PWAN Group Announces Major Restructuring, New Leadership Appointments

Fadekemi Ajakaiye 

The PWAN Group, one of Nigeria’s leading real estate conglomerates, has undergone a significant restructuring of its leadership and operational framework to enhance efficiency and drive sustainable growth, according to a statement by the company.

In a landmark move, Dr. Michael Afamefuna Okonkwo, previously Managing Director of PWAN Legend, has been appointed as the Group Chairman, succeeding Dr. Augustine Onwumere, the Co-Founder and long-standing figurehead of the organization. However, Dr. Onwumere retains his position as co-founder and father figure for the group. Dr. Frederick Okpaje of PWAN Haven has also been named Group Vice Chairman.

Other key appointments include Dr. Vera Oberabor as Group Executive Director of Corporate Communications, Dr. Julius Olaniyi Oyedemi as Group Executive Director of Sales & Marketing, Dr. Mike Akhuetie as Group Executive Director of Recruitment, and Dr. Anthonia Abayomi as Group Executive Director of Finance.

The restructuring efforts will be spearheaded by the Group Managing Director (GMD) and Chief Executive Officer, Dr. Jayne Onwumere, who remains in her leadership role. Addressing the new changes, Dr. Onwumere highlighted the importance of the restructuring, noting that it was essential for addressing pressing internal concerns and positioning PWAN Group for future growth.

“We’ve grown to over 60 affiliate companies, and we’re expecting over 150 Managing Directors by next year. To ensure sustainable success, we must adapt,” she stated. Dr. Onwumere expressed confidence in the newly appointed leadership and urged directors and stakeholders to fully support the restructuring efforts.

“I believe this team of directors will bring something new. They are highly organized and determined to make a difference. I urge them to not only start but finish strong, as not everyone who starts finishes. This is a call to lead the group into a new season of better, stronger, and more structured organization,” she added.

Dr. Okonkwo, the newly appointed Group Chairman, echoed these sentiments in his remarks, pledging to address all outstanding issues, particularly those related to land allocation. He called on the affiliate companies to expand beyond land sales, stating that from next year, PWAN Group will mandate the construction of structures alongside land provision.

“PWAN Group has grown significantly, and our affiliate companies must start building. From next fiscal year, we will be known for delivering excellent buildings, not just lands,” Dr. Okonkwo stated. He also emphasized the importance of recruitment and urged the PWAN Business Owners (PBOs) to align with the Group’s new goals, noting that PWAN Group is set to expand globally.

“We are going global. If you don’t have a passport, get one now, because PWAN Group will be recognized in every state and beyond,” he added.

The new executive team has also developed a comprehensive five-year plan to tackle operational challenges, boost customer satisfaction, and consolidate the group’s leadership position in Nigeria’s real estate industry.

The restructuring announcement followed the Directors’ Retreat held in Asaba, where the new leadership was unveiled. Dr. Augustine Onwumere expressed his confidence in the new team, saying, “Working together, I know we will make significant progress.”

This restructuring marks a pivotal moment for PWAN Group as it embarks on a new phase of growth and development.