Programme: Estate Manangement
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Item Methods of Intellectual Property Valuation in Nigeria: Preference of Estate Surveyors and Valuers in Southwest, Nigeria.(Journal of Harbin Engineering University Vol 46 No. 7, 2025-06) Ibisola, A. S.; Ayedun, C. A.; OLOKE, Olayinka C.Estate Surveyors and Valuers (ESVs) are by laws, education and training recognised and adjudged as the most qualified professionals to determine the value of interests in property in Nigeria. In doing this, many processes and ingredients are necessary to be blended together to arrive at acceptable and market compliance value. One of such tools or ingredients are the methods of valuation adopted in the course of the valuation processes for different purposes and at a specific point in time. This study evaluates the preference of ESVs among the various methods of IP valuation in Nigeria. Total number of 247 questionnaires was used to elicit data from the practicing ESVs in Southwest, Nigeria. The data obtained were analysed with the use of Relative Importance Index (RII). It was found that the sampled ESVs preferred the use of Rule of Thumbs methods of IP valuation on the basis that the methods are very easy to use and devoid of rigorous calculations. Findings further showed that ESVs preferred the use of Discounted Cash Flow (DCF) and premium profits approaches as variants of income-based methods. The study therefore recommended the inclusion of valuation of IP in the valuation curricula of institutions offering Estate Management in the study area.Item Investigating the dynamics of financial risk impact on property development in Lagos state, Nigeria(ICSSD 2024 (IOP Conf. Series: Earth and Environmental Science), 2025) OLOKE, Olayinka C.; Adenekan, P. J.; Nwaniocha-Emegha, C. K.; Nwanwko, C. F.This study examines the dynamics of risks of financing real estate development in Nigeria with particular emphasis on property development projects in Lagos state, taking into cognizance the current wave of macroeconomic instability in the country. Property development companies and real estate surveying and valuation firms that are involved in property development and registered with the Real Estate Developers Association of Nigeria (REDAN) constituted the study focus. Convenience sampling technique was engaged to select 100 respondents for the administration of questionnaires and a response rate of 86% was achieved. Basic statistical tools of frequency, percentages, charts as well as principal component analysis were engaged for data analysis which was eventually presented in tables, text and charts. Findings revealed amongst others that residential property development constituted the largest portfolio of development projects among the firms while regulatory risks, financial risk and market risks constituted the top three challenging risk facing real estate development projects in recent times. The study suggests the use of foreign direct investment in the form of off-shore finance procurement and patronage. The study also recommends dedicated team of professionals to oversee and ensure necessary regulatory compliance and communication.Item A review of sustainable housing preferences and affordability(7th International Conference on Science and Sustainable Development and Workshop, 2024) Mushanga, S.; OLOKE, Olayinka C.; Olukanni, D. O.The review examined the potential connections between sustainable housing, and sustainable affordability of such housing while meeting the housing preferences of various households. It is widely known that many lower-income countries are facing a housing crisis, and it is crucial to address this issue by providing affordable housing that meets individual needs while also promoting environmentally friendly living. This review paper Is centered on the research question: How can sustainable housing be made more affordable and accessible to all households while meeting their housing preferences? A qualitative study of 66 publications from 2019 to September 2023 found that sustainable housing offers ecological and energy-efficient benefits, but there are barriers to scaling up these models, including economic, cultural, and legal challenges. Housing preferences are influenced by factors such as cost, location, and amenities, with affordability being a significant concern. While environmental and economic sustainability can positively impact housing prices in turn affect the affordability of such housing, the initial investment costs can be challenging for lower-middle-income households. The review further established that Sustainable housing, housing preference, and affordability are broad topics that have been explored by many researchers. However, there are still some research gaps that need to be addressed. There is a significant gap in how sustainable housing can be made affordable to all households while meeting their housing preference hence the need to explore the intersection between sustainable housing, housing preference, and affordability by carrying out empirical research to identify ways in which sustainable housing can be designed and built to meet the needs and preferences of low-income households while remaining affordable.Item Efficacy of Closed Circuit Television in Security Management of Commercial Properties in Lagos Metropolis, Nigeria(International Journal of Safety and Security Engineering Vol. 14, No. 6,, 2024-12) OLOKE, Olayinka C.; Keke, Onyinye V.; Mushanga, Sipiwe; Nwokolo, Benita O.This study investigates the efficacy of CCTV as a crime control and management apparatus in commercial premises. Shopping malls and storage facilities with closedcircuit television systems as part of security arrangements were identified at different locations across the state. A total of 171 copies of structured questionnaires were administered, and a response rate of 77.2 percent was achieved. Data on safety and security breaches, as well as CCTV footage between 2018 and 2023, were obtained. Descriptive and inferential statistics from Excel analytics tool packs were used for the analysis. Results were presented in tables and figures, followed by a robust discussion. The study observed that CCTV has not been able to completely deter the incidence of criminal acts and that CCTV was found to be more effective in shopping malls than the warehouses, although the difference is statistically insignificant. The study further showed that power and technical issues are the top two challenges of CCTV usage in shopping malls, while personnel and power are the top two challenges at the warehouse. The study suggested an alternative power supply for the CCTV and the use of experts for acquisition, installation, and operation.Item Users’ Perspective of Surveillance Camera Usage in Multi-Tenanted Buildings in Lagos State, Nigeria(WSEAS TRANSACTIONS on ENVIRONMENT and DEVELOPMENT, 2025) OLOKE, Olayinka C.; NWOKOLO, Benita O.