The Federal Competition and Consumer Protection Commission has reiterated its dedication to safeguarding consumers, fostering fair competition, and ensuring the safety of market products.
In an interview following a surveillance operation at steel companies in Lagos and Ogun states on Friday, FCCPC Acting Executive Chairman Dr. Adamu Abdullahi emphasized the commission’s commitment.
He mentioned that intelligence and surveillance reports pointed to anti-competitive practices by some companies.
“This is why we decided to visit three of these companies to examine their operations and review their records, as well as analyse ten of their products,” he stated. “We aim to identify any false, misleading, and deceptive practices that could harm consumers.”
One significant issue Abdullahi highlighted was the inconsistency in product specifications.
“For instance, consumers purchasing 12mm rods often receive 10mm rods instead, which contributes to the building collapses we frequently witness. Ensuring the safety of our people is a core responsibility, and these deceptive practices are unacceptable,” he said.
Abdullahi underscored the importance of thorough inspections and transparency.
“We are looking at their processes to determine if any corners are being cut. If we find evidence of such practices, we will apply the full extent of the law,” he added.
