BY CHIKA OKEKE, Abuja
The Federal Competition and Consumer Protection Commission (FCCPC) has sealed Paradise Estate, Abuja over lopsidedness in allocation of houses to off-takers.
This followed complaints received and reviewed concerning the estate including allegations that some buyers completed payment but are yet to receive the homes promised to them, a situation that compelled FCCPC to initiate regulatory action in line with its statutory mandate.
According to the commission, 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 maintained that businesses must not make promises they cannot fulfil, adding that where payment has been received, agreed timelines must be honoured, delays properly explained, and lawful remedies provided where obligations are unmet.
"Confidence in housing markets depends on transparency, honest communication, proper records, and delivery in line with commitments.
"Affected consumers may submit relevant documents, evidence of payment and correspondence through complaints.fccpc.gov.ng," the commission added.
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