FCCPC Cracks Down on Abuja Estate Developer Over Alleged Failure to Deliver Property

The Federal Competition and Consumer Protection Commission (FCCPC) has taken enforcement action against Peachville Platinum Estate Limited following the company’s failure to comply with a Compliance Notice issued over a consumer complaint involving the alleged non-delivery of a N140 million property in Abuja.

During the enforcement exercise conducted on Thursday, a team of Commission officials led by Marvin Nadah sealed the company’s headquarters along Airport Road, as well as its management office at Peachville Gardens, opposite Games Village.

The complaint involves a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja. The complainant informed the Commission that the full purchase price was paid in August 2025 after the company assured them that the property would be handed over upon completion of payment. However, according to the complainant, the property remained unfinished and was never delivered.

The Commission investigated the complaint and provided both parties with an opportunity to present their respective accounts. The company stated that the parties had agreed, during a meeting at the Federal Capital Territory Administration, that the property would be handed over by August 2026.

However, the company failed to provide documents to substantiate its account of the agreement.

The Commission subsequently convened further proceedings and summoned the company to provide additional information. However, the company’s responses did not satisfactorily address the issues raised by the Commission.

Its representatives also declined to sign the witness statements required to conclude the hearing.

On 17 August 2026, the Commission issued a Compliance Notice under Section 150 of the Federal Competition and Consumer Protection Act, 2018. The company received the notice on 19 August 2026.

After establishing that the company had failed to comply within the stipulated period, the Commission proceeded with enforcement action under Section 150(4)(a) of the Act.

Commenting on the action, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, said:

“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.

“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.”