21 Feb 2019 in National Assembly:
The financial system of our country is in problems. Parliament in its own wisdom wanted to provide means and ways of streamlining operations in form of having regulations being done by the regulators after which, they are brought to this House so that we can scrutinise them through the relevant Committees and pass them. What the Central Bank of Kenya (CBK) Governor is doing in the financial sector is unacceptable and illegal. You cannot just wake up… Even you Hon. Speaker, as you run this House, you do so in accordance with the Constitution and the Standing Orders.
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21 Feb 2019 in National Assembly:
When you see some of us stepping out of the Standing Orders, you remind us to follow them. For example, you say “Hon. Junet, follow the Standing Orders.” If we do not adhere to the rules and follow regulations and the Constitution, then we are going to become a failed society. You cannot wake up one morning and do illegalities in the form of a circular to different financial institutions telling them they cannot do this or that. Things which are contrary to the laws passed in this House and no regulations have been brought to address those issues.
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21 Feb 2019 in National Assembly:
When you see some of us stepping out of the Standing Orders, you remind us to follow them. For example, you say “Hon. Junet, follow the Standing Orders.” If we do not adhere to the rules and follow regulations and the Constitution, then we are going to become a failed society. You cannot wake up one morning and do illegalities in the form of a circular to different financial institutions telling them they cannot do this or that. Things which are contrary to the laws passed in this House and no regulations have been brought to address those issues.
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21 Feb 2019 in National Assembly:
If we do not address ourselves as legislators to those issues, then we will have failed the people of this country. When I speak here, I speak under Article 1. The sovereignty belongs to the people, but they delegated it to me. The people of Suna East gave me the delegation to speak on their behalf to exercise their mandate and sovereignty. The CBK Governor is not above the law. He is an employee of the Kenyan people. We have requested him to appear before this House through the relevant Committees for more than 10 times. Every time he gives ...
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21 Feb 2019 in National Assembly:
If we do not address ourselves as legislators to those issues, then we will have failed the people of this country. When I speak here, I speak under Article 1. The sovereignty belongs to the people, but they delegated it to me. The people of Suna East gave me the delegation to speak on their behalf to exercise their mandate and sovereignty. The CBK Governor is not above the law. He is an employee of the Kenyan people. We have requested him to appear before this House through the relevant Committees for more than 10 times. Every time he gives ...
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21 Feb 2019 in National Assembly:
If the CBK is not governed within the laws of the country, then we need to be informed. This is because the Constitution is very clear. Oversight is our mandate and we can oversee any State organ. The CBK is one of the State organs that operate in this country. If you do not want to be overseen, then you need to suspend the provisions of the Constitution that states that the CBK must be overseen by Parliament.
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21 Feb 2019 in National Assembly:
If the CBK is not governed within the laws of the country, then we need to be informed. This is because the Constitution is very clear. Oversight is our mandate and we can oversee any State organ. The CBK is one of the State organs that operate in this country. If you do not want to be overseen, then you need to suspend the provisions of the Constitution that states that the CBK must be overseen by Parliament.
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21 Feb 2019 in National Assembly:
To conclude my submission, there are circulars the CBK Governor has issued to different financial institutions. I am not speaking because they are affecting me but, because they are stifling the conduct of business in our country. This is strangling the economy. We are now fighting corruption. We want to know where people are keeping their money because they cannot take it to the banks. If you want to know somebody who has stolen, just go to his home and you will find money under the pillow and mattress. That is because the CBK Governor has made it impossible for ...
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21 Feb 2019 in National Assembly:
To conclude my submission, there are circulars the CBK Governor has issued to different financial institutions. I am not speaking because they are affecting me but, because they are stifling the conduct of business in our country. This is strangling the economy. We are now fighting corruption. We want to know where people are keeping their money because they cannot take it to the banks. If you want to know somebody who has stolen, just go to his home and you will find money under the pillow and mattress. That is because the CBK Governor has made it impossible for ...
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21 Feb 2019 in National Assembly:
That is because if you take more than Kshs1 million, you will be asked where you got it from. That is the right thing to do, but he should not make it so difficult for genuine people, who are doing genuine business. The mama mbogas of this country and the Jua kali people who are toiling their sweat, he should not make life difficult for them. The CBK Governor has literally turned banks into documentation bureaus or police stations. You go to the bank and you are asked for various documents. For example, where is your birth certificate, grandfather’s, sister’s ...
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