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Exploitative Pricing: Traders reveal what’s making foodstuffs prices to go up
Some traders in the Federal Capital Territory (FCT) and environs have called on the Federal Competition and Consumer Protection Commission (FCCPC) to back down on its planned enforcement on exploitative pricing.
The traders who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said that transportation cost occasioned by the increase in the pump price of fuel was a driving factor on prices, especially food.
Ahmed Shehu, the Chairman of Nyanya Market Traders Association, said that traders do not just inflate prices of their goods.
Shehu listed factors that contributed to the hike in food prices to include transportation cost, insecurity and bad roads.
”If I want to go to Orange market, from Nyanya market to buy tomatoes, it cost about N2,000 to N3000 to do it before, but now, it costs about N15,000 to bring baskets of tomatoes from Orange market to Nyanya market.
”The trader will have to put all these things together and calculate their profit margin.
”What controls almost everything we do in the market is transportation, apart from the bad roads that we have,” he said.
Shehu said that the government needed to revive its refineries to help crash the prices of petroleum products and food items.
He appealed to the FCCPC to expand its meeting with traders to include representatives from Ministries of Petroleum and Transportation so that traders would voice their challenges to them.
The chairman appealed to the government to venture into mechanised farming to enable them produce some food products.
This he said would help crash down the prices of food.
”When governments (state, local) are producing tomatoes, rice and others, if they sell at a cheaper rate then, every other seller will be forced to bring down their prices”.
Mr Aloysius Oko, a cobbler at Mararaba market said the increase in the pump price of fuel had made the cost of his cobbling materials to triple.
Oko said it cost about N5,000 to make a new slippers before but the same slippers now cost about N15,000.
”I do not understand what the government is doing. They know what to do but surprisingly, they are not doing it.
”Why will they be talking about bringing down the prices of goods but they are increasing fuel pump price.
”It will not work, the government needs to do something urgently,” he said.
Mrs Fatima Hameed, another trader at Gariki market, said that no seller would sell his products below his cost price.
Mr Tunji Bello, the Executive Vice Chairman of FCCPC had said that the Commission had  identified patterns of price fixing perpetrated by some market associations, price gouging, and other anti-consumer practices.
He said the Commission had noticed the margin in the prices of imported goods which he said was very disproportionate in many cases.
For locally produced goods, Bello said the Commission had noticed that some traders were excessively inflating prices.
He said the Commission would commence enforcement on those involved in exploitative pricing.
”Such practices are against the law and constitute some of the offences the Commission is against.
”To be clear, price gouging and price fixing are not only unethical, but patently illegal also under the FCCPA.
”Section 17 of the Act empowers the Commission to eliminate anti-competitive practices, misleading, unfair, deceptive, or unconscionable marketing, trading, and business practices.
Sanctions include fine of up to N10 million and a jail term for anyone found guilty by the court,” he said.
He said the Commission would soon commence enforcement on those involved in exploitative pricing. (NAN)
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Government agency demolishes building used as kidnappers’ hideout

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Government agency demolishes building used as kidnappers’ hideout

The Oyo State Government has demolished the three-bedroom bungalow where kidnappers held hostage Mrs Busayo Adelabu John-Paul and her twin sons in Ibadan.
Mrs Adelabu John-Paul and the twins, the younger sister and nephews of former Minister of Power, Chief Bayo Adelabu, were abducted at Elewura area of Ring Road in Ibadan on June 3.
The hostages were, however, rescued by the police on Saturday night at Lako Community, Ayegun Anaye area of Ibadan, during which two of the kidnappers were neutralised and others arrested.
The demolition exercise was carried out on Monday by a team led by the Commissioner for Works and Transport, Mr Abdulmojeed Mogbonjubola, accompanied by operatives of the Nigeria Police Force.
The commissioner said that the demoltion was part of efforts by the government to tackle kidnapping and other criminal activities in the state.
According to Mogbonjubola, the state government has also revoked the land from its owner in its commitment to ensure safety of lives and combat insecurity in the state.
He admonished landlords’ associations, housing agents and residents in the state to always be vigilant about their surrounding and tenants living in their areas.
The commissioner advised residents to alert security agents and the government to any suspicious criminal activities.
Speaking earlier, the Vice Chairman of the Landlords Association, Ayegun- Lako Community, Mr Matthew Olaiya, said that occupants of the three-bedroom bungalow rented the apartment recently.
Olaiya said that the occupants of the building always returned late in the night and used to be away for days.
Also present during the demolition was the Permanent Secretary, Ministry of Works and Transport, Prince Goke Adenrele and other officials of the ministry (NAN)

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Fed Govt decries attacks on Nigerians in S/ Africa, plans retaliatory response

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Fed Govt decries attacks on Nigerians in S/ Africa, plans retaliatory response

The Federal Government has again strongly condemned the attacks, harassment and forced displacement of Nigerians in South Africa, saying it is considering appropriate measures in response.

