National News
Inspection Fee and Its Negative Impacts on Real Estate Transactions,
Inspection Fee and Its Negative Impacts on Real Estate Transactions,
By Oluwakayode Abe
The profession of Estate Management and Valuation faces significant challenges due to the prevalence of unqualified individuals operating as quacks on a daily basis. The lack of awareness about the role and importance of an Estate Surveyor, along with the advantages of dealing with them, has had detrimental effects on various stakeholders in the Real Estate sector.
An Estate Surveyor is a qualified professional who has undergone formal education in “Estate Management” from an accredited institution. They have obtained certification from reputable organizations like the Nigerian Institution of Estate Surveyors and Valuers (NIESV) and been elected by the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) to practice in the field of Estate Management and Valuation. Despite the importance of their expertise, many Nigerians remain unfamiliar with their roles and qualifications.
This lack of awareness has allowed unscrupulous individuals to exploit unsuspecting individuals by posing as Estate Agents. These self-proclaimed agents can be found on the streets, ready to take advantage of those seeking real estate services. They lack the necessary qualifications, knowledge, and professionalism required in the industry.
These quacks typically charge exorbitant fees, often as high as N5,000, for property inspections, even for properties that have already been rented. To maximize their profits, they may take multiple people to the same property in a single day, disregarding the needs and interests of their clients.
Their unprofessional conduct is another cause for concern. They often exhibit rudeness and a lack of respect towards potential tenants, tarnishing the reputation of legitimate Estate agents and eroding public trust in the industry.
Apart from the financial implications for individuals, these quacks also lack an understanding of the legal aspects of their work. This ignorance leads to poorly drafted tenancy agreements and legal disputes between tenants and landlords, causing unnecessary stress and inconvenience.
Moreover, the impact of these quacks is not limited to individuals alone. The Nigerian government suffers revenue losses in terms of property tax due to their involvement in the real estate sector. The presence of unlicensed agents reduces the government’s ability to collect taxes from unreported rental income.
READ ALSO: https://dailypost.ng/2023/08/02/niger-tribunal-set-to-give-ruling-on-17-petitions-445-exhibits/
To address this pressing issue, several measures need to be taken. Public awareness campaigns are essential to educate the public about the risks of dealing with unlicensed agents and the benefits of engaging registered and qualified Estate Surveyors and Valuers. Empowering consumers with knowledge on how to verify an agent’s credentials will help them make informed decisions and avoid falling victim to fraud.
Collaboration between the government, real estate industry, and consumer protection organizations through public-private partnerships can also make a significant impact. By pooling resources and expertise, stakeholders can develop comprehensive strategies to combat the presence of quacks and protect the interests of the public.
Additionally, governments should enforce strict regulations in the real estate sector, ensuring that only licensed professionals are allowed to operate. Implementing minimum qualifications, conducting background checks, and regular audits of real estate agents and agencies can help maintain the integrity and professionalism of the industry.
By taking these proactive measures, the real estate industry can effectively curb the spread of quacks, foster transparency, and build trust among all stakeholders, ultimately ensuring a safer and more reliable real estate market for everyone involved.
Oluwakayode Abe contributed this article through abeoluwakayode99@gmail.com
Inspection Fee and Its Negative Impacts on Real Estate Transactions,
National News
NIMC Promotes 523 Staff Members
NIMC Promotes 523 Staff Members
By: Michael Mike
The DG/CEO of the National Identity Management Commission (NIMC), Engr (Dr) Abisoye Coker-Odusote has approved the promotion of 523 Staff of the Commission.
The promotion, according to a statement on Saturday by the spokesperson of the Commission, Dr. Kayode Adegoke is in line with President Bola Tinubu’s Renewed Hope Agenda.
Adegoke said: “This is a statutory part of the performance reward system for Staff who sat and met the pre-requisite conditions as spelt out in the Public Service Rules (PSR) in the 2025 promotion exercise.
He disclosed that accordingly, two staff members were promoted to the Director’s cadre (GL 17), and eight staff members moved to the Deputy Director cadre (GL 16) and 35 staff staff members promoted to the Assistant Director cadre (GL 15).
He further disclosed that 35 staff were promoted to the level of Chief Identity Officers (GL 14), with 109 moving to Assistant Chief Identity Officers (GL 13).
Adegoke said 113 officers moved to the rank of Principal Identity Officer (GL 12), while 82 were promoted to Senior Identity Officer ranks (GL 10), and 130 to the rank of Identity Officer 1 ( GL 9).
The DG/CEO congratulated all the promoted staff and charged them to see the promotion as an opportunity to serve the country better. She reiterated zero tolerance for extortion and warned staff to desist from it.
Engr Coker-Odusote, furthermore, encouraged all staff members of the Commission to work harder in the coming year 2026 and ensure the successful implementation of the National Identification Number project. She reiterated her commitment to prioritise staff welfare and ensure the dignity of labour.
NIMC Promotes 523 Staff Members
National News
VP Shettima Extols Gov Uzodimma’s Progressive Leadership At 67
VP Shettima Extols Gov Uzodimma’s Progressive Leadership At 67
By: Our Reporter
Vice President Kashim Shettima has congratulated Imo State Governor and Chairman of the Progressive Governors Forum (PGF), Senator Hope Uzodimma, on his 67th birthday, saying his exemplary and progressive leadership within the All Progressives Congress (APC), his state, and the nation at large is worthy of emulation.
He noted that as Chairman of the PGF, an umbrella body of Governors elected on the platform of the All Progressives Congress (APC), Senator Uzodimma has demonstrated exceptional capacity to unite and galvanise the party’s Governors towards achieving a collective vision for Nigeria’s development under President Bola Tinubu’s Renewed Hope Agenda.
