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NIESV decries assets declaration procedure

Nigerian Institution of Estate Surveyors and Valuers ( NIESV) has faulted the current asset declaration procedure where a public officer on his own lists his assets and fixes values of his choice to the assets being declared, saying that it was counterproductive and negates the rules of checks and balance

Briefing newsmen in Asaba, Delta State, President and Chairman, National Council, NIESV, Sir Rowland Abonta, said: “It also contravenes the extant laws of the land, particularly the Estate Surveyors and Valuers Registration Board of Nigeria Act E13 LFN 2007, which gives the sole authority for determination of value on assets to registered estate surveyors and valuers.

“I am also calling for immediate creation of the Directorate of Valuation in the Code of Conduct Bureau, where professional estate surveyors and valuers will be engaged to provide needed services.”

CBN, stakeholders plan to abridge 17 million housing deficit, call for reform of laws regulating real estate. He also called on the federal and state governments to set up a robust agenda for housing delivery in the country, saying there should be an assessment of the housing needs of Nigeria with a view to determining the exact housing needs of the citizens.

He said: “Let the nation stop the ad hoc and arbitrary approaches to solving housing problems and housing management should be re-organised with proper institutional framework across all levels of government.”

Credit: Vanguard

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