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Experts canvass enforcement of ethical standards

By Oluwaseun Akingboye, Akure
25 October 2021   |   2:40 am
To uplift the profession, experts have stressed the need to enforce high ethical standards in the conduct of real estate business in the country.

Deputy Vice Chancellor, Development, Federal University of Technology, Akure. Prof. Philip Oguntunde (left), representing the Vice Chancellor; Dean, School of Environmental Technology, Prof. Olaniyi Aje; Former DVC, Prof. Tolu Akingbogun, Prof. Awodele; 2nd Vice President, Nigerian Institution of Estate Surveyors and Valuers and guest lecturer, Victor Alonge; Chairman 2021 Annual Lecture Committee and former DVC, Prof. Tunde Arayela, jointly presenting Distinguished Personality Award to Alonge in Akure, Ondo State

To uplift the profession, experts have stressed the need to enforce high ethical standards in the conduct of real estate business in the country.

They argued that observance of professional conduct is beyond what is expected in a traditional trade or general business settings, adding that practitioners in real estate should sustain trust and integrity.

The second vice president of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Mr. Victor Alonge, led the call at the yearly lecture and award on “Ethics in the profession: The challenges of contemporary professional practice,” organised to mark the 40th anniversary of the Federal University of Technology Akure (FUTA).

The forum featured the presentation of alumni awards to 14 recipients, including the State Commandant of Amotekun Corps, Chief Adetunji Adeleye and Alonge.

Alonge bemoaned the proliferation of quacks in the profession. According to him, all aspects of the profession have been encroached by quacks, while their activities have continued to put a dent in the image of the profession.

Alonge stated the need for the creation of centralised databank of concluded transactions, arguing that once a property transaction is completed, the information should be posted on the databank and made available to any valuer that has access to the bank.

He explained that the databank would significantly address issues of valuation variance and inaccuracy, currently plaguing the profession.

Also speaking, FUTA Vice-Chancellor, Prof. Joseph Fuwape, described the lecture as apt and necessary to change the ugly narratives in the nation. He stressed the importance of strict ethical conduct to achieve excellence and deepen discipline in professional life.

Represented by the Deputy Vice-Chancellor, Academics, Prof. Rufus Ogunsuyi, he affirmed the need for academic, professionals to collaborate and reduce unwholesome practices in society.

The Dean, School of Environmental Technology, Prof. Olaniyi Aje, emphasised that the government, professionals and regulatory bodies should come together to sanitise the society.