We Are Probing Fraudulent Practices Of Generator Importers, Sellers- FCCPC

The Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that it has discovered anti-free market practices such as price-fixing being perpetrated by importers and sellers of generating sets in Nigeria.

The Chief executive officer (CEO), FCCPC, Babatunde Irukera made this known in a weekend television interview.

He said through intelligence gathering, FCCPC also saw that some of the companies were equally shortchanging the government in payment of duties for imported spare parts.

Irukera said some of the companies importing and selling generators took “undue advantage” of the opportunity provided by government through exemption of duty payment on imported completely knocked down parts (CKDs) intended to boost alternative energy and increase affordability of alternative power sources for consumers.

The FCCPC boss explained that the policy is part of the government’s efforts to address power generation, transmission and distribution deficits in the country for the people to access supply at an affordable price.

“The least that a society should experience is that the candle doesn’t burn from both ends and is not shortchanged even with respect to the cost of providing alternative power, typically referred to as renewable energy,” he said.

“So, we got credible intelligence that in the generator sector, there were a few things that were going wrong”, he explained.