LA SUITE APRÈS LA PUBLICITÉ

The Federal Competition and Consumer Protection Commission – FCCPC has sealed the business premises of Ochacho Real Estate and TI’Bilon Construction and Facility Management Company in Abuja.

The enforcement action, carried out on Thursday, follows the persistent refusal of both firms to comply with earlier regulatory directives regarding unresolved housing delivery obligations. The commission took the decisive step after both companies failed to address growing complaints or meet their commitments to affected subscribers.

According to the FCCPC, the enforcement became necessary after the developers ignored multiple compliance notices directing them to hand over housing units to customers who had fully paid for their properties. Many subscribers have been left stranded, unable to take possession of their homes despite fulfilling their financial obligations.

The agency stated that the sealed premises will remain closed until both firms fully comply with the directives and resolve all outstanding issues with their customers.

The regulatory crackdown was executed under Section 150(4) of the Federal Competition and Consumer Protection Act (FCCPA) 2018. This specific legal provision empowers the commission to take strict enforcement and regulatory actions against corporate entities that fail to comply with its directives. By shutting down the offices, the FCCPC aims to enforce accountability and ensure that consumer rights are protected within the marketplace.

This latest enforcement reflects a broader trend, as the agency has recently intensified its oversight and actions within the real estate sector. The crackdown comes amid a sharp rise in complaints from homebuyers who face prolonged delays or completely undelivered housing projects despite making full payments.

The FCCPC’s intervention signals a zero-tolerance approach toward predatory practices and non-compliance by property developers.