The Head of the FCCPC, Lagos Office, Suzzy Onwuka, recently led a team of investigators to engage with marketers and traders' associations in Lagos State to understand the reasons behind the ongoing increase in food prices. Similarly, in Rivers State, the FCCPC, under the guidance of its South-South Zonal Coordinator, Uchegbu Chukwuma, also conducted fact-finding sessions with traders' associations and marketers to identify the factors contributing to the continuous rise in food prices.
A statement from the FCCPC yesterday, reads: “FCCPC’s surveillance efforts suggest that participants in the food chain and distribution sector, including wholesalers and retailers, are allegedly engaged in conspiracy, price gauging, hoarding and other unfair tactics to restrict or distort competition in the market, restrict the supply of food, manipulate and inflate the price of food indiscriminately. “These obnoxious, unscrupulous, exploitative practices are illegal under the FCCPA.
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Source: GuardianNigeria - 🏆 1. / 94 Read more »