The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the Abuja offices of two real estate developers — Ochacho Real Estate and TI’Bilon Construction and Facility Management Company — for alleged failure to deliver homes to customers.
FCCPC disclosed this on Thursday, noting that the enforcement action followed the persistent refusal of both companies to comply with official compliance notices previously issued by the Commission.
The Commission explained that the notices required the developers to hand over housing units to consumers who had fully paid for their properties but were left stranded without receiving their homes.
“The sealed offices will remain shut indefinitely until both organisations fully fulfill their outstanding obligations to the affected consumers,” it stated.
FCCPC emphasised that the action was taken pursuant to Section 150(4) of the Federal Competition and Consumer Protection Act (FCCPA), 2018, which empowers the Commission to take strict regulatory action against non-compliant entities.
