Federal Competition and Consumer Protection Commission (FCCPC)The Federal Competition and Consumer Protection Commission (FCCPC) has announced the sealing of Paradise Estate located in Abuja over multiple allegations of real estate fraud.In a statement on Monday, the Commission said some buyers completed payment for landed properties in the estate but never received the properties they paid for.
“Following complaints received and reviewed concerning Paradise Estate, Abuja, including allegations that some buyers completed payment but have not received the homes promised to them, FCCPC has initiated regulatory action in line with its statutory mandate,” the FCCP said.
The Commission noted that consumer protection is not limited to everyday retail purchases but also applies to major financial commitments, including housing, where many Nigerians invest life savings based on promises made by developers.
“The Commission maintains that businesses must not make promises they cannot fulfil. Where payment has been received, agreed timelines must be honoured, delays properly explained, and lawful remedies provided where obligations are unmet,” the FCCPC said.
It added that confidence in housing markets depends on transparency, honest communication, proper records, and delivery in line with commitments.It further urged affected individuals to submit relevant documents, evidence of payment, and correspondence through complaints.fccpc.gov.ng.
