13 Aug 2009 in National Assembly:
Mr. Speaker, Sir, the answer is: âNoâ. According to the CDF Act, banking facilities can only be provided by a commercial bank. SACCOs are not commercial banks.
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13 Aug 2009 in National Assembly:
Mr. Speaker, Sir, I do not know whether the hon. Member is talking about the Fund Manager or the Constituency Manager. He should be specific. Which manager is he talking about? Is he talking about the Fund Manager?
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13 Aug 2009 in National Assembly:
Thank you, Mr. Speaker, Sir. That is the Funds Manager. I am not aware of that. I will have to check that with the Secretariat and establish why a Funds Manager has not been posted to his constituency. However, I know we advertised for eight vacancies, people applied for the jobs and interviews were conducted. Maybe, they are in the process of posting a Funds Manager in the hon. Memberâs constituency. However, I will have to confirm that.
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13 Aug 2009 in National Assembly:
Mr. Speaker, Sir, the various banks have boards that are supposed to take care of the funds. The boards have authority to discuss and agree with the various banks which interest rates they are supposed to charge. So, it is important that I take up the matter with the respective Ministries because the WEDF and the YEDF do
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13 Aug 2009 in National Assembly:
Mr. Speaker, Sir, these are the banks that requested to be considered for the CDF activities. I am open. If other banks apply, we will consider their applications. However, the banks are not offered that opportunity. They must request for it! So, the banks the hon. Member has in mind have not applied.
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13 Aug 2009 in National Assembly:
Mr. Speaker, Sir, Mr. Kigen knows that CDF money is not supposed to be disbursed to the constituencies and lie in a bank account. There are proposals that they give us. So, they are given that money so that they can apply it. If they have absorption problems, I am ready to offer them free services so that as funds come to their accounts, they are able to use that money immediately.
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13 Aug 2009 in National Assembly:
Mr. Speaker Sir, we do not dictate to constituencies on which banks they should operate in, but we give a general blanket. We have given five banks; Co-operative Bank of Kenya, National Bank of Kenya, Consolidated Bank, K-Rep and Equity. As a constituency, they are free to operate within the five banks because these are the ones that applied to be considered. However, we have received one or two other applications that we are looking at. Members can only go out of these five bank accounts if these particular banks do not operate within their constituency. If they want to ...
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13 Aug 2009 in National Assembly:
I am not contradicting myself. The Constituency Development Fund Committee has to apply to the Minister to allow the movement from one branch or from one bank to the other or from one branch to the other, even if it is the same bank. There are financial regulations that have to be adhered to when you are moving your account. So, the mistake he has done is that he gave himself the authority of moving the account without coming via the Ministry.
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4 Aug 2009 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, I do not have a Statement, but---
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4 Aug 2009 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, could I proceed?
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