National Housing Corporation – Another property sold off under irregular circumstances
Late last year, residents of the Tokara NHC Hostel lost their court action against the National Housing Corporation (NHC), and Aees Real Estate Limited. Evicted residents claimed they had been wrongfully removed from the property. It was also claimed that the sale to Aees Real Estate was illegal.
Justice Hartshorn, a judge known for being unsympathetic to the ‘little’ people, dismissed the proceedings with costs. He argued residents had failed to pursue the case through correct legal procedure.
The short judgement does not disclose the sale price of the NHC property to Aees Real Estate Limited.
However, this sale needs urgent review.
It can be revealed Aees Real Estate Limited’s largest shareholder and Director is Anthony Waira.
Up until the 2007, Waira was the principal legal officer at the National Housing Corporation.
Given that the Public Accounts Committee has found that many NHC properties are being sold off, under value, to private developers, with the proceeds being laundered and stolen – there is a need for vigilance with all NHC transactions.
This is especially the case when the purchaser is the former legal counsel for the NHC.