Tag: FCCPC

  • Traders open up over arbitrary increase in price of yam

    Traders open up over arbitrary increase in price of yam

    Yam sellers in the Federal Capital Territory (FCT) on Friday appealed to the Federal Government to intervene on the arbitrary increase in price of yam in the country.

    The sellers, who spoke in separate interviews in Abuja, said that the continuous increase of the stable food was affecting their livelihood.

    They, however, attributed the constant price increase of the product to insecurity, high transportation costs, and the increasing cost of fertilisers and pesticides.

    Blessing Timothy, a yam seller in Masaka market, called on the federal and state governments to regulate the constant price increase of food stuff to minimise the sufferings of Nigerians.

    She also appealed to government at all levels to provide farmers with modern farm inputs, while ensuring the timely distribution of fertilisers to boost food production across the country.

    Timothy said early distribution of fertiliser would enhance the cultivation of yams and other crops and possibly bring down the cost of farm produce.

    “I am appealing to the government to provide machinery like tractors and other farm inputs to farmers at subsidised rates in order to boost food production in the country.

    “The provisions of modern farm inputs to farmers will not only help fight poverty, hunger, and unemployment but will also improve the revenue base of the country.

    “It will improve on harvest, reduce cost of production and bring down prices,’’ she said.

    Timothy said that a five tuber of yam now sell for between N15,000 to N30,000 depending on the sizes.

    She expressed worry that something must be done urgently to address the cost of yam and other food items and reduce the sufferings of Nigerians.

    Hannah Duke, another yam seller in Mararaba, said the increase in the price of yam had affected her business, adding that she was gradually losing her capital.

    According to her, most farmers don’t go to farm anymore because of the insecurity. Those who managed to plant will pay the gunmen to be able to harvest. Cost of transportation and pesticides.

    “All these go to the cost of production and at the end the farmers need to increase price to make ends meet,’’ she said.

    Duke said that yam business was no longer profitable, adding that it was difficult for people to buy yam these days.

    “The price we are selling is not profitable, but we just have to sell it anyways.

    “Sometimes we are forced to cut a yam into pieces to sell.

    “We sell small slices of yam for between N1000 to N2000, depending on the size. We are appealing to the government to come to our aid,’’ she said.

    Josephine Ejeh, another seller in Mararaba, expressing her frustration, said that yam was now beyond the reach of the ordinary man.

    “We don’t know where to start from. Last year, we sold a bundle of yam (5 pieces) for N3,000 and now we are selling for between N15,000 or N30,000, depending on the size.

    “People are not patronising us again. I’ve been here since morning, and I have not sold anything. Everyone is complaining, and it is not our fault either.

    “I used to buy 100 pieces of yam for between N50, 000 to N60, 000, in 2003 but now I buy for between N200, 000 to N350, 000, it is that expensive now.

    “It used to take me three to four days to sell off 100 pieces of yam, but I’ve had these 100 pieces for two weeks and I’ve not sold even half of it,’’ she said.

    Ejeh called on the government to come to their aid, so that yam sellers would not lose their sanity.

    “The government should help us resolve this because gradually we are running out of our minds,’’ she said.

    Similarly, Rose Musa, also a yam seller appealed to the government to intervene and regulate the prices of yam and other food stuff.

    “The price of yam is very high and the patronage is low. We don’t have sales like before, and everyone is complaining.

    “The cost of living is also very expensive. We end up reducing the price so that we can sell our goods sometimes, and we don’t make any gain.

    “We are tired and need help. The government should help us resolve this because it is getting out of hand. We cannot even fend for ourselves again,’’ she said.

    Recently the Federal Competition and Consumer Protection Commission says it will take action against members of trade associations that engaged in indiscriminate hikes in the prices of basic food items.

  • Senate approves Tunji Bello as new FCCPC boss

    Senate approves Tunji Bello as new FCCPC boss

    The Nigerian Senate on Monday approved the nomination of Dr Olatunji Bello for appointment as the chief executive officer/executive vice-chairman of the Federal Competition and Consumer Protection Commission, FCCPC.

    President Bola Tinubu had on Thursday, urged the Senate to consider and confirm Dr Olatunji Bello as the new CEO, EVC of the FCCPC.

