R-L: FRC Executive Secretary/CEO, Amb. Shuaibu Adamu Ahmed (R) receiving a souvenir from the President of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), ESV Johnbull Amayaevbo (L), during NIESV’s courtesy visit to FRC in Lagos recently.
The President of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), ESV Johnbull Amayaevbo, in company of Council members of the Institution, paid a courtesy visit to the Financial Reporting Council (FRC) of Nigeria Head Office in Lagos recently.
In his address, the President said, “We are here today to assure you of our support towards the attainment of the mission and vision of the Council. We also seek to identify ourselves with the lofty ideas of your administration towards integrating the financial and valuation standards among professionals and other targets of the Council services.
“We are of the opinion that the functionality of the Directorate will speedily address the issue of none or partial compliance with the Valuation Standards by Financial Reporting Entities,” he noted.
FRC’s Executive Secretary, Amb. Shuaibu Adamu Ahmed, in his welcome remarks, said, “We are just at the verge of working towards achieving one of the Key Performance Indicators we set for ourselves for 2022 which is the establishment of Valuation Standards Directorate.
“We decided at the beginning of this year we will try to establish one of the two missing directorates this year and then try to set up the other one next year. We chose to set up the Valuation Standards Directorate this year,” he added.
The FRC boss thanked the Institution for its voluntary offer of assistance towards the establishment of the Directorate.
He called on NIESV to partner with FRC on trainings and capacity development programmes in Valuation Standards before the year comes to an end.