Estate MGT Adedokun Siwes Report-2
Estate MGT Adedokun Siwes Report-2
Estate MGT Adedokun Siwes Report-2
AT
BY
FPA/EM/19/1-0004
SUBMITTED TO
EKITI-STATE
------------------------------------ ----------------------------------
ESV T.C Ijagbemi Date
(HOD)
------------------------------------- --------------------------------
(SIWES CO-ORDINATOR) DATE
DEDICATION
This report is dedicated to Almighty God for the complete success of the SIWES
program .I dedicate it to my parents, Mr. and Mrs. Adedokun for their financial
appreciation, for the protection of my life during, and after, the four months
I acknowledge the effort of my loving and caring parents, Mr. and Mrs.
Adedokun for their support both financially and morally throughout the
program.
ABSTRACT
formulated by Industrial Training Fund (ITF) to train and aid student of Nigeria
Higher Institution in order to gain one experience or the other in their course of
studies in order for them to be able to practice what they have been taught in the
of the National Diploma (ND) Award in their respective area attachments. One
of the challenges faced by students that are attached to areas not related to their
students by providing them some basic necessities such as some token fee for
Cover page
Title page------------------------------------------------------------------------------------------i
Certification--------------------------------------------------------------------------------------ii
Dedication---------------------------------------------------------------------------------------iii
Acknowledgment ------------------------------------------------------------------------------iv
Abstract-------------------------------------------------------------------------------------------v
Table of Content---------------------------------------------------------------------------vi-vii
CHAPTER ONE
CHAPTER TWO
2.5 Valuation
CHAPTER THREE
3.0 Terminologies used SIWES report writing.--------------------------------------------14
CHAPTER FOUR
4.2 Summary---------------------------------------------------------------------------------14
4.3 Recommendation-----------------------------------------------------------------------14-15
4.4 Conclusion------------------------------------------------------------------------------15
CHAPTER ONE
INTRODUCTION
SIWES is the acronym for Students’ Industrial Work Experience Scheme. It is a skill
between the world of learning, industry and work with reference to a field of
institutions of higher learning for the industrial work situations which they are
to meet after graduation. The scheme equally helps to familiarize students with
work methods and expose them to the necessary experience to hand equipment
To prepare students for the work situation they are likely to meet after
graduation
interpersonal relationships.
To assist students to prepare for the transition into full-time employment in their
employment opportunities.
interrelationships.
staff members by comparing performance with job duties and develop a draft
plan with staff to accomplish performance needs, supervision plan and rewards.
To help Students in being able to develop a draft agency or project budget and
ESTABLISHMENT ACT
Established in 1971, the Industrial Training Fund has operated consistently and
painstakingly within the context of its enabling laws Decree 47 of 1971 as Amended in
the 2011 ITF ACT. The objective for which the Fund was established has been pursued
vigorously and efficaciously. In the four decades of its existence, the ITF has not only
raised training consciousness in the economy, but has also helped in generating a corps
of skilled indigenous manpower which has been manning and managing various
CORE VALUES
Commitment
Loyalty
Integrity
GOVERNING COUNCIL
A Governing Council of thirteen members drawn from the public and private sectors
This is to reflect the co-operative spirit of the enterprise, the need for private
employers, organized labor, and the providers and users of training to co-operate in
As part of its responsibilities, the ITF provides Direct Training, Vocational and
Levy paid by employers of labor registered with it, and administers the Students
DIRECTORATES
ITF and the Minister of Industry Trade & Investment. The Director-General formulates
policies and provides corporate leadership and vision for the ITF. As Chief Executive
Officer, he presides over all Management deliberations of the ITF and directs all
directs financial transactions of the ITF in his capacity as Chief Accounting Officer.
VISION
To be the foremost Skills Training Development Organization in Nigeria and one of
MISSION
To set and regulate standards and offer direct training intervention in industrial and
The Bureau of land was formally called the Ministry of Land.It was split into two
1. Land service
3. Deed registry
4. Deed right
SPECIAL ADVISER ON
LAND MATTERS
EXECUTIVE SECRETARY
DIRECTOR OF LAND
SERVICE
SECRETARY
IT/SIWES
STUDENTS
CHAPTER TWO
During my Students Industrial Work attachment at the Bureau of land , I was able
v. Valuation of property,
Is carried out when an individual or corporate entity acquires land that belongs to the
government. However not all government lands can be regularize. Any land that will
be regularized must not fall within a government committed area and it must confirm
Regularization entails buying the land from the government. It is an expensive process
because after buying the land from the seller, the buyer still have to pay the
After regularization, the government releases the land and issues a certificate of
v. Certificate of Occupancy.
