The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the offices of Peachville Platinum Estate Limited in Abuja after the company failed to comply with a directive over a N140 million property complaint.
The enforcement action followed a complaint by a buyer who alleged that the company collected full payment for a four-bedroom duplex in August 2025 but failed to complete and hand over the property.
The FCCPC said its enforcement team, led by Marvin Nadah, sealed the company’s headquarters along Airport Road and its management office at Peachville Gardens, opposite Games Village, on Thursday.
The property is a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, in the Kukwaba District of Abuja.
According to the Commission, the complainant said the company had promised to hand over the property after receiving full payment but failed to meet the commitment.
The company told the FCCPC that both parties had agreed at a meeting with the Federal Capital Territory Administration (FCTA) that the property would be handed over by August 2026.
However, the Commission said the company did not provide documents to support its account of the agreement.
The FCCPC said it held further proceedings and summoned the company to provide additional information, but its responses did not satisfactorily address the issues raised.
It also said the company’s representatives declined to sign the witness statements required to conclude the hearing.
The Commission issued a Compliance Notice to the company on 17 August 2026 under Section 150 of the Federal Competition and Consumer Protection Act, 2018. The company received the notice two days later, on 19 August.
The FCCPC said it confirmed that the company had failed to comply within the stipulated period before taking enforcement action under Section 150(4)(a) of the Act.
The Commission’s Executive Vice Chairman and Chief Executive Officer, Tunji Bello, said property buyers should be able to rely on developers’ commitments after making full payment.
“For many Nigerians, buying a home involves years of savings. When a developer accepts payment and commits to a handover date, the buyer is entitled to rely on that commitment. If delays arise, the developer should explain them promptly and give the buyer a realistic timetable.”
Bello said the Commission had given both parties an opportunity to present their accounts before issuing the Compliance Notice.
“The Commission gave both parties an opportunity to be heard. Once the Commission issues a Compliance Notice, the business is required to take the steps set out in it within the specified period. Where a business fails to comply, the Commission will take the enforcement action provided for by law.”
