The Federal Competition and Consumer Protection Commission (FCCPC) has taken enforcement action against Peachville Platinum Estate Limited for failing to comply with a Compliance Notice issued in connection with a consumer complaint. The complaint concerns a four-bedroom detached duplex with boys' quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja. The complainant paid the full purchase price of N140 million in August 2025 but the property remained unfinished and was never handed over.
According to the FCCPC, the company assured the complainant that it would hand over the property upon completion of payment. However, the property was not delivered as promised. The Commission investigated the complaint and gave both parties an opportunity to present their accounts. The company claimed that the parties had agreed to hand over the property by August 2026, but failed to provide documents to support its account of the agreement.
The FCCPC convened further proceedings and summoned the company to provide additional information, but its responses failed to satisfactorily address the issues raised. The company's representatives also declined to sign the witness statements required to conclude the hearing. As a result, 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, but failed to comply within the stipulated period. Consequently, the Commission took enforcement action under section 150(4)(a) of the Act, sealing the company's Headquarters located along Airport Road, alongside its management office situated at Peachville Gardens, opposite Games Village.
The FCCPC's enforcement exercise was led by Marvin Nadah. The Commission's action was necessitated by the company's failure to comply with the Compliance Notice. The FCCPC's Executive Vice Chairman and Chief Executive Officer, Mr. Tunji Bello, emphasized that buying a home involves years of savings and that developers should explain delays promptly and give buyers a realistic timetable.
Mr. Bello further stated that the Commission gave both parties an opportunity to be heard and that once a Compliance Notice is issued, the business is required to take the steps set out in it within the specified period. He noted that where a business fails to comply, the Commission will take the enforcement action provided for by law.
The FCCPC's action against Peachville Platinum Estate Limited serves as a reminder to developers of their obligations to consumers. The Commission's enforcement action aims to protect consumers from unfair business practices and ensure that businesses comply with the law. The FCCPC will continue to monitor the situation and take necessary actions to ensure that consumers' rights are protected.
Key points
- FCCPC seals Peachville Platinum Estate Limited over N140m property complaint
- Company failed to comply with Compliance Notice issued by FCCPC
- Enforcement action aims to protect consumers from unfair business practices
