FCCPC, EFCC partner to protect Nigerians from exploitation

The Federal Competition and Consumer Protection Commission (FCCPC) and the Economic and Financial Crimes Commission (EFCC) have assured of their commitment to strengthening their collaboration to protect Nigerian consumers from exploitation.

This was the outcome of a courtesy visit on Thursday by the Executive Vice Chairman/Chief Executive Officer of the FCCPC, Tunji Bello, to the Executive Chairman of the EFCC, Olanipekun Olukoyede, at the EFCC headquarters.

Bello expressed concern over the increasing cases of arbitrary price hikes, emphasizing the need for a joint effort to address the issue.

He commended the EFCC’s expertise in surveillance and investigation and sought its support in combating these unfair trade practices.

In response, Olukoyede acknowledged the challenges faced by consumers and assured the FCCPC of the EFCC’s full cooperation.

He stressed the importance of a strong partnership between the two agencies in creating a fair and equitable market for Nigerian consumers.

Both agencies agreed to intensify their joint efforts to protect consumer rights and bring perpetrators of economic crimes and unfair market practices to justice.

Olukoyede designated Bello as an Ambassador to the EFCC.

This comes barely a week after FCCPC announced its desire to engage market leaders across the country to curb the exploitative pricing of consumer goods especially food items.