The Federal High Court in Abuja has granted the Federal Competition & Consumer Protection Commission (FCCPC) the authority to execute a search on multiple generator companies, following concerns of untoward behavior and business practices.
Dr. Adamu Abdullahi, Acting Executive Vice Chairman/ Chief Executive Officer of FCCPC, disclosed in a statement on Wednesday that the Commission initiated the investigation due to the significance of the electricity power industry, particularly in providing alternative power sources. Abdullahi emphasized the critical importance of affordable and reliable power supply for businesses and households, especially small businesses and vulnerable households.
Abdullahi stated, “That investigation is currently at various stages. Extensive briefings with topmost officials in government, and evidence gathering from relevant targets have also occurred.”
Furthermore, Abdullahi highlighted the Commission’s decision to file criminal charges against Mikano International Limited and Others for alleged obstruction of justice and failure to comply with lawful requests during the execution of the search warrant. The charges, according to Abdullahi, are in violation of Sections 28(5), 33, 110, and 111 of the Federal Competition & Consumer Protection Act (FCCPA).
“The Commission is strongly committed to ensuring compliance and transparency in the enforcement of the law,” Abdullahi affirmed.
He reassured consumers and businesses that the Commission would continue to enforce the law in a fair and humane manner, emphasizing the importance of adherence to regulatory frameworks to prevent exploitation of consumers and ensure economic and market stability.
The action taken by the FCCPC underscores the government’s determination to uphold consumer rights and promote fair business practices in Nigeria.
