The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the Abuja offices of Ochacho Real Estate and TI’Bilon Construction and Facility Management Company over allegations of regulatory non-compliance and failure to hand over fully paid housing units to customers.
The commission disclosed the development in a statement shared on its official social media platform on Thursday, stating that the enforcement action formed part of ongoing efforts to protect consumers from unfair practices in Nigeria’s real estate sector.
According to the FCCPC, both firms allegedly failed to comply with repeated directives issued by the commission regarding complaints from subscribers who had completed payment for housing units but were yet to receive possession of their properties.
The commission said the affected companies repeatedly ignored compliance notices directing them to address the complaints and fulfil their obligations to buyers.
As a result, the regulatory agency moved to seal their offices pending compliance.
“The sealed offices will remain shut indefinitely until both organisations fully fulfill their outstanding obligations to the affected consumers,” the commission stated.
The FCCPC explained that the action was taken under Section 150(4) of the Federal Competition and Consumer Protection Act (FCCPA), 2018, which grants the commission authority to enforce compliance and take action against organisations that fail to obey regulatory directives.
The development highlights growing concerns over consumer complaints in Nigeria’s real estate sector, where delays in property delivery and disputes involving off-plan housing subscriptions have continued to generate scrutiny from regulators.
The commission reiterated its commitment to consumer protection and warned operators across sectors against practices that undermine consumer rights or violate regulatory standards.
