Dr. Oburu Odinga

All parliamentary appearances

Entries 1451 to 1460 of 1615.

• 3 Dec 2008 in National Assembly: On a point of order, Mr. Temporary Deputy Speaker, Sir. While this Motion has been brought in very good faith, I would like to seek the guidance of the Chair on whether it is appropriate for the House to discuss a Motion which is asking the Government to introduce regulations against the law which actually repealed price controls. I just want your guidance because of the urgency and emergency of the present situation. It is a very good Motion in terms of the spirit of it. I am just wondering about the technicality of the Motion and not the spirit. view
• 3 Dec 2008 in National Assembly: On a point of order, Mr. Temporary Deputy Speaker, Sir. Is it in order for the Member to introduce a matter which was disposed of in his presence and he failed to ask supplementary questions on? He is now re-introducing it as if it also a matter under discussion. view
• 3 Dec 2008 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I explained that matter in detail this morning and gave the names of those who bought Corner House and at what price, which is the reserve price. The hon. Member was not in the House, therefore, I cannot help him. view
• 5 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. (a) Yes, I am aware that financial institutions in Kenya hold billions of shillings in unclaimed financial assets in the region of Kshs38 billion. 3270 PARLIAMENTARY DEBATES November 5, 2008 (b) Yes, I am further aware that widows, orphans and other dependants may have suffered due to lack of an appropriate mechanism to reclaim the funds. (c) In March, 2008, a task force was constituted to look into the issue and make approporiate recommendations. Its findings were discussed with stakeholders on 30th October, 2008, and I am, therefore, waiting for the final ... view
• 5 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, the amount which can be determined is the Kshs38 billion. However, this issue is so serious that it is the Ministry of Finance that drew the attention of the House to this fact during the Budget Speech. So, when the hon. Member was asking whether the Minister is aware, actually, it is the Minister who made the Member aware that there is a serious situation. A task force has been formed to look into this. They have already produced a preliminary report giving a breakdown of all the issues. That report will soon be laid on ... view
• 5 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, I do not understand the question! The Minister drew the attention of the House--- view
• 5 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, I have said that all the stakeholders were involved in a task force which was to look at the issue in depth and give recommendations on the way forward with regard to these funds, which have almost disappeared within the financial institutions. It is a grave matter which cannot be handled without proper investigation. view
• 5 Nov 2008 in National Assembly: Yes, Mr. Deputy Speaker, Sir. This is what the Minister said during the Budget Day:- "Institutions licensed under the Banking Act do, from time to time, accumulate funds or other financial assets which, for one reason or another, have not been claimed by their customers or depositors. The funds, or assets, finally remain with the institutions while the beneficiaries continue to suffer. In order to address these challenges, I have constituted a task force consisting of stakeholders in the financial sector to look into the matter with a view to establishing the magnitude of the unclaimed financial assets currently being ... view
• 5 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, I agree with the hon. Member that there is no formal mechanism to recover this money, and that is why the task force has been established to recommend relevant laws which will be brought before this House, so that formal institutions or mechanisms can be established in order to deal with this situation. That will come to the House very soon. The draft report is already here, but I am not tabling it because it is in draft form, but it will soon be brought here. The relevant laws to make this matter formal will be ... view
• 5 Nov 2008 in National Assembly: Mr. Deputy Speaker, Sir, these are unclaimed funds, which were deposited by investors in the financial institutions. So, the extent of investment in the DPF is not yet established. We do not know whether it is part of it. What we have established is that the actual deposits in those banks and financial institutions amount to Kshs38 billion. view