FCCPC to invoke Section 17 of it Acts against obnoxious trade practices

The FCCPC has acknowledged that the rising cost of essential goods impacts consumers’ well-being and economic stability. While the agency recognise the fact that the Commission cannot directly control prices, It is committed to safeguarding consumers’ interests and ensuring fair market practices, necessitating fair pricing.

The Commission has frowned at Arbitrary price increases stemming from untoward practices like price gouging and conspiracy to manipulate supply, violate existing laws.

The Commission has said it will not hesitate to invoke Section 17(s) of the Federal Competition and Consumer Protection Act (FCCPA) 2018 against any perpetrator of such acts. This section prohibits obnoxious trade practices and unscrupulous exploitation of consumers.

The Commission has encourage consumers to remain vigilant and report unfair trade practices to the FCCPC. Consumers are also advised to provide details, including the conduct, location of perpetrators, and other relevant information for investigation through contact@fccpc.gov.ng.

The FCCPC said it remains committed and resoluteto promoting fair competition, protecting consumers, and fostering a regulated marketplace.

It also appreciates and welcomes citizens’ vigilance and also encourage active participation in reporting any violations.

The Commission believes together an environment where consumers are safeguarded and businesses operate ethically within the provisions of existing laws can be achieved.

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