A Jubilee legislator has accused President Uhuru Kenyatta of wrecking the country's economy through certain 'forceful' legislations.
Bomet Woman Representative Joyce Korir over the weekend accused the president of deliberately subjecting Kenyans to untold suffering following the repealing of interest capping law.
The firebrand MP insisted that Uhuru's decision to reject the Finance Act on banking sector would allow banks to charge Kenyans high-interest rates.
"The other day we were struggling to counter the Capping Bill which the president has signed. I want to inform him that he's killing Kenyans. You have intimidated Kenyans yet you don't even take loans," she said.
Ms Korir now wants the president to dissolve parliament to pave way for another election which would allow Kenyans to chose new leaders.
"Time has come for parliament to be dissolved so that we all go home. We are tired of this kind of stupidity. We are not interested in politics. We want to see the real deal," she added.
Ms Korir's latest swipe at President Uhuru Kenyatta could further irk tensions between Tanga Tanga leaders and those from Kieleweke.
Kiambu Town MP Jude Njomo, who introduced the law through a Private Member’s Bill, before it came into force on September 14, 2016, argues that any lender that charges more than the prescribed four per cent above the CBK rate is committing an illegality.
“It is only that CBK has been sleeping on the job. It’s the regulator and should penalise banks or financial institutions that are violating the law,” Mr Njomo said.
“If CBK was active, and wanted to stabilise interest rates, they would do that. They are the first to fight the capping of interest rates,” he added.
Having flopped in Parliament, the failure to cap interest rates means banks can now impose interest limits of their own choice without government regulations.