Cracking Down on Price Gouging: FCCPC Unleashes Market Monitors as Costs Soar

Cracking Down On Price Gouging: FCCPC Unleashes Market Monitors As Costs Soar

Apr 18, 2024. by Ekohot Editor

in a statement signed by the Acting Executive Vice Chairman/Chief Executive Officer, Dr. Adamu Abdullahi, the Commission announced that "it has directed its operatives to intensify monitoring of both formal and informal markets, where businesses may be taking advantage of market conditions to unfairly inflate prices, and ramp up enforcement activities."

Federal Competition and Consumer Protection Commission (FCCPC) intensifying monitoring of markets to identify businesses unfairly inflating prices Operatives to work with trade groups, farmers to remove barriers, combat price-fixing and dismantle cartels to boost competition FCCPC to launch consumer education campaigns on price gouging, collaborate with regulators on anti-competitive practices Eko Hot Blog reports that … Read more