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Group urges practitioners to uphold valuation principles


Valuers have been urged to uphold the core ethics of the profession to curb existing misconceptions about their activities.

They were also called on to act in accordance with the interest of the public, self-development and to equate standard.

The Chairman, Board of Trustee (BoT), Society for Professional Valuation, Mr. Olusola Enitan, said this at the induction of members in Lagos. He said, “There appears an appreciation that to regain the confidence of the Nigerian people, the Valuation profession needs to go back to its core values of ethics, independence, integrity, and professionalism.”


Enitan explained that the profession was birthed by the need to change the cause of the economic development of Nigeria and contribute towards a strong and balanced society in which valuers would provide a measurement for the economic cost of business and social activities.

According to Enitan, the experience of the last few years had seen the fortunes of the profession dwindle in the face of great economic and national development, as opportunities were daily lost to charlatans and other non-professional entities.


“The lack of ethical rectitude within the profession, unbridled and unhealthy constitutional breaches, outright fraudulence, maladministration of the profession and increasing erosion of integrity in virtually all aspects of the profession became a major and irreconcilable concern, thus the need for leadership to reinvent itself,” he said.

He noted that the areas to improve on include; education, standards, tools, professional development, registration, and collaboration.


On the inclusion of Persons With Disability (PWD), Enitan noted that surveyors and valuers have a critical role to play, stressing the need to prioritize their accommodation especially, in public places.

“A key role of this profession is inclusion, which involves the ability to accommodate everyone in the society, so they can all benefit from your services,” he added. He also called on regulatory bodies to take disciplinary actions in cases of non-compliance to standards, rules, and practices, stating that their responsibility is that of securing the public interest.


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