The Federal Competition and Consumer Protection Commission says it has sealed Peachville Platinum Estate Limited following a consumer complaint involving an alleged N140m property transaction.
The development was disclosed in a statement issued on Friday by the commission’s Director of Corporate Affairs, Ondaje Ijagwu.
The development comes months after the Commission sealed two other real estate companies over alleged refund failures and property-related complaints from consumers.
According to Ijagwu, the FCCPC sealed Peachville Platinum Estate Limited for allegedly failing to comply with a Compliance Notice issued over a consumer complaint involving the non-delivery of a property valued at N140m in Abuja.
During the enforcement operation on Thursday, a team of FCCPC officials led by Marvin Nadah sealed the company’s headquarters along Airport Road and its management office at Peachville Gardens, opposite Games Village, according to Ijagwu.
He said the complaint involved the alleged non-delivery of a four-bedroom detached duplex with boys’ quarters at Peach Ville Estate, Phase II, in Abuja’s Kukwaba District.
“The complainant told the Commission that they paid the full purchase price in 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,” he stated.
Ijagwu added that the Commission investigated the complaint and allowed both parties to present their sides of the matter.
“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 official stated.
He said the Commission subsequently held further proceedings and invited the company to provide additional information.
However, the company’s responses allegedly failed to address the Commission’s concerns satisfactorily, while its representatives declined to sign the witness statements needed to conclude the hearing, he added.
