🇳🇬NigeriaWest Africa
FCCPC seals Abuja estate over undelivered homes, developer faults action
via Punch Nigeria8 min read
The Federal Competition and Consumer Protection Commission FCCPC sealed Paradise Estate in Abuja due to allegations that the developer failed to deliver housing units to subscribers who had made full payments. This enforcement action followed numerous complaints from homebuyers and the developer's alleged non-compliance with regulatory directives. Marvin Nadah, FCCPC's Deputy Director of Surveillance and Investigation, stated that the Commission acted after administrative processes failed, citing a compliance notice issued on February 24, 2026, which the developer did not adhere to within seven days. Nadah emphasized the action's legality and necessity to protect consumers from exploitation, noting that multiple consumers had not received value for their money for over three years. He also mentioned ongoing investigations in the real estate sector and advised homebuyers to be vigilant. However, Paradise Estate's management, through Mr. Aloysius Ezengwa, disputed the FCCPC's action, claiming the issue is a contractual dispute with one subscriber and is pending before the Competition and Consumer Protection Tribunal. Ezengwa stated the company had appealed the FCCPC's decision, but the Commission maintains it has not received notice of any appeal. This incident highlights increased regulatory scrutiny in Nigeria's real estate sector, aiming to address issues like delays and non-delivery of properties.
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This summary was AI-generated from a story originally published by Punch Nigeria.
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