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The Digest:

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed Paradise Estate in the Life Camp Extension area of Abuja over allegations that the developer failed to deliver housing units to subscribers who made full payments years ago. The commission acted after exhausting administrative processes, issuing a compliance notice on February 24, 2026, which the developer failed to comply with. The developer, however, faulted the action, insisting the dispute is contractual and already before a tribunal.

Key Points:
  • Multiple consumers paid fully but have not received homes for over three years.
  • The FCCPC says it has received numerous complaints in the real estate sector.
  • The developer claims an appeal has been filed with the Competition Tribunal.
  • The FCCPC says it is not aware of any appeal and acted lawfully.
  • The commission warned that the crackdown is not limited to this case.
The sealing highlights growing regulatory scrutiny of Nigeria's real estate sector.

Sources: Punch Newspaper