All parliamentary appearances
Entries 531 to 540 of 3030.
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11 Mar 2020 in Senate:
Thank you, Mr. Speaker, Sir, for giving me the opportunity to present a Petition on behalf of Moi University Savings and Credit Society (MUSCO). As I begin to do this Petition, I want to declare interest.
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11 Mar 2020 in Senate:
I joined Moi University in 1996 and for 22 years, I was a very active member of this society. Although I have not been active since I left in 2007, I think my shares are still lying somewhere. So, I can declare that I may be a member of this group.
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11 Mar 2020 in Senate:
The Petition before us concerns the liquidation of MUSCO. The members of MUSCO would like to draw the attention of the Senate to the following- (1) That MUSCO is an established Sacco. (2) That the Sacco began its operations in the year 1995 when the university began, making it 35 years old. The Sacco currently boasts of over 3,000 members in various institutions including Moi University, University of Eldoret, Maasai Mara University, University of Kabianga, University of Karatina, Bomet University College, among others, including those who are currently in Government. (3) That the Sacco purchased 0.14 acre leasehold property known ...
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11 Mar 2020 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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11 Mar 2020 in Senate:
(6) That MUSCO received an operating license in 2014 and got its renewal later from the Sacco Societies Regulatory Authority (SASRA) to operate as a deposit taking business. (7) That the establishment of SASRA as a strong regulatory framework instilled confidence that it would ensure members’ funds were very secure. (8) Further, that following the completion of the MUSCO Towers building, the Sacco began to experience liquidity problems. (9) That the problems were compounded by failure of Moi University to remit its members’ deductions from June 2015 to the time when the license was revoked. (10) SASRA sought to revoke ...
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11 Mar 2020 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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11 Mar 2020 in Senate:
Mr. Speaker, Sir, further that, the speedy deregistration and non-procedural appointment of liquidators cast doubt on the intentions of SASRA and the Commissioner of Cooperatives. Further that, the Cabinet Secretary (CS) failed to grant MUSCO a hearing concerning the decision to appeal the decision by SASRA to revoke the license pursuant to Section 69 of the Cooperatives Societies Act. Apart from the aforementioned letter to the CS, MUSCO has sought other interventions. Further, therefore, Senate should note that after the failed attempt to seek audience with the CS, MUSCO moved to court to apply for judicial review orders against the ...
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11 Mar 2020 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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11 Mar 2020 in Senate:
Finally, that none of these issues raised in this Petition is pending in any court of law, constitutional or any other legal body. Wherefore, your humble petitioners pray that the Senate- (i) Given the apparent non-procedural, unscrupulous and suspicious behaviour of SASRA, the Commissioner of Cooperatives and the CS, Ministry of Industry, Trade and Cooperatives, we would like to request the Senate to summon the aforementioned parties and grant us all hearing to resolve the clear failure by the former to perform their duties as state officers; (ii) To stop the auctioning of the building because it is a hurried ...
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10 Mar 2020 in Senate:
Thank you, Mr. Deputy Speaker, Sir, for giving me an opportunity, first, to congratulate Sen. Farhiya for tabling this timely Bill. Mr. Deputy Speaker, Sir, a country that is not accountable to itself and to its people cannot have a good foundation for growth. This Bill is bringing accountability to the fore of everything that we do. I really believe that this is what we require as a country. We have to account to one another just the way spouses can also account to each other and their children. Mr. Deputy Speaker, Sir, this is also very important because it ...
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