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 over alleged non-compliance with regulatory directives and consumer complaints.
The enforcement action, carried out on Thursday, followed what the commission described as the persistent refusal of both companies to comply with earlier compliance notices issued over unresolved housing delivery obligations.
The FCCPC said the notices directed the developers to hand over housing units to customers who had fully paid for their properties but were left stranded without their homes.
The commission said the action became necessary after the companies failed to address the complaints or meet their obligations to affected subscribers.
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“The sealed offices will remain shut indefinitely until both organisations fully fulfill their outstanding obligations to the affected consumers,” FCCPC said.
The FCCPC said the enforcement was taken under Section 150(4) of the Federal Competition and Consumer Protection Act (FCCPA) 2018, which empowers the commission to take strict regulatory action against non-compliant entities.
