Dr. Oburu Odinga

All parliamentary appearances

Entries 1451 to 1460 of 1641.

• 10 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, unless there are clarifications to be sought, I want to end there in order to save time. view
• 3 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, the banks are likely to lose the Kshs7.6 billion. Measures have been taken to ensure that the assets of M/s Triton are seized. Already, they have been seized. They have been placed under receivership by the Kenya Commercial Bank (KCB). The assets have already been seized by the KPC. That will mitigate the losses. They might not recover the full amount. Negotiations are going on with the financiers to cushion them against further losses. view
• 3 Feb 2009 in National Assembly: The most serious side is, of course, the confidence issue. This is because it is not only Triton which is enjoined in this collateral arrangement. The collateral arrangement is between many other locally based firms which need that facility in order to continue importing oil. The Government is doing everything possible to ensure that confidence in that collateral system is restored and maintained. view
• 3 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, the whole saga could not have happened if there was no conspiracy between the employees of the bank, the employees of the KPC and the businessman himself. So, definitely, there was conspiracy. This does not mean that the bank, as an institution, was involved. But the bank has a right to investigate. If, internally, it finds anybody culpable, it deals with him. I am not aware of any managers who have been sacked by the banks. view
• 3 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, I am not aware that the Government lost Kshs2.5 billion in this scam. However, as to how the fuel--- view
• 3 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, the fuel was funded and it might have left the custody of the KPC without following the proper procedure. The proper procedure is that the banks who finance imports give letters of "no objection" before the fuel is released to the Customs Department. The customers managed to convince some employees of the KPC to release this product to them without getting the necessary authority from the banks. view
• 3 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, once the fuel comes into the custody of Kenya Pipeline Company (KPC), the duties are paid upfront. Fe bruary 3, 2009 PARLIAMENTAR Y DEBATES view
• 3 Feb 2009 in National Assembly: No, Mr. Deputy Speaker, Sir, I am not misleading the House. If the hon. Member has any evidence that duties were actually not paid, then let him table that evidence. view
• 3 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, as we speak now, the banking sector has not lost confidence in the collateral financing arrangement with KPC. We are praying that they should not. We are talking to them to assure them that, that was an incident and not a practice. It was an incident which was committed once and it would never be repeated again. As it is, many other companies are still enjoying the collateral financing arrangement with the banks and the system has not been interfered with. view
• 3 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, that is a different Question altogether--- view