All parliamentary appearances
Entries 91 to 100 of 291.
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18 May 2011 in National Assembly:
Mr. Deputy Speaker, Sir, when annual general meetings are held members of the SACCO should pay attention to what is going on in their co-operative. We do not gauge their independence. However, before we reviewed the Co-operatives Act in 2004, and that is where I began, there was a lot of mismanagement in the co-operative movement. The coming in of SASRA has given the Ministry power to see what is happening in the co-operative sector. I think I have answered my colleague from Vihiga.
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18 May 2011 in National Assembly:
Mr. Deputy Speaker, Sir, it is true and is the common practice that when a member leaves a SACCO, he is paid his dues. However, this is subject to availability of funds. As I stated earlier, members take more than they have contributed. In the case of Ulinzi SACCO, there was a massive retrenchment in 1994. Members contribute minimal amounts but take out more. As I stated earlier, the Ministry of Co-operative Development and Marketing has appointed a liquidator and by May next year, the members of the Ulinzi SACCO will be refunded their money.
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18 May 2011 in National Assembly:
Mr. Deputy Speaker, Sir, I am not aware of people who took loans without guarantors. But definitely there is a problem at the Ulinzi SACCO which started way back in 1997 when there was misappropriation of about Kshs37 million. They did not manage to surcharge the managers because something terrible happened that in 1997, they died one by one. So, there was nobody to surcharge. As I speak, we know that Ulinzi SACCO lost about Kshs37 million. In 1999, an inquiry was conducted by the society and there is a backlog of about Kshs40 million against a monthly share contribution ...
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18 May 2011 in National Assembly:
Mr. Deputy Speaker, Sir, the liquidation process takes one year and it will be May next year. The liquidator who has been appointed, Mr. Mwangi Maina, will have to draw up a list of all the members of Ulinzi SACCO. When we say that a SACCO is under liquidation, it means that it is no longer viable to exist. We only have 400 members and the earliest this exercise will be completed will be May, next year. Maybe the hon. Member could call for fundraising for this man so that he and others could assist him.
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18 May 2011 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, I want to thank this Committee for being very active for Kenyans. From where I sit, the Ministry of Co-operative Development and Marketing and the co-operative movement have so much money, a lot of resources. I would beg this House on the issue of privatization to consider the co-operators of this
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18 May 2011 in National Assembly:
country. The co-operators can actually be the investors. You do not need to go out. We need to believe in ourselves. We need to believe that we are the ones to bring change in this country. Therefore, the co-operative movement will be more than ready to buy the shares or to be the other arm of private investors. Finally, I would call on the communities in the sugar belt area to grow sugar-cane in co-operatives, and sell it as co-operatives, so that they are not exploited. They can do away with the issue of being out-growers to multinationals. Let them ...
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11 May 2011 in National Assembly:
Mr. Speaker, Sir, I beg to reply. (a) As directed by yourself last Thursday, 5th may, 2011, I wish to confirm that Mr. Ludofick Ondiek Ofunya was paid Kshs31,712 being refund of his shares from Ufundi SACCO through cheque No.00303 dated 28th March, 2011. Subsequent to the Question on that day, they have deposited the money in his account and I wish to table the cheque number plus the deposit slip to his account.
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11 May 2011 in National Assembly:
Mr. Speaker, Sir, in response to his earlier concerns, between 28th March and 6th May, there could have been transactions of picking the cheque and subsequent depositing it.
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11 May 2011 in National Assembly:
Thank you, Mr. Speaker, Sir, for your direction. I beg to reply. (b) I wish to inform this House that my Ministry has been working closely with the management committee of Ufundi SACCO in the management of refunds to members without destabilizing the operations and the stability of the SACCO. This is being done in conformity with the Co-operatives Societies Act, rules and the by-laws. For this reason, the SACO, with the guidance of my Ministry has since 1999 been able to issue refunds to the tune of Kshs100 million. In addition, the establishment of the SACCO Societies Regulatory Authority ...
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11 May 2011 in National Assembly:
Mr. Speaker, Sir, it is common knowledge to all of us that Ufundi SACCO suffered during the 1998 Bomb Blast and their building was destroyed. The American Embassy was---
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