FCCPC Shuts Down Peachville Platinum Estate In Abuja After Buyer Paid N140 Million And Got No House
FCCPC Shuts Down Peachville Platinum Estate In Abuja After Buyer Paid N140 Million And Got No House
Abuja home buyer paid N140 million in full, waited for over one year, and still did not get the house.
That is the allegation that has now led the Federal Competition and Consumer Protection Commission, FCCPC, to shut down Peachville Platinum Estate Limited in Abuja.
The Commission announced the enforcement action on Friday in a statement signed by its Director of Corporate Affairs, Ondaje Ijagwu.
This is not the first time the FCCPC is moving against a real estate company. In recent months, the Commission has sealed two other developers over similar refund and non-delivery complaints from buyers.
What Happened At Peachville Platinum Estate?
According to the FCCPC, the case started after a consumer complained that Peachville Platinum Estate Limited failed to deliver a property worth N140 million in Abuja despite receiving full payment.
The property in question is a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, Kukwaba District, Abuja.
On Thursday, an FCCPC enforcement team led by Marvin Nadah moved in and sealed two locations belonging to the company:
Its headquarters along Airport Road, Abuja
Its management office at Peachville Gardens, opposite Games Village, Abuja
The sealing was carried out after the company allegedly ignored a Compliance Notice issued by the Commission.
Buyer Paid In August 2025, House Still Unfinished
The buyer told the FCCPC that the company promised to hand over the duplex immediately after full payment was completed.
The complainant said they paid the full N140 million in August 2025, relying on that assurance.
But more than one year later, according to the complaint, the house remained unfinished and was never handed over.
The Commission said it investigated the matter and invited both sides to present their own accounts.
Peachville’s Defence Did Not Convince FCCPC
The company told the Commission that both parties had agreed at a meeting held at the Federal Capital Territory Administration that the property would be handed over by August 2026.
But the FCCPC said the company failed to provide any document to prove that such an agreement was reached.
The Commission then convened further proceedings and summoned the company to provide more information.
According to the FCCPC, the company’s responses did not satisfactorily address the issues raised. Its representatives also refused to sign the witness statements needed to conclude the hearing.
That refusal, the Commission said, forced it to take the next legal step.
FCCPC Issued Compliance Notice On August 17, Company Ignored It
The FCCPC 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.
After confirming that the company failed to comply within the stipulated period, the Commission took enforcement action under section 150(4)(a) of the Act, the statement reads.
In simple terms, the company was given a legal deadline to fix the problem, and it allegedly failed to do so.
Tunji Bello Sends Strong Warning To Developers
The Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr Tunji Bello, reacted strongly to the case.
He said buying a home is not a small thing for most Nigerians, because it involves years of 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 warned that any business that fails to comply with a Compliance Notice will face the enforcement action provided for by law.
FCCPC Has Sealed Others Before Peachville
This Peachville case is part of a wider crackdown by the FCCPC on businesses accused of violating consumer rights.
The Commission had previously sealed the TLSContact visa application centre in Abuja over alleged obstruction of investigations and failure to address consumer complaints.
It also sealed the headquarters of Ikeja Electric in Lagos over alleged consumer rights violations.
Ikeja Electric’s Head of Corporate Communications, Mr Kingsley Okotie, had said the issue came from an isolated case involving a customer demanding multiple meters. He explained that implementing such a change was not a simple process.
The non-compliance issue being referred to concerns a customer using his property as a hotel with a single maximum-demand meter, who later converted the property to residential use and demanded 20 non-maximum-demand meters for the same address, he explained.
The Commission has also inaugurated a Joint Market Monitoring Taskforce in Abuja, with powers to seal shops, warehouses and outlets found selling unsafe or substandard products.
What This Means For Home Buyers In Abuja And Lagos
If you are planning to buy a house, land, or off-plan property in Abuja, Lagos, or anywhere in Nigeria, this case is a warning.
Always demand a written contract with a clear handover date, get receipts for every payment, insist on documents showing ownership and approvals, and report any developer who collects full payment and fails to deliver to the FCCPC.
Have you or someone you know paid a developer and never got the house? Share your experience in the comments. Share this story to warn other home buyers before they lose millions.
