By Miriam Humbe
The Federal Competition and Consumer Protection Commission (FCCPC) has taken enforcement action against Peachville Platinum Estate Limited after the company failed to comply with a Compliance Notice issued in connection with a consumer complaint over the alleged non-delivery of a N140 million property in Abuja.
Ondaje Ijagwu, the FCCPC Director, Corporate Affairs disclosed this in a statement signed on Friday.
During the enforcement exercise conducted on Thursday, a team from the Commission, led by Marvin Nadah, sealed the company’s headquarters located along Airport Road, alongside its management office situated at Peachville Gardens, opposite Games Village.
The complaint concerns a four bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja.
The complainant told the Commission that they paid the full purchase price in August 2025 after the company assured them that it would hand over the property upon completion of payment.
According to the complainant, the property remained unfinished and was never handed over.
The Commission investigated the complaint and gave both parties an opportunity to present their accounts.
The company said the parties had agreed, at a meeting at the Federal Capital Territory Administration, that it would hand over the property by August 2026.
The company did not provide documents to support its account of the agreement.
The Commission convened further proceedings and summoned the company to provide additional information.
The company’s responses failed to satisfactorily address the issues the Commission raised. Its representatives also declined to sign the witness statements required to conclude the hearing.
The Commission issued a Compliance Notice on 17 August 2026 under section 150 of the Federal Competition and Consumer Protection Act, 2018.
The company received the notice on 19 August 2026. After confirming that the company had failed to comply within the stipulated period, the Commission took 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.”
