The Federal Competition and Consumer Protection Commission (FCCPC) has sealed two offices belonging to Peachville Platinum Estate Limited in Abuja following the company’s failure to comply with a regulatory directive issued over a consumer complaint involving the alleged non-delivery of a property valued at ₦140 million.
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The enforcement action followed an investigation into allegations that the property development company failed to deliver a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja, despite receiving full payment from the purchaser.
In a statement issued on Friday, November 13, 2026, by its Director of Corporate Affairs, Ondaje Ijagwu, the Commission disclosed that the enforcement operation was carried out on Thursday by a team led by Marvin Nadah.
During the exercise, FCCPC officials sealed the company’s headquarters located along Airport Road, Abuja, as well as its management office at Peachville Gardens, opposite Games Village.
According to the Commission, the enforcement action became necessary after Peachville Platinum Estate Limited failed to comply with a Compliance Notice issued in connection with the consumer complaint.
The dispute arose from the purchase of a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja.
The complainant informed the FCCPC that the full purchase price of ₦140 million was paid in August 2025 after the developer allegedly assured the buyer that possession of the property would be handed over upon completion of payment.
However, despite receiving the entire purchase price, the company allegedly failed to complete the property or hand it over to the purchaser.
The complainant subsequently approached the Commission over the alleged failure to fulfil the property delivery commitment.
Following the complaint, the FCCPC commenced an investigation and provided both the purchaser and the property development company with opportunities to present their respective accounts.
During the proceedings, Peachville Platinum Estate Limited informed the Commission that the parties had reached an agreement at a meeting held at the Federal Capital Territory Administration.
According to the company’s account, the agreement provided that the property would be handed over to the complainant by August 2026.
However, the Commission disclosed that the company failed to provide documentary evidence supporting its account of the purported agreement.
The FCCPC subsequently convened further proceedings and summoned the company to provide additional information concerning the transaction and the outstanding delivery obligation.
According to the Commission, the company’s responses failed to satisfactorily address the issues raised during the investigation.
The FCCPC also disclosed that representatives of Peachville Platinum Estate Limited declined to sign the witness statements required to conclude the hearing.
Following these developments, the Commission issued a formal Compliance Notice to the company on August 17, 2026, pursuant to Section 150 of the Federal Competition and Consumer Protection Act, 2018.
The notice was received by the company on August 19, 2026.
The Commission explained that the notice required the company to comply with the regulatory directives within the stipulated period.
However, after the expiration of the period, the FCCPC confirmed that the company had failed to comply with the notice.
Consequently, the Commission invoked its enforcement powers under Section 150(4)(a) of the Federal Competition and Consumer Protection Act, 2018, resulting in the sealing of the company’s two offices in Abuja.
Reacting to the development, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, emphasised the need for property developers to honour commitments made to purchasers, particularly where full payment had been received.
Bello observed that purchasing a residential property often requires years of financial planning and savings, making it necessary for developers to act responsibly when dealing with customers.
“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,” he stated.
The FCCPC chief explained that developers experiencing difficulties in meeting agreed delivery timelines should communicate such challenges to purchasers and provide realistic information about when the properties would be completed.
“If delays arise, the developer should explain them promptly and give the buyer a realistic timetable,” Bello said.
He stressed that businesses involved in property transactions have responsibilities towards consumers who rely on representations and commitments made before payment.
Bello also explained that the Commission followed the required regulatory process by allowing both parties to present their positions before taking enforcement action.
“The Commission gave both parties an opportunity to be heard,” he stated.
He maintained that businesses were legally required to comply with notices issued by the Commission within the prescribed period.
“Once the Commission issues a Compliance Notice, the business is required to take the steps set out in it within the specified period,” Bello explained.
The FCCPC Executive Vice Chairman warned that failure to comply with such notices would attract the enforcement measures permitted under the law.
“Where a business fails to comply, the Commission will take the enforcement action provided for by law,” he declared.
The action against Peachville Platinum Estate Limited followed the company’s failure to comply with the August 17 notice, rather than an announcement of any criminal conviction against the developer.
The Commission’s statement did not disclose the specific steps required under the Compliance Notice or announce any further sanctions beyond the enforcement exercise.
The FCCPC maintained that the action was taken in accordance with its statutory powers under the Federal Competition and Consumer Protection Act, 2018.
The development underscores the Commission’s position that property developers who receive payments from purchasers must fulfil their commitments or provide clear explanations and realistic timelines where delays arise.
For Peachville Platinum Estate Limited, the regulatory intervention followed a complaint involving ₦140 million paid for a residential property that the purchaser alleged remained unfinished and undelivered.
The Commission reiterated its commitment to enforcing consumer protection obligations and taking appropriate action against businesses that fail to comply with lawful regulatory directives.
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