Business
Why We Shut Down 5 Textile Companies –Consumer Protection Agency
Consumer protection activities are not totally swept under the carpet in the country afterall, the apex consumer protection agency in the country has reiterated.
This assertion may be explained by the fact five textile companies are currently shut down in the agency’s bid to safeguard the interest of consumers.
This fact was laid bare by the Federal Competition And Consumer Protection Agency (FCCPC) in a release by its Director of Corporate Affairs, Ondaje Ijagwu.
It said its operatives shut down the five textile companies because they engaged in unethical business practice – deceptive sale of underweight and shortened fabric materials to unsuspecting consumers in breach of the provisions of FCCPA (2015)
FCCPC said the enforcement exercise by the commission was led by its Director of Surveillance and Investigation, Mrs Boladale Adeyinka.
It zeroed in on Kano markets unearthing the sale of fabric materials below the standard length and measurement indicated by retailer while charging consumers full price.
The release said the textile products involved in the sharp practices included LGR product U&Me Product, Nana, Tex product, Ver Levintus product and Mama Africa product, Hightex Product, UE product, S-U Velt product, Jisiki product.
The consumer protection agency said investigation revealed that the products were imported, marketed, distributed , advertised and warehoused at Nos 238, 249,313, 315, 413 and 428 Gadum Ababa Layout; Nos 38 and 40 Ibrahim Taiwo Road; No 87 Bua Rice Mills Street, Links 1I, II and III Ajasa Inuwa Wards Road and No 287 Gandum Albasa New Layout In Kano City
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Speaking on the development, the EVC/CEO of FCCPC, Mr Tunji Bello reiterated the commission’s zero tolerance for any practice that exploits Nigerian consumers or distorts market and threatens fair competition.
“By undermining honest traders and businesses that comply with lawful standards, this nefarious practice of selling underweight products can drive legitimate retailers out of the market, thereby reducing consumer choice and entrenching anti-competitive behaviours”, said the FCCPC boos.
He reassured the public that the commission would continue to deploy lawful means to deter such exploitative conduct in all markets across Nigeria.
The consumers’ protection agency also reminded retailers, distributors and suppliers across the country of their obligation under law to provide goods that conform to standard prescription, measurement and standards.
