Jun 16, 2008, 5:42 AM
Whoever is to blame, the reality is that genuine people who wish to invest their hard earned money in a piece of property, are increasingly afraid to risk getting involved in land deals. It is hard to blame them. If you work hard and save money diligently the last thing you want is for that money to be lost in a dubious land deal.
Unfortunately the issue of land is becoming a problem in
many parts of
The buck stops with the government. They make the laws and introduce regulations that should ensure this kind of thing does not happen. If there is proper legislation introduced which covers every possible eventuality, it will ensure that no loophole exists to be exploited by anybody. Along with this action, victims of demolitions must be compensated fully and relocated. Time is running out and the situation is worsening. If swift action is not taken, this terrible trend will worsen before it gets better.
Also prospective investors in land need to remind themselves of the importance of obtaining reliable confirmation and Transfer documents from alkalos, and proper advice and guidance of lawyers.
Meanwhile, Social Security and Housing Finance Corporation (SSHFC) should make land affordable to public servants the majority of whom cannot afford D100,000 for empty plot and the further cost of developing the,.
It would be easier for SSHFC to construct houses and then pass them to owners, as obtain in other countries.
"Men sooner forget the death of their fathers than the loss of their possessions."