Secretary, Association of Capital Market Valuers , Ademola Adetola ; ACMV Chairman, Chudi Ubosi and President, Nigerian Institution of Estate Surveyors and Valuers, Sir Emmanuel Wike during a workshop organised by ACMV and Securities and Exchange Commission in Abuja.
He expressed concerns that valuers are in most cases influenced by the whims and caprices of their principal as against the interest of the investor and the market, coupled with the widespread disparity in valuation of same asset by different valuers. “The provision of this service, therefore, galvanise trust and confidence in the integrity of related transaction and is without doubt a direct positive consequences of the critical role of asset valuation for the proper working of the capital market and specifically. The essence valuation in the market cannot be overemphasised.
“This status when attained enhance the quality of valuation prices and engender approved public perception and user confidence in the association and its members. The commission will supports in the development of functions specific standards and codes to boost your activities as valuers,”he added.