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My Landwey Investment experience: Another defrauded US based Nigerian cries out

Olawale Ayilara

Barely weeks after being accused of defrauding a Nigerian entrepreneur based in the United Arab Emirates, Olawale Ayilara and his Landwey Investment Limited, has again been accused by another Nigerian based in the United States of defrauding her of the sum of N14m and refusing to give her the house she paid for or refund money paid.
This is despite transferring her purchase to a different apartment and without commitment to a specific time for completion.
Recall that about three weeks ago, a Nigerian businessman based in the UAE had publicly accused Ayilara of defrauding him of the sum of N42m.
The Nigerian (name withheld) said that he was assured that his house for which he paid the money for, would be ready by November 2020. This was after he first deposited N5 million for the roofing of the house in June 2020.
Unfortunately, the company kept dribbling him for two years. When he asked for a refund of the full payment he made, he was told he would only get back 30 per cent of what he paid.
Following his public outcry, Ayilara proceeded to do some damage control by planting stories in the media of being a reputable organisation which only experienced a slight hitch in their operations which will be promptly addressed.
But no sooner had he embarked on his image laundry drive that another Nigerian (name withheld) called him out for defrauding her and refusing to allot her a permanent allocation on the purchase of an apartment in their Urban Prime (UP) development, despite keeping her own side of the bargain.
Here is her story below:
I am a Nigerian woman working in USA. I wanted to purchase an apartment in Lagos as a place to stay with my family whenever I visited and as an investment property. This is how I found out about Oxygen Holdings Nigeria, doing real estate business as Landwey Investment online.
The presentation of substantial development on their website, promotional videos by well-known realtors, along with endorsements from Nigerian singer, Timi Dakolo and Omoni Oboli plus awards proved quite compelling, so I contacted them in February 2021 to acquire a one-bedroom unit in their new UP development on Ogombo Road, off Abraham Adesanya, Lagos.
After receiving the terms and conditions of sales, I gave Landwey an initial deposit of N3,012,625 that month to enter into a 12-month payment plan contract for my unit upon Landwey’s instruction, and then made additional payments throughout June 2021 to reach N10, 534, 200, which amounts to 50% of the total purchase price (N19,467,000), the threshold required for construction of my apartment to begin.
Prior to making the initial deposit, I had informed Landwey representative of my need for a secured accommodation, as well as my date for occupancy starting December 2021. However, during this period, I did not receive an alert from Landwey about potential difficulties with meeting my demand close to the requested need date.
After June 2021, I received an allotment “subject to change” from Landwey, followed with a contractual purchase document which did not specify my allocated unit, nor did it reflect an estimated date for completion. I immediately pointed this out to Landwey representatives as a major concern and requested for an adjustment to align the contract terms as per our initial agreement and terms prior to making deposits.
In response, Landwey verbally committed to completing my unit and assured me my allotment would be ready for inspection and occupancy by December 2021 but did not make the requested adjustment in writing.

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