Land is a source of material wealth and tangible resources for human survival. But the activities of land grabbers are largely propelled by increasing urbanisation, industrialisation, greed by individuals and government officials, as well as a high rate of agribusiness expansion nationwide that has made land a scarce commodity. Also, the infamous activities of encroachers and poor governance structure in land administration, alongside ineffective implementation of existing laws, constitute a cog in the wheel of progress in property acquisition. VICTOR GBONEGUN reports that the development has deprived many would-be homeowners of a roof over their heads and potential for investment.
Ten years ago, a cooperative society in a Lagos-based business concern acquired 200 plots of land in the Ikorodu area of the state. Many workers in the outfit, including one Chris Okafor, paid N260,000 per plot….
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