Real Estate Practitioner Wants Public To Apply Due Diligence In Property Investment

A frontline Real Estate Practitioner and Chief Executive Officer of Swisszaco Limited,Dr.Julius Ononyumolo ,has advised members of the public ,especially those seeking to invest or acquire property to always apply due diligence before making their investment.

Speaking at the sideline of a lecture/workshop organised by Chicago Business School in collaboration with the Economic Finance and Crime Commission (EFCC) for Real Estate Managers and Realtors in Port Harcourt, Dr.Ononyumolo ,stressed the importance of apply due diligence when it comes to  investing in property, saying that following due diligence will help members of the public or would be investors or a Realtors to identify which property is fake and which is not.

He maintained that the lecture from officials of the EFCC, was to sensitise members of the public and Real Estate managers including Realtors on the dangers of economic crimes, adding that the lecture will  boost  images of practitioners and help them to apply their trade in the best interest of the public  and even scale off land grabbing activities and fake agents from the system.

Dr.Ononyumolo who is also a United Nation Peace Ambassador condemned the rising trend in land grabbing,pointing out that the  ugly trend  is not in the best interest of the public and the business community, but quickly added that in Swisszaco limited their ultimate and set goals is anchored on  due diligence and giving investors value for their money.

“Well, I think this depends on the vision of the organisation. At Swisszaco Limited, we practice value and apply due diligence in any investment made in property and sales. This helps us to directly give our clients value for their money” Amb.Julius said.

The Swisszaco boss explained that as a corporate organisation they strive to ensure that the  best practice is followed in line with relevant laws of the land and the regulatory agencies, stating that it was the obvious reason the EFCC came to sensitise members of the public and staff of his organisation.

He warned against  lawless practice regarding Real Estate operations in the country ,saying it will lead to lack of trust for real Estate managers and Realtors while  calling for a change of attitude from those perpetrating the act before the law catches on.

“I want to advise those hiding under the pretenses of Real Estate business to grab peoples land to stop. Because these activities can even harm genuine practitioners of our reputation” he stressed.

Asked why his company  combines Real Estate with Chicago business school? Amb.Julius Ononyumolo clarified thus “what Chicago business School does in Nigeria is that, our school functions as a satellite campus. And  we are affiliated with about 20 universities abroad, adding “ in Chicago Business School, degree programmes and courses are offered especially for some of those that cannot travel abroad to study” he maintained.

He hinted  that the projection of Swissacaco limited is to further expand its branches even though their presence is already felt in some developed and major cities of the world.