    The confirmation was sequel to the consideration of the report of the Committee on Trade and Investment presented by its chairman, Senator Sadiq Suleiman, APC-Kwara North, during plenary.

    In addition, the Senate approved the nomination of Dr Jobson Eseodion Ewalefoh for appointment as the director-general of the Infrastructure Concession Regulatory Commission ICRC.

    The approval followed the consideration and approval of the report of the Committee on Trade and Investment chaired by Senator Sadiq, Kwara North, during plenary.

  • Meta will appeal $220m fine by Nigerian govt – WhatsApp

    Meta will appeal $220m fine by Nigerian govt – WhatsApp

    WhatsApp says its parent body, Meta, will be appealing the $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC) regarding its violation of Nigeria’s data privacy laws.

    The organisation, Whatsapp, said this in a statement made available on Saturday in Lagos.

    It said: “We disagree with the decision today as well as the fine and Meta will be appealing the decision.

    “In 2021, we went to users globally to explain how talking to businesses among other things would work and while there was a lot of confusion then, it has actually proven quite popular,” the organisation said.

    NAN reports that the reaction follows a statement released by the FCCPC and signed by its acting Executive Chairman, Adamu Abdullahi, saying that Meta had denied Nigerian users control over their data.

    The FCCPC said that Meta had also shared the users data without consent, and abused its market dominance.

    According to the statement released to the media, the FCCPC’s final order  imposed a monetary penalty of two hundred and twenty million U.S. Dollars only, on Meta.

    The penalty is in accordance with the FCCPA 2018, and the Federal Competition and Consumer Protection (Administrative Penalties) Regulations 2020,” the statement said.

    The FCCPC announced that it initiated its investigation in May 2021, based on evidence suggesting that Meta, through its platforms, had breached the provisions of the FCCPA 2018 and the Nigeria Data Protection Regulation 2019.

    It stated that these regulations were in effect prior to the enactment and implementation of the Nigeria Data Protection Act 2023.

    The competition protection body noted that Meta responded to document requests and summons by providing some information.

    It stated that Meta’s representatives and retained legal counsel had consistently engaged with and met investigators and analysts from the commission and the NDPC, including as recently as April 4, 2024.

    The FCCPC highlighted that its investigation uncovered evidence of Meta engaging in practices that were abusive and invasive towards data consumers in Nigeria.

    This included collecting personal data without consent and implementing discriminatory practices against Nigerians, among other issues.

    Meta Platforms, Inc., doing business as Meta, is an American multinational technology conglomerate based in Menlo Park, California.

    The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services.

  • ICYMI: Tinubu makes fresh appointment in FCCPC

    ICYMI: Tinubu makes fresh appointment in FCCPC

    President Bola Tinubu has approved the appointment of Mr Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending confirmation by the Senate.

    The appointment was announced in a statement on Monday by Chief Ajuri Ngelale, Special Adviser to the President, Media and Publicity.

    Bello, a lawyer, administrator, journalist and former secretary to the Lagos State government, holds a Master’s degree in International Law and Diplomacy from the University of Lagos.

    He studied Law at the same university and was called to the Nigerian Bar in 2002.

    “Mr Bello began his career in journalism at the Concord Newspapers in 1985 and held the positions of Group Political Editor; Sunday Concord Editor, and Editor, National Concord.

    “He is a winner of the US Alfred Friendly Press Fellowship and was appointed the Chairman, Editorial Board of THISDAY Newspapers in 2001.

    “He also served as Commissioner for Environment under various administrations in Lagos State,” said the statement.

    According to the statement, the President expects the new Chief Executive Officer to ensure the realisation of the Commission’s mandate of protecting and promoting the interest and welfare of Nigerian consumers.

    He also expects the agency to ensure the adoption of measures to guarantee the safety and quality of goods and services.

  • FCCPC raises alarm over increased sale of adulterated foods

    FCCPC raises alarm over increased sale of adulterated foods

    The Federal Competition and Consumer Protection Commission (FCCPC) has frowned at the increasing sale of adulterated and contaminated foods in the markets.

