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FCCPC tells market traders to bring down exploitative pricing within one month

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Executive Vice Chairman of the FCCPC, Mr Tunji Bello
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The Federal Competition and Consumer Protection Commission (FCCPC), has given one month moratorium to traders and other market stakeholders involved in exploitative pricing to crash the prices of goods.
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The newly appointed Executive Vice Chairman of the FCCPC, Mr Tunji Bello, said this at a one-day stakeholders engagement on exploitative pricing on Thursday August 29th, 2024 in Abuja.
According to Bello, the Commission will begin enforcement after the moratorium.
He said that the meeting was to address the growing trend of unreasonable pricing of consumer goods and services and the unwholesome practice of market associations.
Bello gave a description of the Commission’s finding that a fruit blender known as Ninja was being sold at a popular supermarket in Texas for 89 dollars (N140,000.00) but the same product was displayed for N944,999.00 in a supermarket in Victoria Island, Lagos.
Bello wondered the basis for the arbitrary hike in the price of the blender compared to the Texas, United States of America.
He said the unwholesome practices including price fixing was threatening the stability of the economy.
”Under Section 155, violators whether individuals or corporate entities face severe penalties including substantial fines and imprisonment if found guilty by the court..
”This is intended to deter all parties involved in such illicit activities.
”However, our approach today is not punitive. I, therefore, call on all stakeholders to embrace the spirit of patriotism and cooperation.
”It is in this spirit that we are giving a moratorium of one month (September) before the Commission will start firm enforcement, ” he said.
Bello said the government was aware of most of the problems raised by the market stakeholders.
”We have heard and you have genuine issues and government has the responsibility to address the problems but generally, let us talk to ourselves too.
”There are also gang ups to exploit consumers by traders,” he said.
Some of the market stakeholders who spoke at the engagement said that high cost of transportation, insecurity, multiple taxation among others were reasons for the continuous increase in prices of goods and services.
Mr Ifeanyi Okonkwo, the Chairman, National Association of Nigerian Traders, FCT Chapter, said that charges on imported goods at the Ports also contributed to the hike in prices.
Okonkwo appealed to the Commission to set up a taskforce and involve the association in its enforcement.
Mr Emmanuel Odugwu from Kugbo Spare Parts market, said the initial cost of transportation of a trailer load of tyres from Lagos to Abuja was N450,000 but now, it costs over one million naira to transport same.
Ms Kemi Ashiri, the Liaison Manager, Flour Mills, said that fines by regulators needed to be harmonised for businesses to thrive.
Ikenna Ubaka, who spoke on behalf of supermarket owners, alleged that banks’ interest rates to them were over 30 per cent, rent increment and hike in prices by distribution/supply chains were reasons for the high cost of goods.
Ubaka also alleged that electricity distribution companies were charging supermarkets exorbitantly.
Mr Solomon Ukeme who represented Master Bakers Association, said that rapid increment of major ingredients like flour, sugar and butter contributed to the high cost of confectioneries.
He said that a bag of flour formerly sold for N34,000 was now being sold for N74,000.
He said that multiple taxation was also the major cause of the high cost of bread.
The News Agency of Nigeria (NAN) reports that various market associations also attended the engagement.
Source: NAN
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Unidentified, Mutilated Corpse of Man Found Behind Pankshin Market in Plateau

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On Tuesday, October 6, 2026 morning, the corpse of an unidentified man was found behind the Monday Market in Pankshin Local Government Area of Plateau State with his private part and other vital organs allegedly removed. adsbygoogle || []).push({});

According to a community source, the corpse was discovered by members of the community in the morning, upon which security operatives were alerted, and they reportedly arrived at the scene to evacuate the body.

The disturbing discovery attracted concerned residents to the General Hospital, Pankshin, where efforts were made to identify the deceased.

The Punch reports that a local resident, Panshak Rogo, who spoke at the hospital, said the identity of the deceased was yet to be established.

“Presently, we are at the General Hospital. We are here because there is an unidentified individual who was killed around Monday Market.

“The corpse is yet to be identified because some sensitive organs have been removed from the body. His ears and nose were cut off, while his private part has also been tampered with.”

Rogo urged members of the public who had relatives or friends reported missing to contact the police for possible identification of the corpse.

“Please, if you have any report of a missing person, go to the nearest police station. To be precise, Pankshin Police Station is important,” he said.

He appealed to anyone with useful information about the deceased or the circumstances surrounding his death to report to the police.

Efforts to reach the Plateau State Police Command for confirmation and further details were unsuccessful as of press time.

