President Uhuru rejects Kenya Deposit Insurance amendment bill 2021

President Uhuru Kenyatta has declined to assent to the Kenya Deposit Insurance amendment bill 2021 and asked parliament to reconsider amending it. In a memoranda communicated to the national assembly by speaker Justin Muturi, the President in his reservations said a proposal to introduce a six-month deadline for compensation of a customer contravenes an existing clause in the original bill that provides for payment to be done in thirty days.

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