OMG! Price fixing cartels shiver as FG threatens sanction over hike in cost of food items, see details

The Federal Consumer Competition and Protection Commission (FCCPC) has initiated efforts to engage with markets and supermarkets to inform operators and traders about consumer rights and regulations regarding price fixing.

Dr. Adamu Abdullahi, the acting executive vice chairman of the FCCPC, announced this in Abuja during a one-day awareness workshop for students from Nigerian tertiary institutions organized by the FCCPC.

The FCCPC had previously urged consumers to report suspected price gouging and other unfair trade practices, asserting that it would not remain passive while Nigerian consumers are exploited.

Adamu emphasized the importance of educating traders and supermarket operators on the relevant laws to ensure compliance and prevent the need for sanctions.

The FCCPC boss stated that the commission had begun advocacy visits to open markets and supermarkets nationwide to educate operators and traders on the stipulations of consumer protection laws.

He said:

He mentioned that the commission is currently conducting sensitization campaigns and that sanctions will be imposed on those who violate the regulations afterwards.

FCCPC officials had earlier uncovered dishonest rice packaging by some rice traders to deliberately deceive and take advantage of consumers.

In related news, TimesNow.com.ng reported that the FCCPC had condemned the increase in the price of sachet water, better known as pure water, across the country.

Adamu Abdullahi, the commission’s chief, stated this while speaking in Abuja at an event commemorating the 2024 World Consumer Rights Day.

The price of sachet water increased to sell for N300-N500 a bag, depending on the location, from N200, which it initially sold.

The Association of Table Water Producers (ATWAP) in Enugu said members at an emergency meeting agreed to hike the price.

Proofreading by James Ojo Adakole, journalist and copy editor at TimesNow.com.ng.

Source: TimesNow.com.ng

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