A legal practitioner, Ademola Adefolaju, has demanded payment of an alleged outstanding debt of N83.3 million from PWAN Group Limited on behalf of his client, Dhairmistress Luxury Hair.
In a letter dated June 4, 2026, addressed to the Managing Director of PWAN Group Limited, Adefolaju said the alleged indebtedness arose from contracts executed between his client and the real estate company.
According to the lawyer, the total amount claimed by his client stands at N88.3 million, comprising N79.8 million from a first transaction and N8.5 million from a second transaction.
The lawyer acknowledged receipt of N5 million allegedly paid by the company on May 29, 2026, but maintained that the payment represented only a partial settlement of the claimed debt.
He stated that after deducting the N5 million payment, the outstanding balance remained N83.3 million.
“We refer to our Final Demand Notice regarding the outstanding indebtedness owed to our Client, DHAIRMISTRESS LUXURY HAIR, arising from the contracts executed between our Client and your company,” the letter stated.
“Following the issuance of our demand, we acknowledge receipt of the sum of N5,000,000.00 paid by your company on 29 May 2026.
“While this payment is noted, it constitutes only a partial payment and does not extinguish your company’s liability.”
The lawyer further stated that his client did not request the N5 million as a full and final settlement of the alleged debt and insisted that the balance remained payable.
Adefolaju gave the company 48 hours from receipt of the letter to settle the outstanding balance, warning that failure to do so could result in legal action for the recovery of the claimed debt, interest, damages and costs.
The letter added that the client reserved the right to report the matter to relevant law enforcement and regulatory agencies, including the Economic and Financial Crimes Commission (EFCC).
The lawyer also alleged that dishonoured cheques had been issued in connection with the transactions, noting that such conduct may constitute offences under Nigerian law.
As of the time of filing this report, PWAN Group had not publicly responded to the allegations contained in the letter.
