New fellows of the Nigerian Institution of Estate Surveyors and Valuers and those planning to set up have been advised to think carefully about the quality of the system and processes from day one to avoid the possibility of future problems and un-expected expenditure later on in the business life.
This was stated by Mr Gersh Henshaw, the Chairman, Interim National Council on Induction of Fellows, at the 23rd John Wood Ekpenyong Memorial Lecture and Fellow’s Induction in Victoria Island, Lagos, recently.
Consideration must be paid to business systems and processes on an on-going basis and not simply when problems start to occur, he said.
Henshaw stated that corporate governance systems and processes should be adapted to meet ever changing real estate business needs and requirements.
He said for high standards of professionalism to be maintained to earn the respect of the clients and the public at large, the NIESV and ESVARBON need to educate members on the importance of good corporate governance systems and processes in real estate profession, most especially at this time that Nigeria is undergoing what can be described as technical and economic recession.
The chairman, John Wood Ekpenyong Memorial Lecture, Mr Nweke Umezuruike stated that it was right to give honour to whom honour is due in regards to John Wood Ekpenyong and others that followed him deserve to be honoured properly.
The president of NIESV, Mr Bolarinde Joshua Patunola-Ajayi, in his welcome address enjoined Fellows to update themselves as well as equip themselves with the latest information and exposure in order to be the best in the world.
The late John Wood Ekpenyong was a foundation Fellow of the Nigerian Institution of Estate Surveyors and Valuers. He was also a Fellow of both the Royal Institution of Chartered Surveyors, the Auctioneers and Estate Agents Institute of London. He was elected the first president of the institution, at its inception in 1969 and served in that capacity until 1972.