Utilization of secured lending valuations (SLV) by deposit money banks (DMBs) has not been sufficiently investigated in Abuja, Nigeria. Adequacy of the reports, factors influencing their use and how DMBs utilized them for loans were examined. Primary data collected from Estate Valuation (ESV) firms and DMBs were analyzed. Although the study showed that substantial portions of the report were adequate, crucial aspects such as valuation methods and value-opinions were not satisfactorily prepared. It also indicated that the poor perception of DMBs on valuation reports was the most critical factor that influenced their use. Value opinion, considered inadequate, was however sufficiently utilized. This inconsistency could lead to mortgage valuation failure in the city. The study recommends that valuation regulators should mandate ESVs to acquire periodic contemporary skills before their licenses are renewed. Lending regulators should similarly ensure that SLVs are processed by retained ESVs before utilization.
Key words: Utilization, valuations, secured lending, Abuja, Nigeria.