NIESV PPE case studies
NIESV PPE · Put your knowledge to work in context.
The NIESV Professional Practice Examination (PPE) is the professional practice stage of the pathway to becoming a registered estate surveyor and valuer in Nigeria, taken after the academic and probationer stages and set at the level of someone ready to sign reports and advise clients in their own name. Candidates are typically probationers or graduate estate surveying and valuation practitioners working under supervision, plus others moving toward registration with the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON). The NIESV PPE case studies are 5 cases and about 4,421 words.
1The Bank Instruction With a Target Number
You are the principal consultant (RSV) in a four-partner firm in Abuja. A commercial bank instructs your firm to value a 12-unit terrace development in Lugbe as security for a N336m mortgage, and asks for the report in five working days for a fee of N850,000.
957 words, about 5 min2The Office Block With Two Problems in the Deeds
You are instructed by a mortgage bank to value a purpose-built five-storey office building on Awolowo Road, Ikoyi, for a N700m facility. The building has 3,200 m² net lettable area on a statutory right of occupancy granted by a Certificate of Occupancy dated 1 January 1985 for 99 years.
712 words, about 4 min3The Expressway Revocation at Ogunmakin
A Federal Ministry of Works notice revokes 4.2 hectares of your client's 6-hectare site at Ogunmakin, Ogun State, for the Lagos–Ibadan expressway expansion. The client, Ridgeway Logistics Ltd, holds a Certificate of Occupancy dated 2010 for 99 years.
1,030 words, about 5 min4The Off-Plan Sale, the Three Transfers and the Missing Approval
Your firm is sole agent for Lekki Pearl Ltd's 40-unit off-plan estate at Ajah, Lagos, at 5% commission payable 'on introduction of a purchaser who completes'. You introduced Mrs A, who has paid N85m of the N170m price in three tranches from three different company accounts, one of them an offshore shell company whose ownership the developer cannot explain.
971 words, about 5 min5The Serviced Apartment Conversion and the Twelve-Year Fixed Rent
A PENCOM-regulated pension fund owns a 24-unit block of two-bedroom flats in Wuse II, Abuja, built in 2009 and carried in its books at N1.9bn; a recent valuation is N2.4bn. The flats let at N7.2m per annum each, occupancy has averaged 85%, and operating expenses, including the managing agent's fee, run at N48m per annum.
751 words, about 4 min