The profession of Estate Surveying and Valuation is defined as the Art, Science and Practices of:
(A) Determining the value of all descriptions of property and of the various interests therein; (B) Managing and developing estates and other businesses concerned with the management oflanded property; (C) Securing the optimal use of land and its associate resources to meet social and economic needs; (D) Determining the structure: and condition of building, their services and advising on their maintenance, alteration and improvement; (E) Determining the economic use of land resources by means of financial appraisal for the building industry; and (F) Selling (whether by auction or otherwise) and buying or letting (as an agent) of real and personal property and of any interest therein.
The Nigerian Institution of Estate Surveyors and Valuers is a non-profit, voluntary, professional organization set up in 1969 to cater for the interests of the landed profession in Nigeria. The Institution was accorded official recognition 6 years later by the promulgation of the Estate Surveyors and Valuers Registration Act (see Laws of Nigeria 1990.
Volume 7. Chapter iii), which is more popularly known as Decree umber 24 of 1975 (now Act).
The legislation establishes the Estate Surveyors and Valuers Registration Board of Nigeria, (ESVARBON), as a corporate body empowered to regulate the profession of Estate Surveying and Valuation in Nigeria. The objectives of the
Institution are 4, namely: (A) To establish a high and reputable standard of professional conduct and practice in landed profession throughout Nigeria; (B) To secure and improve the technical knowledge of its members by close collaboration with the Universities, other institutions of higher learning and other professional bodies.
(C) To promote the general interest of the profession and maintain and extend its usefulness for the public good, and; (D) To acquaint the public with the role of the Estate Surveyors and Valuers in the economic development of Nigeria.
Members of the institution have contributed immensely to national development and the general progress of the country. Collectively, members of the Institution have made contributions to national discourse with a view to influencing the formulation of appropriate policies, especially on land matters. Examples include advise on the evolution of the National Housing Policy; proposals on the bases of compensation for property acquired for overriding public interest and
recommendations on property rating, including assessment, collection and management.
Individual members of the Institution also made valuable contributions towards the relocation of the Federal Capital, the development of the Federal Capital Territory, Abuja and in the formulation of new land policy for Lagos State.
They have also served on land tribunals and rent control panels at state and local government levels, and participated effectively in the development and management of urban
areas.
MEMBERSHIP
Membership of the Institution is open to all Nigerians, and in certain cases to foreigners, trained in approved institutions both in the country and abroad. There are three classes of Membership, namely professional (Associates and Follows), Non-Professional (Graduates, Probationers and Students) and Honorary members (persons who are not engaged in the practice of the profession, but by reason of position, experience or eminence, assist in promoting the objects of the profession. The grand patron of the Institution is the President and commander-in-chief of the Armed Forces of the Federal Republic of Nigeria, while the state governors are the Patrons of the institution.
THE NATIONAL COUNCIL
The affairs of the Institution are managed by a National Council, elected annually by ballot.
The council consists of the following category of officials, namely; Officers of the Institution, Un-official members, The Registrar of the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON), and Chairmen of state branches of the Institution, assisting the Council in policy formulation and implementation are nine (9) standing committee and a number of ad-hoc committees.
THE BRANCHES
The Institution has 29 branches; These are: Abia State, Akwa Thorn State, Anambra State, Adamawa/Taraba State, Bayelsa State, Benue State, Bomo State, Bauchi/Gombe State, Cross River State, Delta State, Ebonyi State, Edo State, Ekiti State, Enugu State, FCT Abuja, Imo State, Kaduna State, Kano State, Kwara State, Kogi State, Lagos State, Niger State, Ogun State, Ondo State, Osun State, Oyo State, Nasarawa State, Plateau State and River State. The branches are represented in the National Council through their chairmen.
CORPORATE DEVELOPMENT
The Institution attaches great importance to the education of its members with emphasis on practical training and Mandatory Continuing Professional Development (MCPD). Members of the Institution teaches, full-time or part time in a number of tertiary institution where courses in estate management are offered at the undergraduate level. The Institution also organizes non-formal, but gradual training programme for those candidates who cannot undertake the regular full time education in Estate Management.
In concert with the Registration Board, the Institution accredits Estate Management programmes in tertiary Institutions in the country. Financial support, such as assistance to write and publish professional books is made available to members of the Institution in academia to support the personal career paths and to compliment these; the Institution has established a foundation known as NIESV Research Foundation to carry out research into specific areas of Estate Management and Real Estate related issues. A new training center has been established to foster continuous learning in identified areas of need. It is expected that the center will playa vital role in the ongoing efforts to incorporate, via proper training, the estate agents, those who are not trained to practice agency, one of the core areas of the profession.
The aim is to tackle once and for all the issue of quackery and to sanitize the real estate industry in Nigeria.
THE NATIONAL SECRETARIAT
In order to facilitate its work, with special regard to the training of members and corporate development, the Institution operates a National Secretariat at: Plot 759, Independence Avenue
(Basan Plaza) Central Business District, Abuja.
P.M.B. 5175, Wuse, Abuja.
Tel: 08078193014, 08078193017.
Fax: E-mail: info@niesv.org.ng,
exec@niesv.org.ng
Website: www.niesv.org.ng
Lagos Liaison Office: Plot A, Blk. 12 Elephant Cement Way, Opp.
Lagos State Secretariat Mosque CBD, Alausa Ikeja,
P. O. Box 2325, Tel: 08078193027, 08078193026.
Enugu Liaison Office: 127, Akalaka House, Blk. A New Heaven Enugu.
Tel: 08078193028, 08078193029.
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