How Kenyans get conned: The following is an illustration of how thousands of Kenyans have been getting conned by land selling companies who allegedly sell cheap plots that are commonly disguised as prime parcels. It’s author is unknown:
“Somewhere far from Nairobi , there is cheap barren wilderness lying Idle .Then Kamanu of Kamanu Properties Ltd gets wind of it from his “investment scouts ” .
Kamanu buys 2 Acres of the land for Sh. 200,000 per acre from the peasant owner pretending to be working for a church based NGO. Kamanu Subdivides the land into 14 plots .
He plans to sell each plot for Sh. 350,000 . If each plot is bought ,Kamanu will make a kill of Sh. 4.5 million. But how will he sell the plots in the middle of nowhere? And to who?
Lease a 42 Seater bus and fill it with 20 fake buyers. Each fake buyer is supposed to come with one potential buyer amounting to 20 potential buyers . The fooling line is “TRANSPORT AND FOOD IS FREE ” Each fake buyer is paid Sh. 5,000 per trip.
In total Kamanu spends roughly Sh. 140,000 per trip , that includes transport, food and fake buyers’ fees.
On site, the fake buyers are supposed to “show a lot of interest on the plots ” and the majority will buy quickly, giving out fake cheques to Kamanu on the point for full amount of Sh. 350,000 .
The target is to have at least 2 potential buyers duped into buying the plots . In total, Kamanu plans to have at most 7 such trips with different potential buyers but same fake ones. At the end Kamanu will have spent a total of roughly Sh. 1.4 million, including the price of the land and fake trips , Making a profit of Sh. 3.5 million within 2 months .
Whatever the buyers will do with those pieces of wilderness, it’s none of Kamanu’s business.”