Admin 
The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the headquarters and management office of Peachville Platinum Estate Limited in Abuja following the company’s failure to deliver a N140 million property to a customer.
In a statement issued in Abuja on Friday, the Commission’s Director of Corporate Affairs, Mr. Ondaje Ijagwu, said the enforcement action was taken after the real estate firm ignored a formal Compliance Notice issued by the agency.
According to Ijagwu, a team from the Commission sealed the company’s headquarters along Airport Road as well as its management office at Peachville Gardens, opposite Games Village.
The enforcement stems from a consumer complaint regarding a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja.
The complainant reported paying the full N140 million purchase price in August 2025 after receiving assurances that the property would be handed over upon completion of payment.
However, the building remained unfinished and was never delivered.
Ijagwu explained that the FCCPC launched an investigation and invited both parties to present their accounts.
During the proceedings, Peachville Platinum Estate Limited claimed that both parties had agreed at a meeting with the Federal Capital Territory Administration (FCTA) to extend the handover date to August 2026.
“The company did not provide documents to support its account of the agreement, and the Commission convened further proceedings and summoned the company to provide additional information,” Ijagwu stated.
He added that the firm’s subsequent responses failed to satisfactorily address the issues raised, and its representatives declined to sign the witness statements required to conclude the hearing.
Consequently, the Commission issued a Compliance Notice to the company on August 17 under Section 150 of the Federal Competition and Consumer Protection Act (FCCPA) 2018. Although the firm acknowledged receipt of the notice on August 19, it failed to comply, prompting Friday’s enforcement.
Reacting to the development, the Executive Vice Chairman of the FCCPC, Mr. Tunji Bello, emphasised that purchasing a home often represents years of life savings for citizens and urged property developers to uphold integrity in their business dealings.
“When a developer accepts payment and commits to a handover date, the buyer is entitled to rely on that commitment,”
Bello said. “If delays arise, the developer should explain them promptly and give the buyer a realistic timetable. Where a business fails to comply, the Commission will take the enforcement action provided for by law.”