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NAF Confirms 25 Dead In ATR-42 Crash, Releases Names Of Casualties

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NAF Confirms 25 Dead In ATR-42 Crash
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The Nigerian Air Force on Tuesday, October 6th, 2026 confirmed that 25 persons died in the crash of its ATR-42 aircraft, NAF 931, in the Igbokoda area of Ondo State, and has released the list of casualties. adsbygoogle || []).push({});

The release corrects the earlier speculated crew members and passengers said to be 32, as victims of the crash.

The Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, in a statement on Saturday, described the incident as a deeply painful moment for the Air Force and the nation, and expressed profound condolences to the families of the personnel and passengers.

The aircraft had 25 persons on board, comprising five crew members and 20 passengers, and was on a routine mission from Benin to Lagos when the accident occurred.

According to the NAF, search-and-rescue procedures were immediately activated in coordination with relevant authorities, but no survivors were found.

The Air Force assured bereaved families of its full support during this difficult period.

The casualties are:

Crew

  1. Squadron Leader MI Aburime — Flight Captain
  2. Squadron Leader AP Man-Ugwueje — Co-pilot
  3. Flight Lieutenant IS Bako — Co-pilot
  4. Warrant Officer Abubakar A — Aircraft Technician
  5. Corporal Uguru HC — Aircraft Technician

Passengers
6. Flight Lieutenant TL Lazarus
7. Flight Lieutenant M Akinloye
8. Flying Officer IM Adeshina
9. Master Warrant Officer Onwuka F
10. Master Warrant Officer Matini BA
11. Warrant Officer Nuhu FS
12. Flight Sergeant James RB
13. Flight Sergeant Mohammed AI
14. Sergeant Ani AE
15. Sergeant Izibenikien SI
16. Sergeant Alafuka C
17. Sergeant Mbadugha AN
18. Lance Corporal Ugwuba FC
19. Lance Corporal Eledan GE
20. Mrs Ezeh Nneka
21. Godstmine Tarabina
22. Joy Micheal
23. Sunday Micheal
24. Ukeme David
25. Gideon Omotola

Air Marshal Aneke has directed a comprehensive investigation to establish the circumstances surrounding the accident.

The statement by the Director of Public Relations and Information, Air Commodore Ehimen Ejodame, on Tuesday, said the NAF will continue to provide timely and verified updates, and urged the public to refrain from speculation and circulation of unverified information while respecting the privacy and dignity of the affected families.

A condolence register has been opened at the Headquarters of the Nigerian Air Force, Abuja, for senior government officials, members of the diplomatic corps, heads of security agencies and other well-wishers.

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World Public Relations Forum: Kogi NIPR Chapter Embarks on Road Show for Sensitization

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From Joseph Amedu, Lokoja

Ahead of the World Public Relations Forum( WPRF) scheduled for Abuja from November 15-21, 2026, members of Kogi State Chapter of the Nigerian Institute of Public Relations ( NIPR) on Saturday, organised a road show and public advocacy in Lokoja as part of preparations for the event

The Abuja Forum is an international event meant to be attended by Public Relations Practitioners from all over the world.

The Chairman of the Kogi State Chapter of the NIPR, ISmaila Isah who was represented by his Vice Chairman, Tado Asuloto, told journalists that the road show was meant to sensitize the public about the forthcoming forum.

He also explained that the road show was meant to draw members of the public closer to the Institute.

His words” We embarked on the road show to sensitize our members and the public on the forthcoming WPRF.

” The NIPR also engaged in the public advocacy with a view to drawing the institute closer to the public and enlighten the public more about our activities. The WPRF is coming up in Abuja later in the year and the event will be attended Public Relations Practitioners from the world over.”

The road show saw NIPR members in Kogi State including those from the Nigerian Union of Journalists( NUJ), the State Police Command, Kogi State Polytechnic, Lokoja, Kogi State University, Kabba, Federal University, Lokoja, the Federal Roads Safety Commission( FRSC) , the Red Cross and the Nigeria Security and Civil Defense Corps NSCDC , among others, walking from the Ganaja Junction road through the Cenotaph to the Government House where they distributed leaflets on the Abuja event and also engaged the public in discussions.

The participants were also shown the first office of Lord Lugard located within the Government House premises and other historical structures in Lokoja.

The Director of Protocol in the Government House, Sulaiman Ibrahim welcomed the NIPR members on behalf of Governor Ahmed Ododo, assuring them of the Governor’s readiness to assist them always.

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