4 May 2016 in National Assembly:
Hon. Temporary Deputy Chairlady, I find it very difficult to understand why my very good friend, Hon. Mlolwa, is bringing these amendments. He has been given a chance to explain to us the basis of his amendments but he is not saying anything. When he says that we should not bring laws that are political, what has that got to do with his amendment? The position is that the amendments that have been brought here by this law are in good order. They are tidying up issues of disputes, fraud and appeals. What does that have to do with politics? ...
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21 Apr 2016 in National Assembly:
I also rise to oppose. A reading of Article 27 of the Constitution is very clear. It says that equality includes the full and equal enjoyment of all rights and fundamental freedoms. Women and men have the right to equal treatment including the right to equal opportunities in political and economic culture. This Bill is actually unconstitutional. Two, in situations where an aspirant who is a woman has more money than the man, how is that going to be dealt with? I oppose.
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21 Apr 2016 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker and the Vice-Chair. I rise to also support this Bill. Perhaps, it is the high time we looked at the Public Finance Management Act to see whether we can provide for reconsideration of budgets in situations where organisations fail to absorb money allocated to them. We can take care of this issue in the next Budget. I also feel concerned about the judges who are extending their terms. It is high time we came up with another tribunal that will tackle issues that affect judges themselves. If a judge is dealing with an issue ...
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19 Apr 2016 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. With regard to the first proposed amendment, in law, the term “a person” incorporates both a natural person as well as a corporate body. Whether or not you insert the word “body”, even a company can be found to have committed an offence. Secondly, and I hope the Members are going to listen to this, it is important for people to understand what the amendment proposed to delete Clauses 42 (1) (d), (g) and (h) means. How would you criminalise conduct such as the one in Clause 42 (1)(d) which states: “A person or ...
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19 Apr 2016 in National Assembly:
that becomes a criminal offence. An offence must be very specific. I urge Members to support this amendment. Clause 42(1)(h) is not being deleted. The Vice Chairlady should have indicated that it has been put elsewhere. We felt that violating the rules of confidentiality should not attract a mere penalty of Kshs100,000. Further in the Clause, you will find that it attracts a penalty of about Kshs1 million. It is not being deleted. We felt that it did not fit there. The other amendments were clearing up the issue of the buyer. We removed the issue of the buyer being ...
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19 Apr 2016 in National Assembly:
Finally, Hon. Temporary Deputy Chairman, if you put in place a minimum penalty of Kshs3 million and a person is found with just a small amount of drugs and may not have intended to trade in those drugs, that person should not be fined Kshs1 million. It should be left to the discretion of the court to go by the gravity of the offence. I support all these amendments.
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13 Apr 2016 in National Assembly:
Thank you, Hon. Deputy Speaker. I rise to support this Bill. Like my colleagues, I congratulate my colleague Hon. Jude Njomo for being bold enough to come up with this proposal. I wish to start by saying that not all banks are rogue. It is good for Kenyans to know that we have had a very good history with some banks. We, therefore, need not condemn all banks as a whole. Having said that, it is now clear that we have banks that are run, owned and managed by fraudsters. It is high time we came up with the necessary ...
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13 Apr 2016 in National Assembly:
implication is that it is difficult. The National Assembly must come up with a law that helps the borrower. We must make the whole system and process simple. We must ensure that there are no hidden charges. The bank must charge a certain interest rate. I am aware of instances where somebody borrowed Kshs70,000 but at one time the bill was about Kshs5 million. That is Kshs70,000 to Kshs5 million. It is not logical and it does not make sense at all. So, I support this Bill.
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13 Apr 2016 in National Assembly:
Hon. Deputy Speaker, in terms of where we are going, it is important that we also put to task the CBK. We cannot let CBK officers who are some of the best paid public officers in this country to, instead of carrying out their duties, go to bed with some banks and participate in robbery of depositors’ funds. These people should be charged with obtaining money by false pretences. They earn salaries but do not do their jobs. I am happy that the Departmental Committee on Finance, Planning and Trade is going to inquire. Let us hope it returns a ...
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13 Apr 2016 in National Assembly:
I have two more issues. One, from the many billions that the banks are making, we must ensure that insurance is kept or a pool of funds is established where if a bank goes under all the depositors’ funds are recovered from that particular pool, like we used to have the insurance pool.
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