Abuja, Nigeria — The Performing Musicians Employers’ Association of Nigeria (PMAN) has endorsed the findings of the Inspector-General of Police (IGP) Monitoring Unit on alleged fraudulent activities linked to Olusco Heritage & Investment Ltd and its Managing Director, Mr. Olufemi Olumeyan, in relation to Plot 504, Kukwaba, Abuja.
According to the police investigation, there is a prima facie case of fraud, intimidation, violence, and breach of peace arising from unauthorised dealings on the land. PMAN, the rightful title holder, said the report confirms long-standing concerns about irregular transactions and thanked the police for their professionalism.
The controversy began in 2023 when PMAN signed a joint venture agreement with Olusco. The agreement, however, was subject to the payment of a premium which Olusco never fulfilled, leaving it unenforceable. Despite this, Olusco allegedly went ahead to advertise and sell portions of the land.
PMAN said the situation worsened after Olusco requested that foreign investment funds be paid into a personal account, a move the association rejected. Later, it emerged that Olusco had struck a separate ₦350 million development deal with G & D Building & Engineering Ltd before disputes arose, leading to petitions to the police.
The Monitoring Unit also flagged the involvement of former PMAN officials, including Mr. Boniface Itodo and entertainer Mr. Zakky Azzay, who were accused of impersonating executives after their dismissal, thereby misleading the public and aggravating the crisis.
On December 7, 2024, PMAN formally terminated its arrangement with Olusco, citing breaches and risks to the public. The association has since tightened security on the site with police support. During one operation, officers dispersed trespassers, and one person sustained a minor injury while fleeing. PMAN clarified that no shots were fired, countering sensational online reports.
National President, Pretty Okafor, said PMAN’s focus is now on accountability and protecting members of the public. “Anyone who paid money to unauthorised parties should come forward. We are working with the IGP Monitoring Unit and EFCC to trace funds, identify victims, and ensure justice,” he said.
PMAN stressed that no sale or allocation on Plot 504 is valid without its written approval and urged potential buyers to exercise caution
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