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FCCPC Seeks Stakeholders’ Support on Curbing Price Fixing, other Unethical Practices

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The Federal Competition and Consumers Protection Commission (FCCPC) has called on stakeholders in the production and distribution value chain of the economy to support it in curbing price fixing and other unethical practices.Mr Tunji Bello, Executive Vice Chairman, FCCPC, made the call at a town hall meeting in Lagos tagged: “Stakeholders Engagement on Exploitative Pricing.

”The event was attended by captains of industries, leaders of market associations, transport operators and service providers.
Bello said he called the meeting as a result of findings discovered by the commission during a survey conducted nationwide.“We discovered that some traders form cartels in the markets and put barriers in form of ridiculous membership fees intended to ensure price fixing in the market.
“Without joining them, they won’t allow anyone to sell goods in the market or provide services.“Such practices are against the law and constitute some of the offences the commission is against,” Bello said.He noted that the purpose of the town hall meeting initiative was to engage the stakeholders to hear their stories.Bello added that the goal was to achieve a consensus for the benefit of all.According to him, the Lagos stakeholders meeting was coming after the one held in Abuja, two weeks ago.He explained that the FCCPC initiative was coming at a time Nigerians were experiencing sharp increases in the prices of food items and transportation costs across the country.While acknowledging that the exchange rate and the increase in petrol price make the old prices unsustainable, Bello frowned at disproportionate increases in the prices of food items.He attributed it to the handiwork of “cartels” exploiting consumers.He said that though sections of the law empower the commission to deal decisively with offenders, it chose to first explore the option of dialogue with a view to arriving at a consensus to deal with the growing trend.“Section 17 of the FCCP Act empowers the commission to eliminate anti-competitive practices, misleading, unfair, deceptive or unconscionable marketing, trading, and business practices.“It prescribes sanctions, including a fine of up to N10m and a jail term of three years for anyone found guilty by the court,” Bello said.To facilitate a better engagement, Bello disclosed that the FCCPC had upgraded its portal through which aggrieved consumers could lodge complaints and and get them promptly addressed.On the economic outlook, Bello stated that the removal of taxes on imported food items, pharmaceutical products and transportation was part of measures taken by the Tinubu administration to cushion the effects of economic reforms.He sought the cooperation of the traders to ensure that consumers get the benefits through reduced prices.“Such laudable measures by President Tinubu would ,however, be in vain if the benefits are not passed down to the consumers,” Bello.saidAlso speaking, the Iya L’Oja of Nigeria, Chief Folasade Tinubu-Ojo, appealed to the commission to hold a symposium with market women, farmers and security agents along the value chain of food transportation.Tinubu Ojo said the meeting was important to forestall arbitrary increase in prices of good and commodity.(NAN)

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Tinubu Honors Buhari, Renames University of Maiduguri after Late President

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By David Torough, Abuja

President Bola Tinubu has approved the renaming of the University of Maiduguri, Borno State as Muhammadu Buhari University.

“May we now adopt the University of Maduguri as the Muhammadu Buhari University,” Tinubu said at the close of a special session of the Federal Executive Council held to honour Buhari at the Aso Rock Villa, Abuja on Thursday.

The President paid a glowing tribute to Buhari, describing him as “a good man, a decent man, an honourable man” whose legacy of discipline, patriotism and moral uprightness would endure for generations.

Tinubu said although the late president was not without flaws, his unwavering commitment to national service set him apart.

“President Buhari was not a perfect man, no leader is, but he was, in every sense of the word, a good man, a decent man, an honourable man.

“His record will be debated, as all legacies are, but the character he brought to public life, the moral force he carried, the incorruptible standard he represented, will not be forgotten.

“His was a life lived in full service to Nigeria, and in fidelity to God,” he said.

Reflecting on Buhari’s time in office and his long military and civil service, Tinubu praised the late leader’s simplicity, humility, and stoic resistance to the trappings of power.

He said, “He stood, always, ramrod straight; unmoved by the temptation of power, unseduced by applause and unafraid of the loneliness that often visits those who do what is right, rather than what is popular.

“His was a quiet courage, a righteousness that never announced itself. His patriotism lived more in action than in words.”

Tinubu also recounted their political alliance, which culminated in the historic 2015 elections that marked Nigeria’s first democratic transfer of power from one ruling party to another.

