and if it did happen. It can happen. Even the very best banks can land into the kind of problems that we saw the other day with one of the biggest and oldest newspapers in the world because of a very ridiculous kind of event where they were tapping people’s phones and then they had ... view
• 1 Dec 2011 in National Assembly: Madam Temporary Deputy Speaker, I beg to support. view
• 1 Dec 2011 in National Assembly: Madam Temporary Deputy Speaker, I rise to support this Bill and thank hon. Odhiambo- Mabona for such a thoughtful piece of Bill. In saying this, I would persuade her to look at the transitional clauses so that we give a clear timeframe not exceeding nine months because we believe that some of the treaties that are in force now might be some that originated during the colonial days. For some of them, the content, style and the spirit under which they were designed may not necessarily be in harmony with the new thinking in Kenya. In doing this Bill, I ... view