MPs car loans, mortgages will all be repaid – Sialai

May 19, 2017 (1 week ago) 3:31 pm
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Media reports over the weekend indicated that the Parliamentary Service Commission through its Car Loan Scheme Fund, revealed it had outstanding loans amounting to Sh213.1 million for both MPs and parliamentary staff/FILE

, MOMBASA, Kenya, May 19 – Clerk of the National Assembly Michael Sialai says Parliament will have recovered fully mortgages and car loans given to current MPs before their terms end on August 7 midnight.

Speaking at a Kenya National Assembly Retreat with the Kenya Parliamentary Journalists Association (KPJA), Sialai assured members of the public that no cent will be lost, and the MPs will not have to surrender their houses and vehicles.

He says a majority of the MPs are sure to clear their outstanding balances by June.

“We’ve scheduled the repayments to their terms. By June most members would have cleared their loans so there is no worry or cause for alarm at all,” the National Assembly Clerk explained.

Media reports over the weekend indicated that the Parliamentary Service Commission through its Car Loan Scheme Fund, revealed it had outstanding loans amounting to Sh213.1 million for both MPs and parliamentary staff.

In the circular, MPs were asked not to rely on their monthly pay-slip deductions to repay the money due but to instead make additional payments from other sources.

The fund gives a loan it usually takes the security of the vehicle’s logbook and also charge the title in the case of land; it will be released to the owner upon completion in repayment of the loan.

The 416 members of the bicameral Parliament are also entitled to a Sh5 million car grant, which they do not repay.

The lawmakers are entitled to a Sh20 million mortgage and a Sh7 million car loan that they are, however, required to repay on or before the end of parliamentary terms.

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