When Charity Ngilu, the then Cabinet Secretary for Lands, began the process of digitisation of the land registry in 2013, it was hoped that the new shift would bring efficiency and transparency in the land sector in the country. The regulatory and enabling frameworks have worked very well.” Mburu believes the opaqueness in the real estate sector in the region is a breeding ground for corruption. Another report by the European Parliamentary Research Service says the veneer of respectability of the real estate sector hides some of the most ill-gotten money. “Abuse of the real estate sector has long been described as one of the oldest known ways to launder ill-gotten gains. “Real estate also provides a veneer of respectability, legitimacy and normality.

Source: Standard Digital July 29, 2020 21:00 UTC