    The Acting Executive Vice Chairman of the Commission, Dr Adamu Abdullahi, said in Abuja on Thursday, that some traders were engaging in various forms of adulteration without minding the health implications on consumers.

    Abdullahi said this at a one-day sensitisation for traders, farmers, Civil Society Organisations (CSOs) and the public on forceful ripening of fruits, adulterated palm oil, contaminated meat and grains.

    Abdullahi said the move was to ensure a healthier society in line with President Bola Tinubu’s Renewed Hope Agenda.

    He said the Acts that established the Commission gave them powers to evacuate fake and adulterated products from the markets to avoid purchase by consumers.

    According to him, we have to renew the hope of our people to be alive and healthy first.

    “We have allowed the love of money to supercede everything that we do.

    “We will go the markets to sensitise the traders, educate the public and sellers that adulterated and fake products are not allowed in the markets and if they see any, they have somewhere to report.

    “We are going to markets in the states, the grassroots, farms to find out the sharp practices going on and to ensure we get a healthier society in line with President Tinubu’s Renewed Hope Agenda.

    “We have to ensure that the goods in the markets are according to the standard that they should be,” he said.

    Mr Femi Stephen from the Federal Ministry of Health and Social Welfare, described adulteration as the addition of substandard substances that had same properties with the food stuff which they are mixed.

    On adulteration of palm oil, Stephen said they are being adulterated with dye, lard (animal fat from pork) and transformer oil (paraffin).

    Stephen said that adulteration had been linked to various health challenges.

    He listed some health issues linked to adulteration to abdominal pain, nausea, brain damage, stomach disorder, cardiac arrest, liver disease and breathing difficulties.

    Stephen urged farmers to seek experts’ guidance in the application of pesticides to avoid poisoning.

    Dr Promise Ogbonna from the National Agency for Food, Drug Administration and Control (NAFDAC) said that forceful ripening of fruits was detrimental to health.

    Ogbonna said that calcium carbide used for forceful ripening of fruits were arsenic and phosphorus which had been said to be carcinogenic.

    Dr Edozie Ugwu, the Vice-President, North Central, National Association of Nigerian Traders (NANTS), commended the FCCPC for the sensitisation.

    Ugwu said that many Nigerians had lost their vital body organs to the adulteration of food.

    He said the market associations would collaborate with the Commission and other government agencies to ensure that the law penalised any trader found wanting in the practice.

    “What we intend doing is to take this back and sensitise our traders on the importance of avoiding these adulterated foods.

    “We plead that this be extended to various markets,” he said.

    Various market associations including market women associations and members of Food and Hygiene Association of Nigeria were present at the event.

  • Tinubu’s credit scheme to address `loan sharks’ excesses – FCCPC

    Tinubu’s credit scheme to address `loan sharks’ excesses – FCCPC

    The Federal Competition and Consumer Protection Commission (FCCPC), says President Bola Tinubu’s credit scheme will help to close the gap and reduce vulnerability of Nigerians to unethical digital loan companies.

    The Acting Executive Vice Chairman of FCCPC, Dr Adamu Abdullahi, said this in an interview with NAN in Abuja on Sunday.

    Abdullahi who was reacting to unethical practices by some unregistered digital money lenders to their customers, said the scheme would grant Nigerians access to soft loans without collaterals.

    He said the scheme would also help to reduce the rate at which Nigerians patronise unregistered loan applications that were prone to maiming and shaming their character.

    The acting executive vice chairman said that although the Commission had registered some digital money lenders, most of them who were not registered had continued their unethical practices on their customers.

    “What is happening is because the availability of loans is not there in Nigeria but you can see that this government through its `Renewed Hope Agenda’ came up with a credit scheme.

    “It has now gone into effect but it is only for government workers for now, it is going to address the gap that the apps were addressing before.

    “So once we have that kind of possibility in which a person can get a loan from a recognised institution, banks, it will be a soft-loan without collateral.

    “The only collateral you will need is your National Identification Number (NIN) and once you have NIN and Bank Verification Number (BVN).

    “That means you are identified and people know that you are the one that has taken this loan and they know how to get their loan back.

    “When that gap is now filled, this people (loan companies) will sit up and do the right thing or they fizzle out of existence,’’ he said.

