The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called for vigilance over the invasion of the estate agency practice by foreign interests and pseudo practitioners, otherwise called quacks. The institution notes that foreign estate agency practitioners, mostly from the United Kingdom, Dubai, France and the United States come into Nigeria, check into high-class hotels, advertise their presence in the newspapers, and thereafter invite prospective Nigerian investors to their suites in order to arrange property investment abroad for them. Worried about this development and its implications for its members whose profession as critical stakeholders in the Nigerian real estate sector is at risk, and the government whose economy is under threat with rumours everywhere of money laundering through real estate investment, the institution laments that the alarm it has raised in respect of this to the Economic and Financial Crimes Commission (EFCC) has not received any
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