The Federal Government has warned that suppliers and retailers using the excuse of coronavirus case in Nigeria to inflate protective apparel will be prosecuted.
It said sellers of face masks and latex gloves, personal hygiene products like sanitizers and anti-bacterial wipes, have increased prices of the products which are necessary in preventing infection or spread of COVID-19.
Babatunde Irukera, Chief Executive Officer, in a statement he signed, noted that abusing citizens’ sensitivity, apprehension, anxiety and vulnerability, especially during emergencies that could adversely affect national security is a violation of law.
“Any conspiracy, combination, agreement or arrangement to unduly limit or manipulate supply, in order to unreasonably enhance price or otherwise restrain competition is a criminal offence under S.108(1)(b) and (c), FCCPA”, he noted.
The FCCPC encouraged consumers to be vigilant, and report such unreasonable or arbitrary exploitative price increase or trade practices to the Commission by telephone on 08056002020, or 08056003030, or by email: firstname.lastname@example.org