The Federal Competition and Consumer Protection Commission (FCCPC) is not a Price Control Board, the Executive Vice Chairman, Mr. Tunji Bello, has said.

He spoke at the 2025 World Consumer Rights Day celebration today, in Abuja.

According to him, there has been a misconception among some members of the public who expect the FCCPC to act as a Price Control Board, insisting that the commission had no such mandate.

His words, “Permit me to briefly respond to a very concerning trend. Which is what I consider the misconception of the role of FCCPC in some quarters. I observe this tendency among some of our commentators in the media space who misunderstand the provisions of the law and inadvertently mislead the public.

“To be sure, Sections 17 and 18 of the Federal Competition and Consumer Protection Act (FCCPA) 2018 expressly vest the Commission with the statutory authority to regulate competition and consumer protection across all sectors in our national life which is consistent global best practices.

“This notion was, in fact, recently affirmed by the court of competent jurisdiction. In one word, the law charges the FCCPC to champion the rights of consumers of goods and services in Nigeria.

“It is, therefore, very disturbing to hear or read parochial arguments of those who, out of ignorance of the law, seek to erect walls of sophistry against FCCPC in its discharge of this clear mandate.

“The Commission has never claimed or pretended to be a price control board. Rather, we get involved when the rights of consumers are breached or when the market is being manipulated in a manner that impedes fair competition.”

He said that the celebration was an opportunity for the FCCPC officials to rededicate themselves to championing the interests of the Nigerian Consumers.

He said, “By the FCCP Act of 2018, our mandate is clear. Which is the promotion and protection of the interests and welfare of consumers by ensuring fair competition and ethical business practices. In the context of a just transition, this means:



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