A legal practitioner, Ademola Adefolaju, has demanded the payment of N83.3 million from a real estate firm, PWAN Group Limited, being his client’s outstanding Indebtedness.
The lawyer’s client, Dhairmistress Luxury Hair, had entered into a buy-to-sell contract agreement with the real estate company.
The lawyer’s client, Dhairmistress Luxury Hair, had entered into a contract agreement with the real estate company an accommodation.
During the alleged failed contract, Dhairmistress Luxury Hair, was said to have invested it’s hard-earned money into the company expecting a total sum of N88.3 million, as Return on Investment (RoI), but real estate firm only paid N5 million, while the sum of N83,300,000 remained unpaid.
The lawyer also alleged that all the cheques issued by the firm were dishonoured upon presentation for payment.
Owning to the above, the lawyer called on the real estate firm to immediately pay his client the outstanding balance of N83.3 million, to avoid involvement of security agencies and legal actions.
The lawyer’s letter reads in parts: “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. Following the issuance of our demand, we acknowledge receipt of the sum of N5, 000, 000.00 paid by your company on 29th May 2026.
“While this payment is noted, it constitutes only a partial payment and does not extinguish your company’s liability.
For the avoidance of doubt: Amount due under first transaction: N79,800,000.00; Amount due under second transaction: N8,500,000.00: Total indebtedness: N88,300,000.00; Less amount received: N5,000,000.00 Outstanding balance: N83,300,000.00
“Kindly note that our client did not request payment of N5,000,000.00 as a settlement of the debt. The demand remains for the full outstanding obligation, less any verified payments received.
“Accordingly, you are hereby given forty-eight (48) hours from receipt of this letter to liquidate the outstanding balance of N83, 300, 000.00 to the account details below; Account Name: Ademola Adefolaju Legal Practitioners: Account number: 0124666575: Bank: Wema Bank
“Take further notice that failure, refusal, or neglect to comply within the stipulated period shall leave our Client with no alternative but to immediately commence all necessary legal proceedings for the recovery of the debt, accrued interest, damages, and costs, without further notice to your company.
“You are also aware that the issuance and presentation of dishonoured (dud) cheques may constitute criminal offences under the laws of the Federal Republic of Nigeria, and our Client reserves the right to report the matter to the appropriate law enforcement and regulatory agencies, including the EFCC, for investigation and necessary action.”
Efforts to have reactions to the letter from the company’s GMD phone numbers: +234 802 070 0501; +234 803 323 2585, were unsuccessful as both calls and messages sent to them were not returned.
