Consumer protection agency seals property firm over land allocation failure

The Federal Competition and Consumer Protection Commission has sealed the Lekki office of PWAN Maxi Property and Business Solution Limited following complaints from buyers over non-allocation of land plots.

The commission’s South-West zonal coordinator, Olubunmi Otti, said the enforcement action was carried out under Section 150(4)(a) of the FCCPC Act 2018 after a consumer complaint that the company failed to allocate 20 plots of land despite full payment.

According to Otti, the commission invited PWAN for investigation, but the company declined to honour the invitations. A subsequent summons led to an agreement to allocate the plots by June 30, 2025, which the company failed to honour. The commission then issued a compliance notice, but PWAN did not comply, leading to the sealing of the premises.

Otti stressed that the action was protective and corrective, not punitive, and that the sealing will remain until the breach is remedied.

One complainant, Olamide Olagunloye, said he paid N1 million for a plot of land but received no allocation. Another, Ifeanyi Okafor, said he paid N480,000 in instalments before stopping due to irregularities.

No staff member of PWAN was present at the office during the enforcement, and calls to the company’s listed numbers went unanswered.