FCCPC cautions traders against price inflation, fake goods

The Federal Competition and Consumer Protection Commission (FCCPC) has issued a warning to traders across Lagos State to cease artificial price inflation and ensure the authenticity and safety of their goods.

The Executive Vice Chairman and Chief Executive Officer of FCCPC, Mr Tunji Bello, gave the directive at a Market Engagement Forum organised by the commission in Lagos.

Bello, represented by the Principal Consumer and Business Education Officer, FCCPC, Mrs Bridget Etim, underscored the commitment of the commission to fostering fair competition and safeguarding consumer rights, as enshrined in the Federal Competition and Consumer Protection Act 2018.

He reminded all businesses, irrespective of their scale or operational setting, that they are subject to the provisions of this law.

Bello said that findings from recent FCCPC operations included the discovery of expired rice re-bagged and sold as premium brands at Daleko Market.

He condemned such ‘wrong and illegal’ practices, emphasising the inherent risks to public health and the damage inflicted on the reputation of honest traders.

Bello urged traders to always ensure honesty and respect in their dealings with customers, to promptly address consumer concerns and complaints.

According to him, FCCPC is optimistic that this renewed engagement will lead to a shared vision with market associations to eradicate all forms of abusive and deceptive practices.