As part of activities lined up for the 2024 World Valuation Day, members of the Nigeria Institution of Estate Surveyors and Valuers (NIESV), Ondo State chapter on Monday, May 6th, 2024, embarked on assets valuation public awareness campaign across major streets in Akure, the State capital.
The early morning awareness campaign started off at the State Ministry of Lands & Housing through major streets to NIESV headquarters in Alagbaka, Akure.
Speaking on the exercise, the State Chairman, NIESV, Surv. Idris Oloruntoba, said it was organised to create awareness about the profession and restate the importance of asset valuation.
According to him, the theme for this year’s celebration: “Importance of Asset Valuation in Financial Stability” is apt.
While using the opportunity to identify some of the assets that can be valued to include a house, a vehicle or any other thing which is of value, Surv. Oloruntoba said without asset valuation, it is difficult to plan for the future.
He also used the opportunity to congratulate members for witnessing the celebration just as he charged them to continue to uphold the tenets of the profession and adhere to standard ethical practice.
Also speaking, the Chairman, Planning Committee, 2024 Valuation Day, Surv. Akinlade Akintomide said May 5th and 6th are days annually set aside to commemorate the celebration across the nation as the Institution’s way of contributing to global public awareness about the profession and what they do.
Surv. Akintomide who also took time to restate the importance of asset valuation for financial stability explained further that an Estate Surveyors and Valuer is professionally licensed and registered to practice.
He thus charged members of the public to patronize only registered professionals whenever the need arises as asset valuation is something they are expected to do for insurance purpose or in order to buy or sell a property as well as to process Letter of Administration on a deceased property or for mortgage purpose.
“The place of valuation in our economy and financial stability cannot be over emphasized. That is why the theme is apt both for accounting and reporting purposes”, he added
