23 Aug 2012 in National Assembly:
Mr. Deputy Speaker, Sir, I am glad that these questions have been asked. This confirms my position when I was asked to reveal the identity of the banks that had been fined. I said that banking is a business which thrives on confidence. If depositors lose confidence in a bank, it will go down. It does not matter how big or small a bank is. Loss of confidence in a bank can result from bad publicity. In fact, most banks have gone under because of bad publicity. Depositors tend to take bad information to be correct. So, they go to ...
view
23 Aug 2012 in National Assembly:
Mr. Deputy Speaker, Sir, again I want to report that Kenya is a sovereign country. We do not take instructions from any power. If the bank was closed by the former American ambassador, we now have a new ambassador who should have opened the bank. However, I can say that the bank was put under statutory management to protect the depositors.
view
23 Aug 2012 in National Assembly:
Mr. Deputy Speaker, Sir, again I want to report that Kenya is a sovereign country. We do not take instructions from any power. If the bank was closed by the former American ambassador, we now have a new ambassador who should have opened the bank. However, I can say that the bank was put under statutory management to protect the depositors.
view
23 Aug 2012 in National Assembly:
Mr. Deputy Speaker, Sir, again I want to report that Kenya is a sovereign country. We do not take instructions from any power. If the bank was closed by the former American ambassador, we now have a new ambassador who should have opened the bank. However, I can say that the bank was put under statutory management to protect the depositors.
view
23 Aug 2012 in National Assembly:
Thank you, Mr. Deputy Speaker, Sir. We will try to get to the source of that bad publicity. That is because, clearly, there was somebody who was manipulating the Press. We tried to get the source and the people from the media said that they could not disclose the source. They refused to disclose the source of that information. But you can see it was more of a concerted effort to bring bad publicity on that bank. I feel for the depositors. I have met a few of them and I have heard their cries. Some have explained how their ...
view
23 Aug 2012 in National Assembly:
Thank you, Mr. Deputy Speaker, Sir. We will try to get to the source of that bad publicity. That is because, clearly, there was somebody who was manipulating the Press. We tried to get the source and the people from the media said that they could not disclose the source. They refused to disclose the source of that information. But you can see it was more of a concerted effort to bring bad publicity on that bank. I feel for the depositors. I have met a few of them and I have heard their cries. Some have explained how their ...
view
23 Aug 2012 in National Assembly:
Thank you, Mr. Deputy Speaker, Sir. We will try to get to the source of that bad publicity. That is because, clearly, there was somebody who was manipulating the Press. We tried to get the source and the people from the media said that they could not disclose the source. They refused to disclose the source of that information. But you can see it was more of a concerted effort to bring bad publicity on that bank. I feel for the depositors. I have met a few of them and I have heard their cries. Some have explained how their ...
view
23 Aug 2012 in National Assembly:
Mr. Deputy Speaker, Sir, it is true that we require your guidance, but I just wanted to clarify one or two things. Kenya is a sovereign country. We do not have foreign masters. This Government is a Government that follows the rule of law. We will follow the court orders and we have been advised so by none other than the Attorney- General himself. So, the Government must implement court orders. We have no intention of disobeying any court order. As you can see, my eyes are not shedding any crocodile tears; I am genuine. I am feeling for the ...
view
23 Aug 2012 in National Assembly:
Mr. Deputy Speaker, Sir, it is true that we require your guidance, but I just wanted to clarify one or two things. Kenya is a sovereign country. We do not have foreign masters. This Government is a Government that follows the rule of law. We will follow the court orders and we have been advised so by none other than the Attorney- General himself. So, the Government must implement court orders. We have no intention of disobeying any court order. As you can see, my eyes are not shedding any crocodile tears; I am genuine. I am feeling for the ...
view
23 Aug 2012 in National Assembly:
Mr. Deputy Speaker, Sir, it is true that we require your guidance, but I just wanted to clarify one or two things. Kenya is a sovereign country. We do not have foreign masters. This Government is a Government that follows the rule of law. We will follow the court orders and we have been advised so by none other than the Attorney- General himself. So, the Government must implement court orders. We have no intention of disobeying any court order. As you can see, my eyes are not shedding any crocodile tears; I am genuine. I am feeling for the ...
view