Business
NIESV Cautions Members Over Unethical Conduct
The Nigerian Institution of Estate Surveyors and Valuers(NIESV) has charged its members to uphold the practice of estate valuing and refrain from unethical and unwholesome practices.
The President of NIESV, and Chairman of the Council, Johnbull Amayaevbo, who disclosed this in a release obtained on Monday, noted that the institution would not condone any of its members who failed to comply with the principle of integrity in the discharge of his or her duties as an estate surveyor and valuer.
He emphasised the importance of upholding professional ethics and standards, fostering continuous learning, and contributing to the growth of the institution and the nation.
“As professionals in real estate, our duties requires absolute compliance to professional ethics and standards of practice, total commitment to the aims and objectives of the institution.
“Go through the constitution of the institution and the code of professional practice and strive to abide by their provisions, as ignorance of any part thereof will not be an excuse for misconduct.
“Please note that working overtly or covertly against the interest of the institution will be met with the stiffest sanctions and penalties”, he stated.
The NIESV President in the statement also said the institution had launched its 2021-2023 Real Estate Market Report, which covered land prices across all 30 states and local governments, offering a valuable resource for stakeholders, governments, and potential investors.
He noted that the National Bureau of Statistics would leverage the report for an in-depth analysis of the real estate sector’s role in the economy.
“Governments at all levels and her agencies, professionals, and all stakeholders in the real estate industry will find the document useful in decision-making, be it real estate investments, valuation reports, acquisitions, and others.
“The National Bureau of Statistics and others will find this well-researched work handy in their analysis of the real estate sector of the economy”, he added.
In addition, the NIESV President highlighted the need for a review of outdated land laws, particularly the Land Use Decree established 46 years ago.
Amayaevbo also advocated for the removal of land laws from the constitution to facilitate necessary updates.
Corlins Walter
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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