The Vice President on Saturday, described the age of 67 as an important milestone in the life of Uzodimma, noting that the special moment reflects how far the Governor has come, and sets the stage for what lies ahead.
Acknowledging how Uzodimma’s “exemplary leadership as Executive Governor of Imo State continues to inspire confidence and progress,” VP Shettima described the PGF Chairman as a committed servant of Nigeria.
“Your recent appointment by His Excellency, President Bola Ahmed Tinubu, GCFR, as Renewed Hope Ambassador is a well-deserved recognition of your unwavering dedication to the ideals of our administration and your proven ability to articulate and champion the transformative agenda of the Renewed Hope mandate across our nation,” the VP told the Governor.
This singular honour, Senator Shettima said, reflects President Tinubu’s confidence in Governor Uzodimma’s leadership and commitment to national progress.
He observed that the Imo State Governor’s strategic governance, infrastructural achievements, and dedication to the prosperity of his state exemplify the progressive leadership Nigeria needs at this crucial time.
The Vice President prayed the Almighty God to grant Governor Uzodimma continued wisdom, good health, and strength to sustain his “remarkable service to Imo State and Nigeria.”
VP Shettima Extols Gov Uzodimma’s Progressive Leadership At 67
National News
EU Invests Additional €45 million in Nigeria’s Digital Economy
EU Invests Additional €45 million in Nigeria’s Digital Economy
By: Michael Mike
The Europe Union (EU) is investing an additional €45 million in Nigeria’s digital economy.
The package was signed by the Nigerian Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, and the European Commissioner for International Partnerships, Jozef Síkela in Brussels.
A statement on Thursday by EU read: “At the EU-Nigeria Digital Open Day, which just took place in Brussels, a €45 million programme completing the EU Digital Economy Package for Nigeria was signed between Nigerian Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, and the European Commissioner for International Partnerships Jozef Síkela.
“This investment will further support the cooperation in digital sector between Nigeria and the European Union.”
The European Commissioner for International Partnerships, Jozef Síkela, said: “Global Gateway is about delivering new opportunities, and the EU-Nigerian cooperation in the digital area has a very strong potential to do exactly that. Our approach to digitalisation is based on skills-transfer, open standards, data protection, privacy and security. This way, we make sure that technologies truly enrich human lives. The new package will take our efforts even further by supporting modern e-public services and investing in the skills that will prepare Nigeria’s youth for the digital future.”
The Nigerian Minister of Communications, Innovation and Digital Economy, Bosun Tijani added: The EU–Nigeria digital economy cooperation reflects our shared belief that digital transformation must provide a platform for growth in productivity driven by technology. As part of this, Project Bridge provides a commercially sustainable entry point for European investors and suppliers to participate in deploying an open-access fibre network at scale. Combined with our leadership in Artificial Intelligence, Digital Public Infrastructure and programmes such as 3 million Technical Talents, Nigeria offers European businesses a market where talent, demand and policy alignment converge to support long-term investment and expansion.”
The programme signed on Thursday includes a flagship Global Gateway support to the Project Bridge that aims to deploy 90 000 km of fibre-optic backbone across Nigeria. This project is the country’s most ambitious digital investment supported by loans from the European Bank for Reconstruction and Development, World Bank and African Development Bank.
The €45 million grant supports the preparation of this strategic project with technical assistance and equipment in three complementary ways: for the detailed fiber optic network design, for local skills development and for the supply chain deployment with the mobilisation of the EU private sector.
The EU programme will also contribute to modernise Nigeria’s public administration through secure, user-friendly digital services. it also involves targeted support for Nigeria’s nationwide digital-skills programme, helping train a new generation of technicians, engineers and IT specialists.
According to the statement, this is essential to create new jobs, because large-scale digital projects can only work if the local workforce can maintain, operate and innovate on these networks.
The objective of the EU-Nigeria Open Digital Day was to facilitate access to information for European investors and suppliers interested in participating in the Nigerian digital ecosystem. The focus was on the Project Bridge, presented as an opportunity for collaborations between the EU tech sector and Nigeria.
With this €1.7 billion flagship project is projected to extend Nigeria’s total fibre to 125 000 km (+70%), making it the third-longest terrestrial fibre-optic infrastructure in Africa, following Egypt and South Africa.
Digitalisation is a priority area for the EU-Nigeria partnership as reflected in the €820 million Digital Economy Package launched in 2022 under the EU Global Gateway strategy. The EU-Nigeria collaboration in this sector spans from connectivity to digital skills, entrepreneurship, service and governance with multiple projects.
Nigeria’s digital economy has potential to create jobs, foster economic growth and open greater democratic space in Africa. Nigeria hosts big companies, and Lagos offers digital and business ecosystem with incubators, access to finance and digital service platforms. It has the biggest e-commerce market in Africa with 87 platforms, employing some 2.9 million people.
It is also leading on the continent on digital and start-ups – of the 8 existing African unicorns, 6 are Nigerian, with impressively dynamic States (Lagos) eager to create an ecosystem that promotes innovation, youth and growth largely led by the digital sector.
Global Gateway is the EU’s positive offer to reduce the worldwide investment disparity and boost smart, clean and secure connections in digital, energy and transport sectors, and to strengthen health, education and research systems.
The Global Gateway strategy embodies a Team Europe approach that brings together the European Union, EU Member States, and European development finance institutions.
Together, they aim to mobilise up to €300 billion in public and private investments from 2021 to 2027, creating essential links rather than dependencies, and closing the global investment gap.
EU Invests Additional €45 million in Nigeria’s Digital Economy
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