The Federal Government of Nigeria has warned suppliers and retailers of face masks and latex gloves, personal hygiene products like sanitizers and anti-bacterial wipes using the excuse of coronavirus case in Nigeria.
Sellers of protective apparel like 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.
Federal Competition & Consumer Protection Commission (FCCPC), on Saturday, released a memo via FCCPC twitter handle, said the inordinate practice during national public health concern violates both moral codes and extant 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.
“Any exercise or exploitation of undue pressure in selling or the sale of goods or services, or price manipulation between displayed, and selling price are also serious violations of the FCCPA under Sections 115(3) and 124(1).
“Taking advantage of the possibility of infection by a dangerous communicable disease to control supply, or unilaterally increase prices is predatory as it preys on the desperation of citizens.
“Considering the circumstances and the vital national interest/security this illegal conduct undermines, the Commission intends to strongly enforce the full letter of the law, including the fullest extent of penalties associated with this conduct,” he added.
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: email@example.com