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21.04.2025 Featured PWAN Homes Took Couple’s N12m. No Land, No Refund 3 Years Later

Published 21st Apr, 2025

By Abimbola Abatta

In 2022, when Kelvin Umeh, an Abuja resident, paid N12 million to PWAN Homes for plots of land on behalf of his sister and her husband living abroad, he did not expect that pleading for allocation would become part of the process.

Umeh told FIJ that PWAN Homes was running a promotion for plots of land available for sale at the company’s Flourish Luxury Villas Centenary in Enugu State.

His aunt and her husband, who were interested in buying plots of land in Enugu, assigned him to oversee the purchase and other processes involved in the acquisition.

They opted for a promo option that required them to pay N11,250,000 for two plots.

The promo. Image source: Kelvin Umeh
The promo. Image source: Kelvin Umeh

READ ALSO: Man Paid N1.05m for 4 Plots. 10 Years Later, PWAN Homes Had Allocated No Land

In addition to the N11.2 million, they were required to pay N750,000 to cover deeds of assignment, survey plans and corner-piece demarcation. This additional price brought the total sum paid to N12 million.

Documents reviewed by FIJ showed that the couple paid this money in six instalments between April 11 and July 29, 2024. Payment was made in this manner: N4.05 million on April 11, N4 million on May 7, N3.2 million on May 30, N400,000 on June 2, N150,000 on June 14 and N200,000 on July 29.

One of the payment receipts.
One of the payment receipts.
Sales receipt from PWAN
Sales receipt from PWAN
Sales receipt from PWAN
Sales receipt from PWAN

Three years later, PWAN Homes failed to allocate the plots of land. All Umeh has been getting from the company are failed promises.

“I flew to Enugu for inspection before payment, and PWAN showed me the supposed land. Immediately we finished the payment, they said the allocation would come up. They told me that they allocate once a month,” Umeh said.

“They sent contracts that we signed. But for them to show us the exact plot of land, they have been giving one excuse after another. They keep promising and promising.”

READ ALSO: Posing as Real Estate Agent, Jonathan Daodu Scams Student of N1.6m

FIJ learnt that Umeh hired a lawyer in 2024 to write to PWAN Homes, and the real estate company said their legal team would communicate with the lawyer.

The letter, dated October 15, directed the company to refund the couple’s N12 million. It reads in part:

Our clients have further informed us that after waiting vainly for two years for your company to allocate their land to them and grant them possession, they grew worried and sought explanations from you. It is our client’s report that your response was that the estate was over- subscribed and that you do not have land at the Estate for them. Rather you have proposed to re-allocate lands elsewhere to them; a proposal which our clients find absolutely unacceptable.

Please note that the fact of allowing the estate to be over-subscribed
is criminal and has strongly established that your company
deliberately and intentionally defrauded our clients of their hard-
earned funds. This is an important legal angle which our clients have
no intention to overlook.

Despite involving a lawyer to push for the N12 million refund, PWAN Homes has refused to either allocate the original land or refund the payment.

“They told me that they would allocate another land close to the first place they showed us during the inspection. While that is not good enough because this means they probably had no land available at the time they took us for inspection, the company has still not allocated anything to us,” Umeh told FIJ.

FIJ emailed PWAN on Thursday, but no response had been received at the time of publication.

11 replies on “PWAN Homes Took Couple’s N12m. No Land, No Refund 3 Years Later”

I am also a victim of this same pwan homes i paid for 2 plots of land at Flourish garden city Akodo. Till date there is no allocation. It has been one story Or another. This company is fraudulent.

Fraudulent company same with my clients who paid for land and did their buy to sell.

EFCC, SEC and CBN needs to list PWAN as a ponzi scheme.

This is not good for business , this couple started payment of a property for almost three years and just completed their payment only july last year. So when you want to report we can see that it’s just about 8months that they have waited for allocation and not 3years as you have put it here. Were the couple expecting the company to give them allocation for property they haven’t completed payment for? This is not right in my own opinion.

Im a staff of PWAN HOMES and I would love to resolve this matter as amicably and as quickly as possible, so if it would be possible. Please let the affected persons or investors reach out to me on my mobile number, call or Whatsapp: 09074859784.
I’ll make sure to get to the root of this matter ensure he gets his allocation. Please make sure he reaches out to me. Thank you as I await your response.

This complainant is not at it alone with the company.
Here in Lagos State my Brother is facing the same plight involving land allocation the transaction that has been hanging with same company since over a decade ago.
That brings me to the big QUESTION of the Intergrity of the so-called *Real Estate Association* under the umbrella of a which they operate.

This complainant is not at it alone with the company.
Here in Lagos State my Brother is facing the same plight involving land allocation. With all financial obligations met, the transaction that has been hanging with same company since over a decade ago is yet to see the light oftheday.
That brings me to the big QUESTION of the Intergrity of the so-called *Real Estate Association* under the umbrella of a which they operate.

There own is even small,I bought my land since 2018 in ibeju leki lagos from plan group and up till now I haven’t been allocated, the company is fake and not to be trusted,

People do anything they want. If the system is operational, the owner or shareholders should have their license revoked and imprisoned.
I have acres of property in Epe, Lagos, if you are interested in purchasing it.
08029461323

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Published 21st Apr, 2025

By Abimbola Abatta

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