A Deed of Assignment is an important legal land document that records a sale of land
and transfers interest and title in real property from one party to another starting from
demanded by the buyer of the real property at the conclusion of a property transaction
and for it to be valid and binding on parties to the transaction; it must contain certain
ownership in land.
The main purpose of a deed of assignment is to transfer an interest or assign the title of
property from the seller (an assignor) to a new buyer called (the Assignee). For a deed
of assignment to fit the above purpose, it must contain certain details or particulars that
Date of transfer of ownership of the property from the vendor to the purchaser.
The full description/particulars of the property with fittings & fixtures where
applicable.
History of the property being transferred from the first time it was acquired to the
The consideration paid in respect of the property transaction (purchase price) and the
willingness of the vendor to accept the price paid for the property.
The nature of the transaction and the capacity of the assignor (vendor).
the best interests of the parties to the transaction are duly represented. The deed of
assignment is usually drafted by the assignee's legal practitioner and given to the
assignor (vendor) for vetting and execution. Where the property falls within an estate,
the assignor's legal practitioner may prepare the deed for the assignee's lawyer to
review.
title to the land. It acts as valid evidence of transfer, especially where there is a
contention as to the validity of the land or where a third party tries to claim ownership
It is also important that when the deed of assignment has been exchanged between the
parties to the transaction, it is recorded or registered with the appropriate land registry
where the land is situated for perfection purposes. Perfection comes at the post-
completion stage which involves obtaining the governor's consent, stamping of the
deed of assignment, and finally, registration of the document to show legal proof that
the property has exchanged hands and also to create public awareness that the property
necessary to be able to occupy the structure for everyday use, as well as to be able to
sign a contract to sell the space and close on a mortgage for the space.
A certificate of occupancy is evidence that the building complies substantially with the
plans and specifications that have been submitted to, and approved by, the local
applicant with the local authority before construction to indicate that the proposed
i. Obtaining of form
v. Sword affidavit
Valuation is the art and science of estimating the monetary worth of an interest that
asset or a company.
i. Measurements
ii. Taking the details of the property to determine the stage of the development
iii. Calculation
maintenance for the owner to make sure the property remains in great
ii. Repairs: Should the property require any home repairs, a manager will
communicate the issue with the owner and schedule repairs pending
approval. Common property management repairs include plumbing and
rental unit in order to identify any maintenance issues that need to be fixed
before they become expensive repairs and to ensure compliance with tenant
inspections.
ready condition in between lease terms, collecting keys and leased property,
and refunding the past tenant’s security deposit. A property manager will
vacated the unit on the agreed-upon date and time. The vacated unit has to
be inspected, cleaned and restored back to the condition it was at the start of
the prior lease term. If the property owner wants to make additional
improvements to the unit during the time, the manager can help coordinate
LAND: In the business sense, can refer to real estate or property, minus buildings, and
RENT: Rent is a periodic payment from a tenant to a landlord for the use of a
property.
TAX: a tax is a compulsory financial charge or a some other type of levy imposed on a
taxpayer.
LAND ALLOCATION: land allocation of state owned land for a certain purpose
LAND TENURE: This system can be define as the right and institution that governs
LAND ACQUISITION: The process of acquiring land for real estate purpose.
4.8 SUMMARY
The SIWES has provided a training ground where skill relating to how information
can be processed, manage, preserved, retrieved and documented. This has gone a long
way in equipping one in merging what has been learned in the lecture room to what
4.9 RECOMMENDATION
ICT’s development have put more pressure on the SIWES program to help students to
develop new skills, students should be aware of what the society holds for them and
adapt accordingly.
Finally, lecturers from the polytechnic should pay a schedule visits to the industrial to
5.0 CONCLUSION
The Student Industrial Work Experience Scheme (SIWES) is a skill training program
designed to exposed and prepare students in the Institution of Higher Learning for the
However, the situation described above represent the idea, but sometimes these are
achieved, as there are many problems militating against the success or it attainment.
One major problem is that sometimes, we student do not get placement for the four
months of attachment the situation become so hard that some student got to work
Invariably, job may be done half-heartedly because lack of financial support, even for
such basic needs as the transportation to and fro for the work. In some cases, students
are placed in job places and environment not related to their training, just to satisfy the