*The Federal Competition and Consumer Protection Commission takes enforcement action against Peachville Platinum Estate Limited, in Abuja, Nigeria’s FCT, over alleged infraction from a N140 million property subscription complaint
Alexander Davis | ConsumerConnect
Following the company’s failure to comply with its Compliance Notice, the Federal Competition and Consumer Protection Commission (FCCPC) has said it took enforcement action against Peachville Platinum Estate Limited, in Abuja, FCT.
The FCCPC said the market regulator earlier had issued a Compliance Notice in connection with a consumer complaint, alleging non-delivery of a N140 million property in Abuja.
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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 in the FCT.
The Commission also disclosed the complaint concerns a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja.
It said the complainant told the Commission that they paid the full purchase price 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 FCCPC stated.
The Commission later 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 said it convened further proceedings and summoned the company to provide additional information.
Mr. Ondaje Ijagwu, Director of Corporate Affairs at FCCPC, Friday in the statement, noted that the company’s responses failed to satisfactorily address the issues the Commission raised.
Ijagwu stated that its representatives also declined to sign the witness statements required to conclude the hearing.
The Commission disclosed that it issued a Compliance Notice August 17, 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, the FCCPC Director of Corporate Affairs noted.
Commenting on the action, Mr. Tunji Bello, Executive Vice-Chairman and Chief Executive Officer (EVC/CEO) of the Commission, 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.”
Bello stated: “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.”