FCCPC seals Abuja offices of Ochacho Real Estate, TI'Bilon over undelivered homes

FCCPC seals Abuja offices of Ochacho Real Estate, TI'Bilon over undelivered homes

T
Triple T in Politics May 22, 2026, 6:21 am
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FCCPC sealed the Abuja business premises of Ochacho Real Estate and TI’Bilon Construction and Facility Management Company on Thursday, May 21, 2026, over allegations of non-compliance with housing delivery obligations. The action followed persistent refusal to comply with earlier notices directing the firms to hand over units to customers who had fully paid but not taken possession.

The commission stated the sealing became necessary after both companies failed to address consumer complaints or meet obligations to affected subscribers. FCCPC acted under Section 150(4) of the Federal Competition and Consumer Protection Act 2018, which empowers regulatory action against non-compliant entities. This enforcement is part of intensified actions in Abuja's real estate sector amid rising homebuyer complaints about delayed or undelivered projects despite full payments.

The sealed premises will remain closed until the firms fully comply with directives and resolve outstanding issues with customers. Homebuyers awaiting property delivery should contact FCCPC for updates, while developers must promptly address complaints to avoid similar enforcement. Will this action finally compel timely housing delivery, or will buyers need to pursue further recourse?


SOURCE: https://www.premiumtimesng.com/business/business-news/881762-fccpc-seals-ochacho-real-estate-tibilon-construction-offices.html


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