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The Commission also disclosed that it plans on extending it’s operations to Lagos, Port Harcourt, Ibadan, Kano, Kaduna and other cities in the coming weeks Abdullahi said unannounced inspections would be carried out at stores and open markets across different states as part of measures to control the abnormal price surges which had failed to respond to the appreciation of the naira in recent weeks.
Speaking to Punch, the FCCPC boss further disclosed plans to raid some open major markets on Friday (today) in the FCT to checkmate the arbitrary increase in prices of consumables by traders Abdullahi vowed to take firm measures against companies caught engaging in unfair market practices like price manipulation, excessive pricing or cartel formation.
That’s why we’re here so that practice should no longer continue.” Continuing, he stated, “Yes, this is happening in Abuja in the meantime but the last time we carried out the operation in Port-Harcourt and Lagos..
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