“We stood together, he and I. Alongside others drawn from across the political spectrum, regions and tongues, we formed an alliance that enabled Nigeria to experience its first true democratic transfer of power from one ruling party to another.

“When he was sworn in as our party’s first elected President, he led with restraint, governed with dignity, and bore the burdens of leadership without complaint,” he said.

The President expressed admiration for Buhari’s post-office modesty, noting that he returned to his hometown, Daura, without seeking to wield influence behind the scenes.

“When his tenure ended, he returned to Daura; not to command from the shadows or to hold court, but to live as he always had, never seeking to impose his will but content to let others carry the nation forward.

“Even in death, he maintained the serenity that defined him in life: not a sigh, not a groan, just a quiet submission to the will of God. Such was the man Nigeria has lost. Such was the man for whom our nation now mourns,” he added.

Tinubu thanked the Inter-Ministerial Committee and Katsina State Governor, Dikko Radda, for organising a befitting state funeral within 48 hours, describing it as a “profound honour” to lead the burial procession in Daura.

He concluded his tribute with a prayer: “Mai Gaskiya, the People’s General, the Farmer President, your duty is done. May Almighty Allah forgive his shortcomings and grant him Aljannah Firdaus. May his life continue to inspire generations of Nigerians to serve with courage, conviction, and selflessness. President Buhari, thank you. Nigeria will remember you.”

Buhari died on Sunday, July 13, at the age of 82.

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C’River First Female NUJ Chairman Describes Tenure as Trial Period

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The first female Chairman of the Nigeria Union of Journalists (NUJ) in Cross River, Archibong Bassey has said that her first tenure in office was a trial period.

Bassey, who was returned unopposed in council’s election, made the assertion in an interview on Thursday in Calabar.

The Bassey- led executive was first elected on 9th May 2025, to complete the tenure of Nsa Gill, who was then appointed as Chief Press Secretary to Gov.

Bassey Otu.

The chairman, who thanked the members for keeping faith in her and her team, said that she would improve on her achievements while correcting any mistakes she might have made in her first tenure.

She pleaded that any member who she must have offended in the course of her leadership should forgive her as she was not perfect and called for unity among members.

“Let’s leave any form of rancour behind, I need all your support;push me from the back, support me as you can.

‘’Tell me your ideas of moving the council forward and not what someone told you about me; I am asking God for the spirit of humility and love, to enable me lead the council well.’’

Earlier in his goodwill message, Dr Erasmus Ekpang, Cross River’s Commissioner for Information, had commended the union’s unity in electing its new executives.

According to Ekpang, they will continue as a government to give the Cross River Council of NUJ what it needs and all the necessary support to enable it carry out its functions objectively.

“I want to thank you for your unity, it’s better to come unopposed, I believe one day, the Cross River Council will emerge as the best in the nation,” he said.

Other executive members who were returned unopposed are Mr Sunday Inah of the Cross River Broadcasting Corporation (CRBC) as Vice Chairman, Michael Abang of Business Day as Secretary.

Others are Kingsley Agim of the Cross River Ministry of Information as Assistant Secretary, Mrs Achiane Adams of the Ministry of Information, Treasurer, and Benedine Tete Anam of the Federal Radio Corporation of Nigeria (FRCN), Auditor.

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Gov Makinde Confered With Prestigious Chieftaincy Title of Aare Omoluabi of Akure Land by Akure Kingdom

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The Akure Kingdom will today bestow a prestigious chieftaincy title, Aare Omoluabi of Akure Land, meaning President of the Respectable People, upon His Excellency, Governor Seyi Makinde of Oyo State.

The conferment ceremony, which will take place in Akure, Ondo State, marks a significant recognition of Governor Makinde’s exemplary leadership, integrity, and contributions to the advancement of Yoruba culture and national development.

The title, one of the highest honors in the Akure Kingdom, celebrates individuals who embody the virtues of respect, dignity, and service to humanity.

Governor Makinde’s conferment reflects his outstanding commitment to good governance, infrastructural development, and fostering unity across Nigeria.

The ceremony will be attended by traditional rulers, dignitaries, and government officials, underscoring the significance of this historic event.

This honor further strengthens the bond between Oyo and Ondo States, fostering mutual respect and cooperation for the progress of the Yoruba nation and Nigeria at large.

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