NIESV to redefine compensation from compulsory acquisition in Nigeria

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Oluwaseun Sonde, Abuja.

The Chairman Abuja, FCT branch of the Nigeria Institution of Estate Surveyors and Valuers (NIESV), ESV Charles Oghenero Ebiai has said the institution is ready and willing to redefine the purpose of compensation from compulsory acquisition in Nigeria which will help to have a clear understanding of the the theories and practices of compensation and acquisition as professionals of real estate in Nigeria.

He made it know at the occasion of the 2019 Mandatory Continuing Professional Development (MCPD) seminar held in NAF conference center, Abuja on Thursday.

According to him ” we sincerely appreciate the efforts of the members gearing towards redefining the purpose of compensation from compulsory acquisition in Nigeria.

“Indeed we need to go deeper into compulsory acquisition, which we all know as the traditional power of government to acquire private rights in land without the willing consent of its owner or its owner or occupant in order to benefit society in exchange for compensation”, he said.

He said NIESV Abuja branch has been charged with the wholesome responsibility of serving as the image of the institution. ” Today indeed marks yet another watershed in the gradual but steady steps to achieve our roles which we have been performing over the years by creating strong advocacy at all levels, rally public support for our cause, promoting the image of our institution and getting endorsement for our relevance.

” Today, in measuring the growth of the our branch, I can boldly say that we recently have four of our members who were promoted to director cadres at the Federal Ministry of Works and Housing, we have increased the numbers of our corporate members through the active involvement of our membership committee, all geared towards taking advantage of our vantage position in the Federal Capital Territory (FCT) for the benefit of our noble profession NIESV” he said.

He noted that being the chairman of Unity branch has convinced him more that it require super human effort to make government and other beneficiaries of service to realize that the profession has a lot to offer in contributing to the growth of the economy.

“We as a branch have accepted this responsibility and we are doing everything within our jurisdiction to create awareness of the roles of our profession through various programmes and policies of the government.

“I see a glorious dawn of new era in our profession, vision being catapulted to the Olympian height of great achievement and development for our noble members across Nigeria and beyond”, he concluded.