The accuracy and reliability of asset declarations are critical to enhancing transparency, curbing corruption, and promoting public trust in governance. In Nigeria, the current asset declaration framework often suffers from arbitrary property valuations, with many declarants relying on outdated purchase prices, inherited values, or speculative figures. This study investigates the prevalence, causes, and implications of such practices, and evaluates the potential of institutionalizing professional property valuation within the declaration process. Data were collected from 100 respondents, comprising estate surveyors, Code of Conduct Bureau officials, legal experts, and public officers, and analyzed using inferential statistics via SPSS v25. Findings revealed a high awareness of arbitrary valuation practices (overall 71.25%) and strong support (80.75%) for mandatory certified valuations by government-approved estate surveyors. The study further identified an opening in the current declaration forms, which lack a verification mechanism for property values, and recommended integrating a professional valuer’s seal as a legal requirement. By institutionalizing certified property valuation, Nigeria can significantly enhance the credibility of its asset declaration regime and foster a more accountable public service.
