30-7-2025
The Federal Competition and Consumer Protection Commission (FCCPC) has issued warning to traders across Lagos State to cease artificial price inflation and ensure the authenticity and safety of their goods.
Mr Tunji Bello, the Executive Vice Chairman and Chief Executive Officer of FCCPC, gave the directive at a Market Engagement Forum organised by the commission in Lagos.
Bello, represented by Mrs Bridget Etim, Principal Consumer and Business Education Officer, FCCPC, underscored the commitment of the commission to fostering fair competition and safeguarding consumer rights, as enshrined in the Federal Competition and Consumer Protection Act (FCCPA) 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.
The News Agency of Nigeria (NAN) reports that FCCPC’s intensified engagement extended to major markets in Lagos, namely Mile 12 and Alaba.
At Mile 12, Lagos’s largest food hub, the commission tackled issues of tampered scales, under-weighing, the repackaging of spoilt produce, and suspected price-fixing of essential staples like rice, pepper, and yam.
Similarly, at Alaba International Market, a prominent electronics hub, the FCCPC addressed concerns related to the sale of counterfeit appliances, misleadingly labeled “Tokunbo” (fairly used) goods. NAN