COVID-19: Commission frowns at arbitrary hike in price of face masks, others

The Federal Competition and Consumer Protection Commission (FCCPC) has frowned at the arbitrary increase in the prices of protective face masks and latex gloves by suppliers and retailers of the products.
A statement by Mr Babatunde Irukera, the Chief Executive Officer of the commission, in Abuja on Saturday described the practice as a violation of both moral codes and extant laws.
Irukera explained that suppliers and retailers were exploiting the national public health concern caused by the coronavirus outbreak to make gains.
According to him, considering the circumstances and the vital national interest/security this illegal conduct undermines, the commission intends to strongly enforce the full letter of the law, including the fullest extent of penalties associated with the conduct.
He regretted that some reputable pharmacies and department stores were engaged in the unwholesome practice to distort the market, or temporarily restrict availability in order to unreasonably increase prices.
“It has come to the attention of the FCCPC that certain suppliers and retailers are taking undue advantage of citizens and engaging in unconscionable trade practices with respect to basic safety and protective apparel.
“They include face masks and latex gloves, as well as personal hygiene products like sanitisers and anti-bacterial wipes because these products are relevant and necessary in preventing infection or spread of coronavirus (COVID-19).


“Abusing citizens’ sensitivity, apprehension, anxiety, and vulnerability, especially during emergencies that could adversely affect national security is a violation of the law.
“Specifically, section 17(s) of the Federal Competition and Consumer Protection Act (FCCPA) prohibits “obnoxious trade practices”, or the “unscrupulous exploitation of consumers”.