    On the Commission’s achievements in the past one year, Abdullahi said t
    It had begun investigations into some unfair practices and irregularities in the market.

    “We frown against practices that are monopolistic, we frown against abuse of dominant position in the market.

    “In the competition aspect, we found out that there are some companies that are doing some anti-competitive practices and this has led to a sanction against a major international company.

    “Beyond the sanction, the aspect that is not well reported is the aspect that we have made them to do some advocacy in the field of tobacco smoking for the young and under-aged.

    `We have on-going investigations in other major companies which we found are indulging in other anti-competition practices,’’ the acting executive vice chairman said.

    Abdullahi said that advocacy was a major hindrance for the Commission, adding that the FCCPC was planning to have presence in all the 774 Local Government Areas (LGAs).

    This according to him will be done through a Memorandum of Understanding (MoU) with another government agency to educate people on their rights.

  • PAY TV: FCCPC keeps mum on MultiChoice’s price hike

    PAY TV: FCCPC keeps mum on MultiChoice’s price hike

    Federal Competition and Consumer Protection Commission (FCCPC), on Thursday, did not oppose the recent price hike on tariffs and cost of products and services by MultiChoice Nigeria Limited, the owners of Dstv and Gotv.

    FCCPC made this known through its lawyer, Nikiomari Abeke, before the three-member panel of Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja.

    The three-member tribunal is chaired by Thomas Okosun.

    The CCPT had, on April 29, restrained MultiChoice from increasing its tariffs on the Dstv and Gotv packages scheduled to take effect from May 1, pending the hearing and determination of the motion on notice filed by Festus Onifade.

    The tribunal, presided over by Saratu Shafii, gave the interim order following an ex-parte motion moved by Ejiro Awaritoma, counsel for the applicant, Onifade.

    CCPT, thereafter, directed all parties in the suit to appear before it on Ma y7 at 10am for the hearing and determination of the motion on notice.

    Onifade, in the suit marked: CCPT/OP/2/2024 and filed April 29, had dragged MultiChoice and FCCPC before the tribunal.

    The claimant, also a legal practitioner, sought two orders, including an order of interim injunction restraining the Pay-Tv operator from going ahead with its impending price increase until the determination of the motion on notice.

    But MultiChoice, through its lawyer, Moyosore Onigbanjo, SAN, filed a preliminary objection praying the court to decline jurisdiction in the suit.

    Onigbanjo argued that such price dispute case had been decided before in favour of his client.

    However, Onifade, in his response, urged the tribunal to discountenance the company’s objection and direct it to pay the sum of N10 billion or any amount the panel might deem fit in the circumstance for deliberately disobeying and failure to comply with the interim order.

    When the case was called on Thursday, Onigbanjo tendered and adopted the previous judgement of the tribunal in suit no CCPT/OP/1/2022 as exhibit alongside his application.

    The senior lawyer argued that when a court had already determined an issue between same parties on the same subject matter before, that matter cannot be re-litigated again by any tribunal or court.

    “Therefore, this tribunal cannot sit on appeal on its decision.

    “This tribunal is bound by its own decision in Exhibit A; that it is not the forum where the claimant can come to seek to regulate the prices and services offered by MultiChoice,” he said, urging the tribunal to strike out the suit.

    On his part, Onifade argued that the issue he brought did not border on price regulation or increase.

    He said what he placed before the court was whether the company gave adequate notice in respect of the May 1 subscription price increase.

    “It is our submission that the 8-days notice issued by Multichoice Nigeria Ltd is insufficient in law.

    “A monthly subscriber should be given at least a month,” he said, praying the tribunal to dismiss the preliminary objection for being a waste of time of the court.

    Counsel for the FCCPC, Abeke, told the CCPT that the commission was not opposing MultiChoice preliminary objection.

    According to the lawyer, to that extent, no process or no counter was filed to the motion of the first defendant (MultiChoice).

    After taking the arguments of parties, the tribunal adjourned the suit until June 7 for ruling

  • BREAKING: FCCPC vows to review fresh price hike of DStv, GOtv packages

    BREAKING: FCCPC vows to review fresh price hike of DStv, GOtv packages

    The Federal Competition and Consumer Protection Commission (FCCPC) says the recent price increases in MultiChoice cable subscriptions will be reviewed by relevant stakeholders to ensure subscribers in Nigeria get value for their money.

