JUST IN: FCCPC Shuts Down Abuja’s Paradise Estate
The Federal Competition and Consumer Protection Commission [FCCPC] has sealed Paradise Estate in Abuja after homebuyers accused the developer of collecting full payment and failing to hand over houses.
The FCCPC said Monday that the crackdown followed “multiple complaints” from buyers who paid for homes but never got the keys. Some victims reportedly sank their life savings into the project based on promises that weren’t kept.
“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 Commission said.
“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 regulator put developers on notice: take the money, keep your word.
“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,” it said.
FCCPC added that trust in the housing market lives or dies on “transparency, honest communication, proper records, and delivery in line with commitments.”
Affected buyers have been told to file complaints and upload proof of payment and all correspondence at http://complaints.fccpc.gov.ng.
Paradise just lost its name. For buyers still waiting on homes, the FCCPC says the first step to getting answers — or refunds — is paperwork.
