radio wrote:This must be the biggest land scandal in Kenya. 14k and 16k acres! Unbelievable!
Be very afraid when you hear about any land sale in Ruai. All the idle land after the sewage system belongs to NCC. We lost money there, @petro08 you are not alone.i
@radio, i am with you on this one. This is the next real estate "pyramid scheme" on a very grand scale! I don't care if a former area mp speaks out. He should have let the cat out of the bag a long time and not start crying wolf now.
My only question is what is the legal recourse for all those tens of thousands who bought into this scheme? I honestly don't care much for directors of embakasi ranch because they will simply go underground, pay kitu kidogo or plead innocence/the fifth.I know understand why people are so cynical about everything. Where is the goverment on this one? They should force this scheme to provide distressed investors with alternative plots of equal value.
Whatever happened to all those pyramid schemes? Did anyone ever get prosecuted? Welcome to the world of impunity where crooks get away scott free!
This is where the new constitution comes into play. No wonder it has been pushed to the back burner and given lip service.
My experience. My dad bought me a plot from a councillor in a pub..come to find out the said plot was a road reserve. I lost some money but not much. Moral of the story..please do due diligence and use a lawyer. You will sleep well at night.I have not had a problem since i started using a lawyer..thank God! You get what you pay for. If it is too good to be true, it usually is...
It's not hard to make decisions when you know what your values are.