The enforcement action was carried out on Monday following the company’s alleged failure to comply with a Compliance Notice issued under Section 150 of the Federal Competition and Consumer Protection Act (FCCPA) 2018.
Speaking during the exercise, the FCCPC’s South-West Zonal Coordinator, Mrs. Olubunmi Otti, said the commission commenced investigations into the company in February 2025 after receiving a complaint from a consumer who alleged that 20 fully paid-for plots of land had not been allocated.
According to Otti, PWAN MAX initially failed to honour two invitations from the commission before eventually appearing before the agency to address the complaint.
She explained that the company subsequently undertook to allocate the plots and provide all relevant documentation to the affected subscribers on or before June 30, 2025.
FCCPC Cites Failure to Comply With Regulatory Directive
Otti said the commission later issued a Compliance Notice after the agreed timeline expired without satisfactory resolution of the matter.
“Following the expiration of the timeline, the commission issued a Compliance Notice in accordance with Section 150 of the FCCPA, clearly outlining the nature of the breach, the required remedial actions, the compliance timeline and the consequences of non-compliance,” she said.
According to the FCCPC official, the company’s failure to address the identified breach prompted the commission to invoke its statutory powers under Section 150(4)(a) of the FCCPA, which allows the agency to seal business premises where violations persist after a compliance notice has been ignored.
“The sealing of the premises will remain in force until the commission is satisfied that the breach has been fully remedied, after which a compliance certificate may be issued,” Otti added.
Additional Petitions Under Investigation
Beyond the initial complaint, the FCCPC disclosed that it is investigating several other petitions against the real estate firm relating to land transactions, investment schemes, and allegations of non-allocation of properties paid for by subscribers.
Otti noted that affected consumers could be entitled to refunds where necessary and warned that continued non-compliance could expose the company to prosecution.
“If they fail to refund the money, the law empowers us to prosecute. We are issuing a summons, and they are expected to appear before the commission within seven days,” she said.
The commission said the ongoing investigations are aimed at determining the extent of potential consumer rights violations and ensuring affected subscribers receive appropriate remedies.
