The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the Lagos office of PWAN MAX Property and Business Solutions Limited over alleged non-compliance with a regulatory directive linked to consumer complaints on unallocated plots of land.
The South-West Zonal Coordinator of FCCPC, Olubunmi Otti, announced this during the enforcement exercise in Lagos on Monday, June 8, 2026.
Otti said the action 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.
Otti said the commission had begun an investigation in February 2025 after a consumer alleged that 20 plots of land, fully paid for and subscribed to, had not been allocated.
She noted that the company failed to honour two invitations issued by the commission and was subsequently summoned to appear before it.
The FCCPC coordinator said the company later gave an undertaking to allocate the 20 plots and provide all necessary documentation on or before June 30, 2025.
Otti stated: “However, at the expiration of the agreed timeline, the company failed to fulfil the undertaking and the commission issued a Compliance Notice in line with Section 150 of the FCCPA.
“The notice clearly stated the nature of the breach, the steps required to remedy it, the timeline for compliance and the penalties for failure to comply,” she said.
Otti said the company failed to take the required remedial steps after being served the notice.
“Consequently, in exercise of the commission’s powers under Section 150(4)(a) of the FCCPA, which requires the closure of premises where a breach continues after a compliance notice has been ignored, the commission has proceeded to seal these premises,” she said, adding that the enforcement action was intended to protect consumers and ensure compliance with the law.
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“The sealing 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 stated.
A notice displayed at the entrance and signed by the management of PWAN MAX informed clients and Property Business Owners (PBOs) that the company was observing a five-day staff fasting and prayer programme from June 8 to June 12, 2026.
The notice stated that normal operations would resume on June 15.
Otti urged businesses to take compliance notices seriously, noting that the law left the commission with no discretion once a violation persisted after a notice had been ignored.
She also advised consumers to conduct due diligence and verify businesses before committing funds to transactions.
Responding to questions on possible refunds to affected subscribers, Otti said the company would be required to refund consumers where necessary.
The FCCPC official added: “If they fail to refund the money, the law also empowers us to prosecute.
“We are issuing a summons to them and they are expected to appear before the commission within seven days.”
