12 Sep 2012 in National Assembly:
are not cheated. In my view, there is no substitute for breast milk. Hon. Members will remember that when we were young, there was no substitute for breast milk. Afterwards, Farex came---
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12 Sep 2012 in National Assembly:
Mr. Deputy Speaker, Sir, this is, indeed, the august House, discussing a very important Bill. I was saying that at the time some of us were born, there were no substitutes for breast milk. Your mother had to breastfeed you. If for some reasons she was unable to do so, it was possible to get a substitute mother to breastfeed you. You would not be fed on any other milk. That was our traditional way of doing things. Thereafter, formula for babies came. Mr. Deputy Speaker, Sir, I do not know who came up with the idea that if you ...
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12 Sep 2012 in National Assembly:
Mr. Deputy Speaker, Sir, I beg to move that The Capital Markets (Amendment) Bill be now read a Second Time. The Government has continued to support the development of capital markets, particularly by enhancing the policy and regulatory framework. These reforms have been instrumental in widening the scope of issues and investors in the market. As a result, we
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12 Sep 2012 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, I wish to thank hon. Members for their support. These are really simple amendments. What we want to do is to empower the capital markets to be able to request for information on condition that that country also approves or accepts our request. I would like to assure the entire country that under my watch there is no public company that will go under liquidation. I want to assure this House that under my watch no broker will defraud Kenyans. We want to encourage Kenyans to start investing in the capital market. Let us not ...
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12 Sep 2012 in National Assembly:
Thank you, Mr. Temporary Deputy Speaker, Sir. This is a very important Bill. I second.
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11 Sep 2012 in National Assembly:
Mr. Deputy Speaker, Sir, I beg to reply. (a) I am not in a position to confirm whether one Peter Odhiambo, ID No.0461987, a former Internal Auditor at Charterhouse Bank Limited, disclosed information on the depositors’ accounts to KRA without their consent for a reward. (b) In view of my response to part (a) of the Question, parts (b) and (c) do not arise.
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11 Sep 2012 in National Assembly:
Mr. Deputy Speaker, Sir, the reason why I am not in a position to confirm is because those are just allegations by Mr. George Odhiambo. He alleged that while he was working at Charterhouse Bank, he noticed that several accounts were being operated in violation of the Income Tax Act and the Kenya Anti-Corruption and Economic Crimes Act, Central Bank of Kenya Banking Act and the Prudential Regulations by banks. Those are just allegations. He is the one who said that. When we went to the Kenya Revenue Authority (KRA), they said that the information they received was not from ...
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11 Sep 2012 in National Assembly:
Mr. Deputy Speaker, Sir, the KRA has said that it has not received any information from him. Those are just allegations. To shock this House further, he has gone ahead and sued the Kenya Government, the KRA and many Government officials claiming almost Kshs2 billion that he should have been paid for whistle-blowing. That is in America. That is not even a commercial transaction. We are defending that suit. He is claiming the money in dollars. That is very serious. So, those are just allegations that he made.
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11 Sep 2012 in National Assembly:
Mr. Deputy Speaker, Sir, what I am saying is this: That fellow has sued the Kenya Government in the United States of America (USA).
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11 Sep 2012 in National Assembly:
Mr. Deputy Speaker, Sir, coming to that specific reference of Kshs 200,000--- First of all, it is Kshs200,000 and not US$200,000. When we looked at the payment voucher, it was made in the name of J. Nduati for onward transmission to an informer. But that informer - and Mr. Nduati swears that it is not that fellow called Odhiambo. It is another informer. So, what I am saying is this: He is claiming over Kshs2 billion on the basis that he gave the KRA information. There are only two cases were Mr. Odhiambo gave information to the KRA. In one ...
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