FCCPC warns traders against price inflation and unsafe goods.

The Federal Competition and Consumer Protection Commission (FCCPC) has warned traders in 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 the FCCPC, Tunji Bello, gave the directive at a Market Engagement Forum organized by the commission in Lagos, where he was represented by the Principal Consumer and Business Education Officer, Bridget Etim, reaffirming the commission's commitment to fostering fair competition and safeguarding consumer rights.

Bello disclosed that the FCCPC, which has been actively engaging with major markets in Lagos, including Mile 12 and Alaba, to address issues such as tampered scales, under-weighing, repackaging of spoilt produce, and suspected price-fixing, has also tackled concerns related to the sale of counterfeit appliances, misleadingly labeled "Tokunbo" goods, false warranty claims, and coordinated price-fixing.

The FCCPC further said that it is working with market leaders to establish new standards of integrity, promote fair competition, and protect consumers, adding that it has received positive responses from market associations, with some leaders expressing their commitment to stopping the sale of substandard goods and promoting honest business practices.

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