Scott Iguma vs. PWAN: Real Estate Giant Accused of Selling Receipts, Not Land

A social media firestorm has erupted in Nigeria’s real estate sector as outspoken influencer and real estate critic Scott Iguma accuses PWAN Real Estate Group of defrauding customers by selling receipts instead of actual land.

In a series of viral Instagram and X (formerly Twitter) posts, Iguma claims PWAN known for its Cedarwood Estates properties has collected payments from customers for land allocations that were never delivered.

“PWAN sells receipts, not land,” he stated in one widely circulated video. “If anything happens to me, PWAN should be the number one suspect.”

The controversy escalated on July 16 when Iguma was arrested and later remanded by a Federal High Court in Ikoyi, Lagos, on charges of criminal defamation, cyberbullying, and false publication. His remand is scheduled to last until July 21, pending further legal proceedings.

PWAN Responds: "Baseless, Damaging, and False"

In an official press conference, PWAN management, including CEO Dr. Julius Oyedemi, strongly denied the allegations, calling them "malicious and defamatory."

“PWAN has allocated over 75% of plots purchased and has refunded or reassigned the rest through proper legal procedures,” Oyedemi said. “Our estates, including Lekki Villa 2, were legally acquired with verifiable titles from 2017 and 2018.”

PWAN insists it has documents to prove its ownership and allocation process and says it has retained legal counsel to pursue defamation charges against Iguma.

Customers Speak Out

The story has divided public opinion online. While some accuse Iguma of seeking clout through controversy, others claim their experiences mirror his warnings.

A comment from one Nairaland user reads:

“I paid for a plot at Lekki Villa 2 since 2016. I still only have receipts. No land, no allocation.”

Others, however, report successful transactions with PWAN and question the influencer’s motives.

The Bigger Issue: Trust in Nigerian Real Estate

This controversy has reignited conversations around land allocation scams, receipt-only deals, and the need for regulation in Nigeria’s booming real estate sector. Legal experts warn that until land registry systems become more transparent and digital, such disputes will continue.

“This is not just about PWAN,” said a Lagos-based property lawyer. “It’s about a system that allows paper to pass as property without immediate verification.”

What Happens Next?

Scott Iguma remains in custody, with his next court appearance set for July 21, 2025. Meanwhile, PWAN is pushing back publicly and legally, vowing to protect its reputation.

As both parties gear up for a courtroom battle, one thing is clear: this is more than a personal feud it’s a reflection of broader cracks in the real estate landscape.