NIESV Accuses FIRS of Illegal Valuation Exercise
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has accused Federal Inland Revenue Service (FIRS) of what it called ‘Illegal Valuation Exercise’.
Federal Inland Revenue Service (FIRS) recently appointed a non-Estate Surveying and Valuation company in the name of “Land Records Company” to carry out valuation of corporate properties in FCT, Abuja and other major cities in Nigeria for the purposes of tax assessments.
In a statement issued on Thursday, and signed by ESV. (Sir) Charles Oghenero Ebiai, FNIVS, RSV., Hon. National Publicity Secretary, NIESV and made available to Daily Dispatch, NIESV call on all relevant authorities responsible for Public Procurement in Nigeria and the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) to call to order the management of FIRS to reverse the appointment.
According to (NIESV) FIRS action is contrary to the provisions of extant laws in Nigeria. Particularly the Estate Surveyors and Valuers Registration Board of Nigeria Decree No. 24 of 1975 (as it was then known), now CAP E13 LFN, 2007.
“By the provisions of Section 16 of the said law, it is only registered Estate Surveyors and Valuers that are empowered to undertake valuation of assets in Nigeria. The Nigerian Institution of Estate Surveyors and Valuers (NIESV) therefore totally condemn this grievous error on the part of the management of FIRS and therefore request for the immediate reversal of the afore-mentioned contract.
“We put to notice all relevant authorities responsible for Public Procurement in Nigeria and the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) to call to order the management of FIRS to reverse this illegal procurement process in line with the Bureau of Public Procurement (BPP) Act.
“We, as a professional body, hereby disclaim the said “Land Records Company” as a registered firm of Estate Surveyors and Valuers; and advise the general public not to deal with the Company on any valuation/property assessment matters.
Click on the link to read full statement: NIESV ADVERT
