FCCPC partners EFCC to protect consumers’ exploitation
By Kola Bola
In a bid to ensure all Nigerian consumers are protected from all manners of exploitations, the Federal Competition and Consumer Protection Commission (FCCPC) has partnered with the Economic and Financial Crimes Commission (EFCC) to strengthen their collaborative task to see consumers in the country are saved from market rip-offs. The all-important and strategic partnership was disclosed by FCCPC through its X handle.
While on a courtesy visit to the EFCC headquarters, FCCPC’s Executive Vice Chairman, Mr. Tunji Bello, expressed concerns over increasing cases of arbitrary price hikes, and he stated that the need for a joint effort to address the issue could not be over-emphasised.
Bello said, “We need to work together to address the issue of arbitrary price hikes, which is becoming a major challenge for Nigerian consumers.”
EFCC’s Executive Chairman, Mr Olanipekun Olukoyede, assured the FCCPC of the EFCC’s full cooperation, adding that a strong partnership between the two agencies is a very important one.
“We are committed to creating a fair and equitable market for Nigerian consumers. We will work together to bring perpetrators of economic crimes and unfair market practices to justice,” Olukoyede said.
Both agencies agreed to intensify their joint efforts to protect consumer rights, Olukoyede also designated Bello as an Ambassador to the EFCC.
This partnership comes after the FCCPC announced its desire to engage market leaders across the country to curb exploitative pricing of consumer goods.
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