The Federal Competition and Consumer Protection Commission (FCCPC) and the Economic and Financial Crimes Commission (EFCC) have strengthened collaboration to protect Nigerian consumers from exploitation.
The commitment was made during a courtesy visit by Tunji Bello, executive vice chairman/CEO, FCCPC, to Olanipekun Olukoyede, chairman of the EFCC, at the EFCC headquarters on Thursday in Abuja.
Bello who expressed concern over the increasing cases of arbitrary price hikes, emphasised the need for a joint effort to address the issue.
He commended the EFCC’s expertise in surveillance and investigation and also sought its support in combating these unfair trade practices.
Read also: FCCPC’s heavy-handedness and the threat to Nigeria’s business and economic future
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.
Both agencies have agreed to intensify their joint efforts to protect consumer rights and bring perpetrators of economic crimes and unfair market practices to justice.
According to a post obtained from the FCCPC’s X account, this is in line with the commission’s desire to curb the exploitative pricing of consumer goods.
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