Dr. Oburu Odinga

All parliamentary appearances

Entries 761 to 770 of 1650.

• 27 Oct 2011 in National Assembly: Madam Temporary Deputy Speaker, I want to take this opportunity to thank all hon. Members who have contributed to this very important Bill. All the points that they have raised are very relevant and are meant to improve on the Bill. I am here with my officers who have been keenly taking notes. When we come to the Committee Stage, we will take into consideration some of the views that have been expressed. Prof. Kaloki raised the issue on Clause 12(2) about the punishment and proposed some enhancements. view
• 27 Oct 2011 in National Assembly: Madam Temporary Deputy Speaker, that is something that we will look at positively because it is meant to strengthen the Bill. We will consider it when we are presenting the Bill at that time. He also raised the issues about the EAC which are important. We want to be a financial hub and that is one of the objectives of this Bill and to improve the situation so that investors feel safe when they come to invest in our country. The points raised by hon. Njuguna were the same. He also raised the same issue you raised about punishment and ... view
• 27 Oct 2011 in National Assembly: ( Question put and agreed to) view
• 18 Oct 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, just as the Minister has expounded on the need to strengthen our capital markets, these two Bills - the one which has just been passed and this second one – are meant to deepen our capital markets in order to expand our economy. Mr. Temporary Deputy Speaker, Sir, our interests as a country is to attract investments, and in order to attract investments, the Government has a duty to create a conducive atmosphere; this can only be created by improving our laws and tightening some of the things, like in the Central Depository system, if ... view
• 18 Oct 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, with those few words, I beg to second the Second Reading of this Bill. view
• 11 Oct 2011 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. (a) I am aware of reports made to CBK regarding unlawful activities by Ms. Yugeri Insurance Brokers Limited. (b) Ms. Yugeri Insurance Brokers Limited has not been authorized by the CBK to engage in the business of encashment of cheques. (c) Save for duly licenced commercial banks, the CBK has not approved any organization to discount and encash cheques in Kisumu District or anywhere else in the Republic of Kenya. view
• 11 Oct 2011 in National Assembly: Mr. Deputy Speaker, Sir, Mr. Shakeel reported this matter to the CBK and it ordered investigations by the Fraud Investigation Department of the bank. As a result, the culprit who owns the insurance brokerage, Mr. A.D. Okulo Okoth, was arrested and arraigned in court. The police file is No.627/669/10 and the court file number is 581/20/10 which is still pending in court. So, action has been taken! view
• 11 Oct 2011 in National Assembly: Mr. Deputy Speaker, Sir, as I said, the CBK was investigating both Ms. Yugeri Insurance Brokers Ltd and the people who were encashing the cheques. The investigations found out that it is one Mr. Okoth who was culpable and he has been arraigned in court. Ms. Yugeri Brokerage is also being investigated by the Insurance Regulatory Authority (IRA) and up to now, they have not been given a licence even to operate the brokerage because of involving themselves in activities which are not part of what they are licensed to do. view
• 11 Oct 2011 in National Assembly: Mr. Deputy Speaker, Sir, the investigations in that case are at a very advanced stage and, as soon as they are concluded, the right people will be taken to court and prosecuted. view
• 11 Oct 2011 in National Assembly: Mr. Deputy Speaker, Sir, I just want to repeat. I have said that the investigations are at an advanced stage and, as soon as they are concluded, that man will be arraigned in court. view