The Federal Competition and Consumer Protection Commission, FCCPC, has reassured that it is committed to protecting consumers, promoting fair competition, and ensuring the safety of products in the market.
FCCPC Acting Executive Chairman, Dr Adamu Abdullahi, gave the assurance in an interview with newsmen after a surveillance exercise by the commission at some steel companies in Lagos and Ogun states on Friday.
He said that intelligence and surveillance reports obtained by the commission indicated that certain companies were involved in anti-competitive behaviour.
“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.
“We aim to identify any false, misleading, and deceptive practices that could harm consumers,” he stated.
According to him, one major concern noted was the discrepancy 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,” said Abdullahi.
He emphasized the need for 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.
