Dr. Oburu Odinga

All parliamentary appearances

Entries 1491 to 1500 of 1615.

• 10 Jun 2008 in National Assembly: Mr. Speaker, Sir, I am sorry, I am giving Notice of the Motion, but not moving it. view
• 10 Jun 2008 in National Assembly: Mr. Speaker, Sir, this Ministerial Statement is in respect of Safaricom Limited. It is in respect to a point of order raised by the Member for Gwassi about the impropriety of the prospectus. view
• 10 Jun 2008 in National Assembly: Mr. Deputy Speaker, Sir, the issues I am responding to are not in respect of the details which the hon. Member is investigating. We are simply responding to the issue of the prospectus and whether they were properly issued or not. So, Mr. Deputy Speaker, Sir, I do not think that the--- view
• 10 Jun 2008 in National Assembly: Yes, it is not going to interfere. Mr. Deputy Speaker, Sir, I wish to respond as follows: On the issue of the statement that the Capital Markets Authority (CMA) allowed Safaricom Limited to issue two sets of June 10, 2008 PARLIAMENTARY DEBATES 1101 prospectuses, the CMA approved only one prospectus for the Safaricom Initial Public Offering (IPO), being the prospectus dated 14th March, 2008. That prospectus was approved pursuant to Regulation 262 of the CMA Securities Public Offers Listing and Disclosures Regulations, 2002, upon the satisfaction of the Authority that the form and content of the prospectus was in compliance ... view
• 10 Jun 2008 in National Assembly: Mr. Deputy Speaker, Sir, unless the hon. Member can prove that allegation--- I have stated that the signatures and the accounts were attached to the prospectus. Mr. Deputy Speaker, Sir, on the issue why there was another prospectus, it is because the other one was an addendum. An addendum is--- Just like when we make laws here, there are other regulations which come after. That was an addendum which was supposed to be part of the prospectus which was published on 14th of March, 2008. When it came later, it was published as a separate document. But, later, on the ... view
• 10 Jun 2008 in National Assembly: Mr. Deputy Speaker, Sir, as I said in the beginning, the clarification which was sought by the hon. Member on this particular issue was in respect of the prospectus; why there were two prospectuses. I have stated clearly that there were actually no two prospectuses. Mr. Deputy Speaker, Sir, on the issue of the revelations, Safaricom IPO has already taken place. Those issues ought to have been raised at the time this Safaricom rights issue was being sorted out. view
• 10 Jun 2008 in National Assembly: Mr. Deputy Speaker, Sir, I am not confirming that because I am not aware of that particular omission. If the hon. Member has any June 10, 2008 PARLIAMENTARY DEBATES 1103 proof that there was any omission to the extent of Kshs68 billion not being revealed, then he can inform the House. I am not aware of this material omission in the financial statement. view
• 10 Jun 2008 in National Assembly: Mr. Deputy Speaker, Sir, with regard to the PIC Report, I was a Member of Parliament here and I never saw that Report being tabled here in the House. If that was done, I really do not know whether that was a document from Parliament or just an inquiry from the PIC to the then Minister for Finance. They did not act because there were very many objections including court cases in relation to this particular case. However, because there was no conclusion in the courts, the Ministry decided to go ahead with the sale of the shares. view
• 10 Jun 2008 in National Assembly: Mr. Deputy Speaker, Sir, I said that I do not have any information on that. view
• 10 Jun 2008 in National Assembly: Mr. Deputy Speaker, Sir, the winning or losing of bids is just being finalised. We do not as yet have the information which the hon. Member seems to be having that these people have already won that percentage in the shareholding. I cannot really confirm because that thing is just being finalised right now. I do not know what his source is. view