By Esther Ososanya
The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned traders across Lagos State against arbitrary price hikes and the sale of expired or substandard products.
The warning was issued during a market engagement forum organised by the commission in Lagos. Mr Tunji Bello, the FCCPC Executive Vice Chairman and Chief Executive Officer, gave the directive through Mrs Bridget Etim, Principal Consumer and Business Education Officer.
Bello said recent inspections revealed serious violations. At Daleko Market, expired rice was re-bagged and sold as premium products. In Mile 12 Market, officials observed tampered scales, under-weighing, and suspected price-fixing of basic food items like yam, rice, and pepper.
Similarly, at Alaba International Market, traders were caught selling fake electronics labelled as “Tokunbo” (fairly used). These included televisions, generators, and mobile phones. The FCCPC also flagged false warranty claims and coordinated price fixing.
Violations Hurt Consumers and Honest Traders
“These are not minor offences,” Bello said. “They endanger consumer health, affect household income, and undermine public trust.”
He stressed that such acts violate the Federal Competition and Consumer Protection Act (FCCPA) of 2018. They also put honest traders at a disadvantage.
The FCCPC reminded traders that all businesses, regardless of size or setting, must comply with the law. Bello acknowledged the pressures of rising operating costs but warned that they do not justify unethical conduct.
He assured market leaders that the commission would continue to advocate their concerns to the relevant authorities. However, he called for a partnership to promote fairness, transparency, and consumer trust in markets.
Market Leaders Demand Support
Alhaji Shehu Jibril, Chairman of Mile 12 Market, raised concerns about farmer safety and the food transport system. He highlighted that food is often moved using trucks previously used for chemicals, which is unsafe.
READ ALSO: FCCPC Summons Air Peace Over Unrefunded Ticket Fares
He said transporting goods from Kano to Lagos now costs over ₦150,000 due to multiple levies. Jibril urged the government to provide grants to struggling traders, especially those in large food markets like Mile 12.
The FCCPC boss encouraged traders to be honest in their dealings, respect customers, and resolve complaints promptly. He expressed optimism that ongoing collaboration with market associations would help end deceptive practices.
Bello reaffirmed the commission’s commitment to creating fair competition while protecting consumer interests across Nigeria.
Esther Ososanya is an investigative journalist with Pinnacle Daily, reporting across health, business, environment, metro, Fct and crime. Known for her bold, empathetic storytelling, she uncovers hidden truths, challenges broken systems, and gives voice to overlooked Nigerians. Her work drives national conversations and demands accountability one powerful story at a time.
