FCCPC seals PWAN MAX office over alleged regulatory non-compliance

By Abubakar Yunusa

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the Lagos office of PWAN MAX Property and Business Solutions Ltd.
The commission’s action is over alleged non-compliance with regulatory directives arising from consumer complaints involving unallocated plots of land, according to the News Agency of Nigeria(NAN).
The enforcement action, carried out on Monday, followed 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 plots of land that had been fully paid for were yet to be allocated.
According to Otti, the company initially failed to honour two invitations from the commission and was subsequently summoned to appear before the agency.
She disclosed that PWAN MAX later undertook to allocate the 20 plots and provide all necessary documentation to the affected subscribers on or before June 30, 2025.
“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,” Otti said.
She added that the company’s failure to remedy the breach compelled the commission to invoke its statutory powers under Section 150(4)(a) of the FCCPA, which permits the closure of 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,” she stated.