Land Barons Target Pension Fund’s Land

wisdom
2 Min Read

By Correspondent

Land barons have begun illegally selling stands on land which belongs to the Communications and Allied Industries Pension Fund (CAIPF).

In a statement the Investments Manager for CAIPF Morrence Ngadyah said they will soon institute legal proceedings.

“It has come to our attention that there are some purported land barons who are parceling out residential stands to unsuspecting home seekers at Subdivision A of Barrington of Inkubusi of Hopley.

“Please note that the piece of land measuring 5.2 hectares situated in Southlea Park belongs to the CAIPF.

Ngadyah said his organisation is not selling any stands.

“Anyone who is doing so is not a representative of CAIPF.

“Legal action shall be taken against them.

“CAIPF advises the public not to be duped into buying stands in the said area as such sales are illegal.

“The stands will be repossessed by CAIPF.

The pressure for housing in Harare has steadily worsened the scourge of land barons.

Currently Harare has a housing waiting list of over 20 000 people.

Land barons have been tapping into this ready market with dubious offers.

Many of these barons are politically connected and are usually protected.

In 2019 the Uchena Land Commission revealed some of the land barons but no action has been taken to date.

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