The Federal Competition and Consumer Protection Commission (FCCPC) has sealed two offices belonging to Peachville Platinum Estate Limited in Abuja over an alleged failure to deliver a ₦140 million residential property to a customer who paid the full purchase price in August 2025.
The enforcement action followed the company’s failure to comply with a regulatory directive issued after an investigation into the consumer’s complaint.
In a statement on Friday, November 13, 2026, the Commission said its enforcement team, led by Marvin Nadah, sealed the company’s headquarters along Airport Road and its management office at Peachville Gardens, opposite Games Village, during an operation on Thursday.
The dispute involves a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja.
According to the FCCPC, the complainant paid the full purchase price in August 2025 after the developer assured him that the property would be handed over upon completion of payment. However, the buyer alleged that the building remained unfinished and was never delivered.
The Commission said it investigated the complaint and gave both parties an opportunity to present their accounts.
During the proceedings, Peachville reportedly told the Commission that an agreement had been reached at a meeting with the Federal Capital Territory Administration (FCTA) for the property to be handed over by August 2026. However, the company failed to provide documentary evidence supporting its account of the agreement.
The FCCPC subsequently convened further proceedings and requested additional information from the developer. It said the company’s responses did not satisfactorily address the issues raised, while its representatives declined to sign witness statements required to conclude the hearing.
Following the investigation, the Commission issued a Compliance Notice to the company on August 17, 2026, under Section 150 of the Federal Competition and Consumer Protection Act, 2018.
Peachville received the notice on August 19, 2026, but failed to comply within the stipulated period, prompting the FCCPC to enforce the directive under Section 150(4)(a) of the Act.
Reacting to the enforcement action, Peachville’s lawyer, S. I. Abdulaziz, told LEADERSHIP that the company was working to complete the property and hand it over to the customer.
In a report published on November 13, Abdulaziz attributed the delay to rising construction costs, particularly the increased prices of building materials and other expenses.
He maintained that the duplex was substantially completed, with only finishing work outstanding, while acknowledging that the buyer had the right to demand possession after paying the full purchase price.
The lawyer said the company was targeting February 28, 2027, for the handover. He also claimed that the company and the buyer had reached an understanding to extend the delivery deadline to April 2027.
Abdulaziz expressed concern that the FCCPC proceeded with enforcement despite the alleged understanding. He further claimed that the company had requested additional time to comply with the Commission’s directive but that the request was declined.
The company’s claims about the agreement and revised delivery timeline have not been independently confirmed.
FCCPC Executive Vice Chairman and Chief Executive Officer, Tunji Bello, said buying a home involves years of savings for many Nigerians, making it important for developers to honour their commitments.
He stressed that businesses must comply with the Commission’s directives within the specified periods, warning that failure to do so would attract enforcement measures provided by law.
The enforcement action places renewed attention on the obligations of property developers to deliver homes as agreed and the FCCPC’s powers to act against businesses that fail to comply with its regulatory notices.
