NIESV Urges Proper Valuation Of Declared Assets

The President, Nigerian Institute of Estate Survey ors and Valuers (NIESV), Emeka Eleh, has said that most of the assets declarations done in Nigeria were anticipatory of what would be amassed while in office and hence makes case for proper valuation of declared assets.

Eleh also posited that the trend of declaring fake assets could be tackled if the government adhered strictly to the law on assets declaration and base its assessment on the professional impute of the estate surveyors and valuers.

Making this known while speaking to Journalists in Lagos the NIESV president said “one of the issues we raised with the Code of Conduct Bureau is that of assets declaration. We are all aware by virtue of the law of this country that every public official is supposed to declare his assets upon assumption of office.”

According to him: “By the same law of this country, it is only estate surveyors and valuers registered by the regulatory body that is authorised by law to determine the value of any given asset.”

He further stated, “Our members should be the first to value the identified asset before people are allowed to submit their forms to any agency of government to ascertain the location, description and other relevant characteristics of the properly.”

Mr. Eleh said that it is very unfortunate that what most people do on such issue is anticipatory declaration believing they will acquire such before leaving office, pointing that nothing stops government from intervening in the housing sectors, just as it has intervened in the aviation and the agriculture sectors.

The NIESV boss therefore enjoined both state and Federal Governments to develop the needed infrastructure, as part of their social housing policies.