The Federal Competition and Consumer Protection Commission (FCCPC) took a strong stance against unfair trade practices today with targeted enforcement operations at two Abuja branches of 4U Supermarket. Consumers have been facing rising prices, and the FCCPC is committed to protecting their rights.

The operation uncovered several issues, including:

Price Discrepancies: Discrepancies were found between the prices displayed on shelves and the prices charged at checkout. This is a confusing and frustrating practice for consumers.
Weevil-Infested Rice: The FCCPC discovered and removed 97 bags of rice infested with weevils. These bags were from brands (Royal Stallion and Caprice) that haven't been produced in Nigeria since 2018. This raises concerns about the safety and legitimacy of the products.
Dr. Adamu Abdullahi, the acting head of the FCCPC, emphasized that similar operations will be conducted across Nigeria, targeting both formal and informal markets. The FCCPC aims to eliminate unfair trade practices such as:

Collusion: Businesses agreeing to fix prices or limit competition.
Price Gouging: Unreasonably increasing prices during times of scarcity or high demand.
Price Fixing: Businesses agreeing on a set price for a product or service.
Cartel Formation: A group of businesses acting together to limit competition.
The supermarket was temporarily closed while the substandard rice was removed. The management will be required to sign a formal agreement ensuring they comply with consumer protection regulations.

This is a positive step by the FCCPC towards protecting Nigerian consumers. We'll continue to monitor the situation and provide updates as they become available.

I wish Tinubu the best but I wonder how many months or years it will take him to bring the economy up to the poor state where Buhari left it, then we could try to move forward from there

I commend Obidients for keeping them on their toes and fact-checking their propaganda if not they would’ve finished Nigerians

We have to avoid repeating this same mistake in 2027

This maladministration of mandate thieves are clueless, incompetent to the bones.

Going after private Business of Nigerians after they formulated & introduced zombie policies. So what happens to market forces determining the prices of goods in a free market

Price Discrepancies: Discrepancies were found between the prices displayed on shelves and the prices charged at checkout. This is a confusing and frustrating practice for consumers.

What is your business corcerning prices at the shelves to the prices at checkout.

The best way to tackle those with mindless, exploitative tendencies!

Chai..




They complained that Dollar is getting too high,,


Yet, some Ewu Gambias are still very angry that Naira is gaining value.


But they forgot their protest that 1$ should equal 1 Naira.




Ewu Gambias!!

Good
Extend nationwide

Nigerians will milk every situation

In so much that abitrary price increase and exploitation of the end consumers must be checked, the clueless and incompetent Tinubu-led APC government needs to be reminded that a lots of its neck-constricting catastrophic economic policies puts the sellers at this mess. You factor a lot of costs into the final cost. Not forgetting that manufacturers also does theirs.

Good

If they can't sell it cheap, let it be seized and be shared freely to the masses

Racoon:
In so much that abitrary price increase and exploitation of the end consumers must be checked, the clueless and incompetent Tinubu-led APC government needs to be reminded that a lots of its neck-constricting catastrophic economic policies puts the sellers at this mess. You factor a lot of costs into the final cost. Not forgetting that manufacturers also does theirs.

No be everything you need to wail about bro

Make I dance 🕺