FCCPC said, it would not tolerate actions compromising the integrity of the food chain sector, threatening that the legal consequences would be swift and severe.
The Commission’s Ag. Executive Vice Chairman/Chief Executive Officer, Dr. Adamu Abdullahi who handed down the warning in a statement on Friday, February 9, 2024, said, the Commission’s surveillance efforts suggest participants in the food chain and distribution sector including at the retail level are engaging in conspiracy, price gouging, hoarding, and other unfair tactics/ strategies to restrict the supply of food, manipulate and inflate the price of food in an indiscriminate manner.
The conduct, he noted, violates both moral and legal codes.
“Taking advantage of consumer anxiety and vulnerability to inflate prices, and restrict or distort competition, is obnoxious, unscrupulous, exploitative, and illegal”, he added.
