The Federal Competition and Consumer Protection Commission has sealed the offices of a real estate company over a ₦140 million property a buyer says was paid for in full and never delivered. It is the third firm the regulator has sealed in recent months.
The property is a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja.
The sequence
| Date | Event |
|---|---|
| August 2025 | Complainant pays the full purchase price after being assured of handover on completion |
| 2026 | Property remains unfinished and is never handed over |
| 19 August 2026 | Company receives a Compliance Notice issued 17 August 2026 under section 150 of the FCCPA 2018 |
| Thursday | FCCPC seals the company’s headquarters on Airport Road and its management office at Peachville Gardens, opposite Games Village |
The statement was issued on Friday by the FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu. The enforcement team was led by Marvin Nadah.
What the company said, and why it did not hold
The company’s account was that the parties had agreed at a meeting at the Federal Capital Territory Administration to hand the property over by August 2026.
The Commission’s statement says the company did not provide documents to support that account. It also says the company’s responses failed to address the issues raised, and that its representatives declined to sign the witness statements required to conclude the hearing.
That last detail matters beyond this case. A hearing process depends on a signed record. A party that will not sign leaves the regulator with a documentary gap – and the Commission proceeded to the Compliance Notice and then to enforcement.
The legal machinery
The notice was issued under section 150 of the Federal Competition and Consumer Protection Act 2018, received on 19 August 2026, and enforcement followed under section 150(4)(a) once the company failed to comply within the period.
The timeline is the useful part for any buyer: from notice to sealing was under three months. This is not a process that has to take years.
What this means if you are buying off-plan in Nigeria
You have a regulator, and it does act. The FCCPC is not a court – it cannot award you damages for a breach of contract – but it can investigate, issue a compliance notice, and seal premises. For a buyer facing a developer who has stopped answering, that is a route worth knowing before you conclude there is none.
Keep the paper trail that makes a complaint possible. The receipt, the payment date, the promise of handover, the agreement. This complaint rested on a payment made in August 2025 and an assurance of delivery. Without documents, it becomes one person’s word against another’s.
Paying the full price before handover is the maximum-exposure structure. This buyer paid everything in August 2025 and is now more than a year past that payment with an unfinished building. It is exactly the arrangement the quantity surveyors proposed to fix this week, when NIQS called for off-plan money to be held in escrow and released in stages against independently verified work.
Sealing is not restitution. The offices are shut. That does not complete the duplex or return the ₦140 million. Enforcement creates pressure; it does not, by itself, produce a house or a refund.
Ask what the payment schedule is tied to. If the answer is “handover”, the developer is holding your money against a single distant event. If it is tied to milestones you can inspect, your exposure at any point is smaller.
The pattern of three
The Commission noted this comes months after it sealed two other real estate firms over alleged refund and property-related complaints.
Three sealings in a matter of months is a signal to the market rather than a coincidence. Developers who take money and do not deliver now face an enforcement risk that did not exist in practice a year ago.
What is not established
These are the Commission’s allegations, published in its own statement. The company’s response is reported only in summary; its full position, and any evidence of the FCTA meeting it referred to, is not set out.
No court has ruled on the dispute, and the sealing does not determine whether the ₦140 million is owed, refundable, or secured by any asset.
The report does not state how much of the ₦140 million was paid, whether any refund has been offered, or what remedy the complainant now has. It does not say whether other buyers are affected.
Whether the sealing is permanent or lifted on compliance has not been stated.
Frequently asked questions
What did the FCCPC do?
It sealed the headquarters and a management office of Peachville Platinum Estate Limited over an alleged failure to deliver a ₦140 million property in Abuja, after the company did not comply with a Compliance Notice.
Can I complain to the FCCPC about a developer?
Yes. The Commission investigates consumer complaints in real estate and can issue compliance notices and take enforcement action under the Federal Competition and Consumer Protection Act 2018.
Will I get my money back?
Not automatically. The FCCPC’s enforcement is regulatory; recovering money usually requires a court claim or a negotiated settlement.
What is the safest way to pay for an off-plan property?
Tie payments to verified construction milestones and hold a retention, rather than paying in full against a promise of handover.
Last updated: 14 November 2026. The sealing of Peachville Platinum Estate Limited, the ₦140 million complaint, the four-bedroom detached duplex with boys’ quarters at Peach Ville Estate Phase II, Kukwaba District, the August 2025 full payment, the FCTA meeting claim, the absence of supporting documents, the refusal to sign witness statements, the Compliance Notice of 17 August 2026 received 19 August 2026, sections 150 and 150(4)(a) of the FCCPA 2018, the Airport Road headquarters and Peachville Gardens office, the enforcement team led by Marvin Nadah, and the two earlier firm sealings are from Nairametrics’ report of 14 November 2026, quoting FCCPC Director of Corporate Affairs Ondaje Ijagwu. The allegations are the Commission’s; no court has ruled. The NIQS escrow proposal is from our report of 13 November 2026.
