By Oluwatope Lawanson
The Federal Competition and Consumer Protection Commission (FCCPC) has warned that failure by businesses to comply with consumer protection regulations on price display, product labelling and refund policies will attract sanctions.
At a stakeholder engagement on Wednesday, the Executive Vice Chairman/Chief Executive Officer of FCCPC, Mr Tunji Bello, said the sanctions included possible sealing of premises.
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The event was organised by FCCPC in collaboration with Lagos State Consumer Protection Agency (LASCOPA).
The event held at the Lagos Chamber of Commerce and Industry, Alausa, Ikeja.
It had the theme: “Price Tagging, Minimum Labelling Requirements and Return/Refund: The Implications of Non-Regulatory Compliance”.
The FCCPC boss was represented by the South-West Zonal Coordinator of FCCPC, Dr Olubunmi Otti.
According to him, there is need to strengthen compliance and build trust in Nigeria’s marketplace.
“Lagos is the commercial centre of Nigeria where millions of transactions occur daily, but those transactions
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