FCCPC cracks down on Paradise Estate over undelivered homes
Abdullateef Fowewe
The Federal Competition and Consumer Protection Commission (FCCPC) announced regulatory action against Paradise Estate in Abuja on Monday, following buyer complaints about unpaid-for homes.
In its statement, the FCCPC emphasised on Monday, “Consumer protection is not limited to everyday retail purchases. It also applies to major financial commitments such as housing, where many Nigerians invest life savings based on promises made by developers.”
The agency cited allegations that some buyers completed payments but received no properties.
It warned, “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.”
FCCPC stressed that “confidence in housing markets depends on transparency, honest communication, proper records, and delivery in line with commitments.”
Affected consumers can file complaints with documents at complaints.fccpc.gov.ng.
