Dr. Oburu Odinga

All parliamentary appearances

Entries 1091 to 1100 of 1641.

• 14 Dec 2010 in National Assembly: Mr. Temporary Deputy Chairman, Sir, as a Ministry, we are ready. I do not know how long they will take. I understand that the Committee Members of the Departmental Committee on Justice and Legal Affairs are in a meeting. view
• 11 Nov 2010 in National Assembly: Mr. Speaker, Sir, I beg to reply. (a) According to the Report of the Task Force on Unclaimed Financial Assets of November, 2008, surveyed institutions in the banking, capital markets and insurance sectors reported total unclaimed assets of Kshs9.1 billion, which was far below the originally estimated Kshs38 billion. For the reported total unclaimed assets, banks held Kshs7.4 billion or 81 per cent. Of this amount, Kshs4.1 billion, or 56 per cent, was held for less than two years, while only 44 per cent was held for more than two years by the banks. Even then, the amount held for ... view
• 11 Nov 2010 in National Assembly: Mr. Speaker, Sir, the report which I have just tabled here had four options which were given as options for the Ministry to consider. Of these options, one of them was to establish a regulatory authority which they thought was the best option as far as the task force was concerned. However, establishment of a new regulatory authority will involve expenses which in the view of the Ministry at the moment, is not viable. It is, therefore, a decision of the Ministry that we shall urge the regulatory authority to introduce regulations which will make it tighter for those who ... view
• 11 Nov 2010 in National Assembly: Mr. Speaker, Sir, in the report which I have just tabled, each case of all the countries which have regulations dealing with unclaimed assets has been tabulated. The type of regulatory authorities they have put in place, are also tabulated. We have analysed all that. We are urging our current regulatory authorities that, to tighten their own regulations other than creating a new institution is the best option for us. We have considered all those facts and they are in the report. view
• 11 Nov 2010 in National Assembly: Mr. Speaker, Sir, as I stated before, we have urged all the regulatory authorities, including the CBK, to tighten their regulations, so that they can trace these unclaimed assets and get them re-united with their rightful owners. We have done so. view
• 11 Nov 2010 in National Assembly: Mr. Speaker, Sir, I have not said they do not have the authority and that they are not doing so. We have urged them to tighten the regulations, so that we have less of these unclaimed assets remaining enjoined with their rightful claimants. view
• 11 Nov 2010 in National Assembly: Mr. Speaker, Sir, through regulations, we are able to compel the institutions which have been dishonest. Actually, there are quite a number of them who are very reluctant to report unclaimed assets. We are tightening the regulations to make sure that we catch up with them. view
• 14 Oct 2010 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. view
• 14 Oct 2010 in National Assembly: (a) On average, it takes three days to transfer ownership of a motor vehicle from one person to another after all necessary fees have been paid. view
• 14 Oct 2010 in National Assembly: (b) Measures that have been put in place to speed up the transfer of ownership process include automation of the Road Transport Department, which has enabled easy retrieval of motor vehicle files and records and development of Road Transport Service Delivery Charter, which spells out the expected service standards in the provision of services to the general public. view