PWAN Group MD resigns amid health challenge
Julius Oyedemi
BY TOSIN ADAMS
The Group Managing Director of PWAN Group, Prof. Julius Olaniyi Oyedemi, has resigned from his position, bringing to an end his tenure as the second substantive GMD of one of Nigeria’s most prominent real estate network-marketing conglomerates.
Investigations by our correspondent indicate that Prof. Oyedemi’s decision to step down was primarily driven by health concerns said to have been aggravated by the intense operational pressures and internal challenges that trailed his time in office.
A senior management source within the organisation, who spoke on condition of anonymity, disclosed that the resignation was formally communicated in a letter dated June 22, 2026, and addressed to the Chairman of the Board, Dr. Michael Okonkwo Afamefuna. According to the source, the resignation took immediate effect.
Multiple insiders familiar with developments within the company described Oyedemi’s exit as the culmination of months of strain linked to unresolved structural and administrative difficulties within the organisation.
While acknowledging that his tenure recorded notable milestones—including the rebranding of the company and efforts to tackle concerns surrounding the controversial Buy2Sell scheme—sources said the former GMD had continued to grapple with deep-rooted institutional obstacles that limited his effectiveness in office.
A top official told our correspondent that Prof. Oyedemi was burdened with enormous responsibilities without the level of authority, institutional backing, and operational support required to drive meaningful reforms or make far-reaching decisions.
According to the source, “He was expected to carry the weight of the office, but the structures needed for effective leadership were either weak, absent, or beyond his control. Over time, that imbalance took a serious toll.”
Further findings suggest that the mismatch between responsibility and authority became a recurring challenge during his tenure, leaving him to confront critical organisational issues without the full decision-making latitude or support systems necessary to resolve them.
Another reliable source within the company confirmed that the cumulative effect of these pressures significantly affected Prof. Oyedemi’s health and overall wellbeing, ultimately forcing a difficult personal and professional decision.
“After careful reflection, he came to the conclusion that stepping aside was the most responsible course of action—for his health, and for the organisation,” the source said.
Despite his departure, insiders say Prof. Oyedemi has expressed a willingness to continue supporting PWAN Group as an affiliate member. He is also said to have conveyed his appreciation to the Board, the founders, management, staff, and the wider PWAN family, while expressing hope for the company’s continued growth, stability, and recovery.
His resignation marks a significant development in the leadership trajectory of PWAN Group, a company that has in recent years occupied a visible place in Nigeria’s real estate and network-marketing landscape, even as it contends with growing scrutiny over operational and investor-related concerns.
