AMCON, Estate Surveyors Collaborate On Assets Sales

Ahmed Kuru, managing director/CEO Asset Management Corporation of Nigeria (AMCON), has said Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) would continue to be involved in its activities due to their critical role in asset sales.

This Kuru said while receiving a delegation from ESVARBON led by its Chairman, Nweke Umezuruike.

He stated that such collaboration is much needed this time in the life of AMCON given the pile-up of assets, which AMCON has to sell to meet its mandate at the end of the day.

“Valuers determine a lot of what we do in terms of assets sale. We, therefore, consider ESVARBON as key stakeholders in our recovery mandate and will always encourage this sort of interaction,” Kuru said.

“That is why I have always said that conservativeness is very key in the valuation business because it is critical to how we (AMCON) go about the disposal of the assets we have in our portfolio.

“We have always engaged your members and we will continue to engage them to handle our valuations and the reports they come up with will affect our decisions.

“So, we will continue to work with ESVARBON because your job as estate valuers have both negative and positive impact on AMCON.”