15 May 2012 in National Assembly:
We have no political banks. All banks are licensed by the Central Bank of Kenya (CBK). So, we have no political banks. Again, Section 31(2) of the Banking Act says: “The Minister may”
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15 May 2012 in National Assembly:
How can I refuse information from the gracious lady?
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15 May 2012 in National Assembly:
Mr. Deputy Speaker, Sir, first of all, I would like to say that when we use the word “person” you also have bodies that are also legal persons. So, the legal person there includes also the banks.
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15 May 2012 in National Assembly:
Mr. Deputy Speaker, Sir, as I am saying, I have no problems with circulating the list of the violations. In fact, that has been done before. It is when you say that this bank violated this and this. What we might do without knowing is actually to cause a crisis in the bank. Under my watch, that is the last thing I would want; to cause any financial crisis in the banking system. Then, thirdly, you cannot disclose the bank and the violation without disclosing the financial affairs of that person. As I said, it happened to one bank. We ...
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15 May 2012 in National Assembly:
Mr. Deputy Speaker, Sir, I believe not all information can be given. For example, if today the police was investigating you, surely, they will not tell you that they are investigating you. It will defeat the same purpose even if it is provided for in the Constitution. So, we need to look at what---
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15 May 2012 in National Assembly:
Mr. Deputy Speaker, Sir, if you look at what the public institutions have been doing in compliance with that article--- For example, if you take the Ethics and Anti-Corruption Commission (EACC) when they give their summary, they do not give the name of the person who was investigated. They say: “There were accusations against this person and that person” without giving names. The same case applies to the Central Bank of Kenya (CBK) when it is giving its own summary, it says: “So many banks violated such and such a section of the Constitution.”
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15 May 2012 in National Assembly:
Mr. Deputy Speaker, Sir, we might cause a crisis where there is no crisis. I know the issue is before this House because it has been brought to my attention. I am trying to sort out the issue that led to that bad publicity that led to the closure of that bank.
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15 May 2012 in National Assembly:
Mr. Deputy Speaker, Sir, I thank you for that ruling and guidance.
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15 May 2012 in National Assembly:
Mr. Deputy Speaker, Sir, as I said, I have no problem, but could I do it in camera on Wednesday?
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15 May 2012 in National Assembly:
Mr. Deputy Speaker, Sir, on Thursday, 21st April, 2011, the Member of Parliament for Gwasi, hon. Mbadi, sought a Ministerial Statement on the Tax Account at the Treasury. In particular, he wanted explanation made to the House on the following:- (i) whether our Tax Account, and especially the revenue rates are properly kept; (ii) the number of revenue statements that were certified by the Controller and Auditor-General for the financial years 2007/2008 and 2008/2009; (iii) the actual receipts of revenue for the financial years 2007/2008 and 2008/2009 in respect of various Budgetary Heads, including Mining, Profits and Dividends, Fines and ...
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