A manufacturing conglomerate operating in Nigeria produces packaged fruit juices. The firm secretly reduces the liquid content below established metric weights, advertises the product with unsubstantiated medical claims, and conspires with key competitors to fix market prices. Which regulatory body holds the exclusive statutory mandate to investigate the price-fixing cartel and enforce penalties against such anti-competitive market practices?
- Federal Competition and Consumer Protection Commission (FCCPC)Answer
- BNational Agency for Food and Drug Administration and Control (NAFDAC)
- CStandards Organisation of Nigeria (SON)
- DManufacturers Association of Nigeria (MAN)
Answer
Federal Competition and Consumer Protection Commission (FCCPC)
The Federal Competition and Consumer Protection Commission (FCCPC) is the legal authority in Nigeria charged with promoting market competition, prohibiting restrictive trade practices, investigating cartels, and preventing price-fixing among market operators. Although NAFDAC regulates food/drug safety and SON regulates metric quality standards, only the FCCPC holds the statutory mandate over anti-competitive market conduct.
Step-by-Step Solution
Key Concept
Statutory mandates and jurisdictional boundaries of consumer protection agencies in Nigeria (FCCPC vs NAFDAC vs SON)