ABUJA, NIGERIA – The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the headquarters and management office of Peachville Platinum Estate Limited over the alleged failure to deliver a ₦140 million property in Abuja, despite receiving full payment from the buyer.

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‎The enforcement action, carried out on Thursday, November 12, 2026, followed the company’s failure to comply with a Compliance Notice issued by the Commission over the consumer complaint. The FCCPC team, led by Marvin Nadah, sealed the company’s headquarters along Airport Road and its management office at Peachville Gardens, opposite Games Village, Abuja.

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‎The complaint concerns a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja. According to the complainant, the full purchase price was paid in August 2025 after the company promised to hand over the property upon completion of payment. However, the property allegedly remained unfinished and was never delivered.

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‎The Commission said it investigated the complaint and gave both parties an opportunity to present their accounts. During the investigation, the company claimed 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 company reportedly failed to provide documents to substantiate its claim.

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‎The FCCPC subsequently convened further proceedings and summoned the company to provide additional information. It said the company’s responses failed to satisfactorily address the issues raised, while its representatives declined to sign the witness statements required to conclude the hearing.

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‎Following the proceedings, the Commission issued a Compliance Notice to the company on August 17, 2026, under Section 150 of the Federal Competition and Consumer Protection Act, 2018. The company received the notice on August 19, 2026, but failed to comply within the stipulated period, prompting the enforcement action under Section 150(4)(a) of the Act.

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‎Commenting on the development, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, said purchasing a home often involves years of savings, adding that consumers are entitled to rely on developers’ commitments regarding property delivery.

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‎Bello stressed that developers must promptly explain any delays and provide realistic delivery timelines, while warning that businesses must comply with directives issued by the Commission, as failure to do so would attract enforcement action in accordance with the law.