    The Acting CEO of FCCPC, Adamu Abdullahi, spoke to Channels Television on its Dateline Abuja programme on Thursday.

    During the interview, he provided an update on the summons issued to the owner of a Chinese store in Abuja accused of discriminatory and sharp practices.

    He also commented on the adherence to the order given to the Abuja Electricity Distribution Company, stating that sanctions are imminent for all verified infractions identified by the agency.

    Thenewsguru.com on Wednesday reported that  MultiChoic increased its DSTV and GOtv packages, saying the increase was necessitated by the rise in the cost of business operations.

    According to the company, the increment would take effect on May 1, 2024.

    The Premium package on DSTV which used to cost N29,500, would now go for N37,000, while the Compact Plus which currently goes for N19,800, has been increased to N25,000.

  • Chinese Chamber opens up on Nigerian denied access into supermarket

    Chinese Chamber opens up on Nigerian denied access into supermarket

    The China General Chamber of Commerce (CGCC) in Nigeria, says no Nigerian has been subjected to discrimination or denied access to the Chinese supermarket.

    The supermarket is located within the premises of the Royal Choice Estate, Airport Road, Abuja.

    The Secretary of China Chamber of Commerce, Mr Cui Guangzheng, said this in a statement in Abuja.

    Guangzheng reiterated the commitment of the chamber toward ensuring equality and inclusiveness.

    A video posted by an unidentified FCT resident alleged that a Nigerian was denied access to the premises alleging that citizens were not allowed into the supermarket.

    ”The China Chamber of Commerce is one of several enterprises using the facility, and the supermarket in question is located in the residential area of the estate.

    ”No individual was subjected to discrimination or denied access to the estate or supermarket to purchase groceries as widely believed.

    ”We regret any altercation at the estate’s entrance gate between the security personnel and a customer, it does not reflect the official position of the estate management or the chamber of commerce

    “Our principles are to enhance friendship between the people of both countries and promote economic development,” he said.

    The supermarket was under lock and key when officials of the Federal Competition and Consumer Protection Commission (FCCPC) visited the supermarket.

  • FCCPC summons owner of Chinese supermarket for alleged discrimination of citizens

    FCCPC summons owner of Chinese supermarket for alleged discrimination of citizens

    The Federal Competition and Consumer Protection Commission (FCCPC), has summoned the owner of a Chinese supermarket located in the Federal Capital Territory (FCT), for alleged restriction of Nigerians.

    The supermarket located at Royal Choice Estate, Lugbe, allegedly permits only Chinese citizens access to purchase groceries.

    The supermarket was under lock and key when officials of the FCCPC visited in reaction to a viral video where citizens frowned at the supermarket’s policy.

    Ms Boladale Adeyinka, the Director, Surveillance and Investigations of FCCPC, who led the team, said the essence of the investigation was to verify the allegations and the contents of that viral video.

    ”On arrival, we noticed that the supermarket which is right behind me, was sealed and padlocked externally.

    ”Inquiries have shown that yes, as at this morning this supermarket was opened and people were here.

    ”CCTV footage also shows that at about 8:29 a.m., two vehicles departed from these premises allegedly containing the owner of the supermarket, whom we have been able to identify by name and we have her contact details.

    ”Now the summon is to serve notice on her to appear before the FCCPC by April 24 at 11 a. m.

    ”There are other regulatory tools to be deployed if she fails to honour this summons, ” she said.

    Adeyinka said that if the owner of the supermarket failed to hour the summon, the commission under its powers, would seal the premises until she complied.

    Mr Sanusi Shuiabu, the Estate Assistant Facilities Manager, said the supermarket was primarily established to cater for the groceries needs of Chinese residents and other tenants of the estate.

    He said that there were no agreement restricting the supermarket to Chinese residents only.

    Shuiabu said the owner of the supermarket who he simply identified as Cindy was a tenant in the estate.

    The supermarket was under lock and key when the FCCPC official visited.