FCCPC, EFCC partner to tackle consumer exploitation
FCCPC, EFCC partner to tackle consumer exploitation
Abdullateef Fowewe
The Federal Competition and Consumer Protection Commission and the Economic and Financial Crimes Commission have vowed to strengthen their collaboration to protect Nigerian consumers from exploitation.
The commitment according to a statement on FCCPC X (formally Twitter) was made during a courtesy visit by the Chief Executive Officer of the FCCPC, Tunji Bello, to the Chairman of the EFCC, Olanipekun Olukoyede, at the EFCC headquarters on Thursday.
The statement read, “Mr Bello expressed concern over the increasing cases of arbitrary price hikes, emphasising the need for a joint effort to address the issue. He commended the EFCC’s expertise in surveillance and investigation and sought its support in combating these unfair trade practices.
In response, Olukoyede acknowledged the challenges faced by consumers and assured the FCCPC of the EFCC’s full cooperation.
He emphasised the importance of a strong partnership between the two agencies in creating a fair and equitable market for Nigerian consumers.
However, both agencies according to the statement, agreed to intensify their joint efforts to protect consumer rights and bring perpetrators of economic crimes and unfair market practices to justice.
The EFCC chairman however designated Bello as EFCC ambassador.
Dailyeconomy on August 12 reported that FCCPC earlier, began with market leaders to address the ongoing rise in food prices across the country.
