William Kipkiror

All parliamentary appearances

Entries 1311 to 1320 of 1616.

• 4 Sep 2012 in National Assembly: Therefore, we are satisfied that the steps being taken are going to ensure that we secure our Kenyan people. Their details are not going to be used by any other person who is not supposed to use them. view
• 4 Sep 2012 in National Assembly: Mr. Deputy Speaker, Sir, the involvement of the bodies referred to by the hon. Member is really in terms of support. view
• 4 Sep 2012 in National Assembly: Mr. Deputy Speaker, Sir, the Act is very clear. The Commission is independent. The bodies which are giving support to the IEBC do not have the role of really setting and controlling the day to day running of the institution. The keying in of the information and securing of the information is not the business of those bodies. They support our institutions as development partners. view
• 30 Aug 2012 in National Assembly: Mr. Speaker, Sir, I am able to confirm to this House, of course, that Charterhouse Bank Ltd. was closed as a result of failure by them to comply with certain banking prudential guidelines. It would be very difficult for me at this point in time to really confirm or deny if other banks were closed between the same periods as a result of such reasons. That is a Question that can be directed to the relevant Ministry because banking is really in the domain of the Ministry of Finance. view
• 30 Aug 2012 in National Assembly: Mr. Speaker, Sir, indeed, when this Question came before the House on 2nd August, 2012, hon. Kabogo raised that issue. I undertook to confirm two issues; the issue as to really why the bank was closed. With regard to the closure, I have been able to confirm today here that it was closed not because of the allegation of money laundering, but because of non-compliance with the prudential guidelines. Mr. Speaker, Sir, let me just mention that some of the guidelines were not followed by the bank, for example, lending to some companies in excess of the single borrowing limit ... view
• 30 Aug 2012 in National Assembly: Mr. Speaker, Sir, the question was asked by hon. Kabogo. I was addressing myself to the specific guidelines. Mr. Speaker, Sir, the process of re-opening the bank is really the function of the Ministry of Finance. Of course, I know there is the principle of collective responsibility in the Government. As I said, the closure of this bank was not in any way linked to money laundering. All my Ministry can do is to communicate our opinion to the Ministry of Finance for them to take appropriate action and re-open this bank. That responsibility falls under their domain. view
• 30 Aug 2012 in National Assembly: Mr. Speaker, Sir, it is true that there are certain penalties levied to banks which do not comply with the prudential guidelines. For example, in this particular case, in 2006, Charterhouse bank was ordered to pay a penalty of Kshs1 million. However, they continued breaching these guidelines which culminated in the closure of the bank. I confirm there are certain penalties assigned to those banks that do not comply with those guidelines. view
• 30 Aug 2012 in National Assembly: Mr. Speaker, Sir, I may not really confirm the number of times they breached these guidelines. In my view, it is not really the number of times they have done so, but it is the continuity in the breach which matters. So, I am not able to confirm the number of times, but there was a breach of those prudential guidelines by this bank. view
• 30 Aug 2012 in National Assembly: Mr. Speaker, Sir, the Question by the Member was very specific. His concern about other banks which have violated these guidelines and have not been closed is genuine because we need to know why this bank was closed and not others. Mr. Speaker, Sir, I wish to seek your directions here because the issue of tabling those guidelines is really in the domain of the Ministry of Finance. I have been able to deal with the Question in so far as the issue touching on the defunct Kenya Anti Corruption Commission (KACC) is concerned. We will write to the Ministry ... view
• 30 Aug 2012 in National Assembly: It is true that I have not been able to respond to that particular issue because the line Ministry that should deal with the direction of this House is the Ministry of Finance. I may have to, perhaps, liaise with them but I am seeking your directions because the Ministry to execute this particular issue, to comply with the direction of this House, is the Ministry of Finance. On the basis of collective responsibility, I can take up the issue, but it would have been more prudent for the relevant Minister, in charge of this department to come before the ... view