FCCPC Seals Peachville Estate Offices Over N140m Property Default

​ABUJA — The Federal Competition and Consumer Protection Commission (FCCPC) has executed a major enforcement action, sealing the headquarters and management offices of Peachville Platinum Estate Limited in Abuja. The clampdown follows the real estate firm’s flagrant disobedience of a statutory Compliance Notice regarding the alleged non-delivery of a N140 million residential property.

​Led by Marvin Nadah, the Commission’s enforcement team swooped on the company’s corporate headquarters along Airport Road, alongside its management office situated at Peachville Gardens opposite the Games Village, locking down operations.

​The regulatory intervention stems from a bitter consumer petition involving a four-bedroom detached duplex complete with a boys’ quarters located at Phase II, Kukwaba District, Abuja. According to the aggrieved buyer, the full purchase price of N140 million was cleared in August 2025 based on assurances that the keys would be handed over immediately upon final payment. Months later, the property remains incomplete and undelivered.

​During prior investigations, the Commission afforded both parties exhaustive administrative hearings. While Peachville Platinum claimed that a meeting mediated by the Federal Capital Territory Administration (FCTA) had yielded an agreement to deliver the property by August 2026, it failed to tender documentary evidence to back the claim. Furthermore, company representatives aggressively stonewalled subsequent proceedings by refusing to sign mandatory witness statements required to conclude the inquiry.

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​In response to the developer’s recalcitrance, the FCCPC formally issued a Compliance Notice on August 17, 2026, under Section 150 of the Federal Competition and Consumer Protection Act (FCCPA), 2018. Following the expiration of the statutory grace period after the firm received the notice on August 19, 2026, the Commission authorized immediate enforcement under Section 150(4)(a) of the Act.

​Weighing in on the development, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr. Tunji Bello, emphasized that homeownership in Nigeria represents a lifetime of sacrifice and prudent savings.

​”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.

​Reiterating the commission’s zero-tolerance stance on corporate defiance, Bello warned that regulatory notices are binding legal instruments. Once a Compliance Notice is issued, businesses are mandated to execute the remedial actions within the specified window, failure to which invites the full wrath of the law.