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The Minister of Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu, stated this while speaking with State House Correspondents on Monday in Abuja.

According to the minister, many Nigerians are unhappy with the treatment of their compatriots in South Africa, considering Nigeria’s historical support for the country’s anti-apartheid struggle.

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“Nigeria is not happy because Nigeria sacrificed much for the South African struggle for independence.

“Nigeria committed funds and resources. Seats were reserved for South African students, and many Nigerians actively supported the anti-apartheid movement,” she said.

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Odumegwu-Ojukwu said the Federal Government had not ruled out any response, including possible retaliatory measures, although any decision would be taken at the highest level of government.

“That is a situation that we are considering. This is up to our legislature and the highest levels of government, but it is not off the table,” she said.

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On the evacuation of affected Nigerians, the minister said arrangements were ongoing to repatriate those willing to return home.

She explained that, although, the airlift did not commence on Monday as initially expected, documentation and other formalities were being concluded.

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“The repatriation is on course. Mr President has reiterated that the aircraft will go to South Africa and our citizens who are affected will have the opportunity to return home,” she said.

Odumegwu-Ojukwu said the number of Nigerians seeking evacuation continued to rise, adding that screening processes involving both Nigerian and South African authorities were ongoing.

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She disclosed that President Bola Tinubu had directed the immediate establishment of a crisis response unit at Nigeria’s Consulate in Johannesburg and the country’s mission in Pretoria to coordinate assistance for affected citizens.

The minister dismissed claims that the affected Nigerians were illegal migrants, insisting that many were legitimate residents and business owners.

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According to her, some Nigerians had suffered attacks on their businesses and properties, while others faced intimidation and insecurity.

“To say that Nigerians in South Africa doing legitimate business are illegal migrants is absolutely untrue,” she said.

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Odumegwu-Ojukwu added that the Federal Government, working with the National Emergency Management Agency (NEMA) and other relevant agencies, had put plans in place to support and rehabilitate returnees.

“This evacuation is being undertaken with NEMA and other government agencies to ensure that those who return are properly rehabilitated,” she said. (NAN

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Troops neutralise terrorist scout, arrest suspects recover weapons, ammunition

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Troops neutralise terrorist scout, arrest suspects recover weapons, ammunition

The Nigerian Army says its troops have in the last 24 hours, recorded significant operational successes against terrorists, bandits, kidnappers and other criminal elements in various operations across the country.

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The operational report made available to the News Agency of Nigeria (NAN) on Monday in Abuja, indicated that troops neutralised a terrorist scout, apprehended several suspects and recovered weapons, ammunition and communication equipment.

In Borno, the report said troops of 73 Battalion (Motorised) neutralised a suspected terrorist scout during an ambush operation near Malari village in Konduga Local Government Area after the suspect ignored repeated warnings to halt.

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It also disclosed that troops of 162 Amphibious Battalion recovered seven motorcycles, a PKT machine gun, 1,010 rounds of QJC ammunition and other military items during exploitation operations following the recent terrorist attack on Mandaragirau in Biu Local Government Area.

It added that troops of 145 Battalion arrested a suspected drug peddler in Damasak and recovered illicit substances, while troops of 144 Battalion apprehended a suspected terrorist informant in Madagali, Adamawa.

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In Kaduna State, the report said troops of Operation Fansan Yamma fought through an ambush mounted by more than 50 suspected terrorists during a fighting patrol in Kachia Local Government Area and forced the criminals to retreat.

It added that troops of 1 Brigade Quick Response Force apprehended eight suspected terrorists in Zamfara and recovered seven motorcycles, mobile phones, power banks, handheld radios, camouflage uniforms and other items.

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“In Niger State, troops of Operation Savannah Shield arrested three suspected terrorists linked to the abduction of a medical doctor and recovered phones, cash and materials believed to be connected to criminal activities.

“The troops also apprehended two suspected terrorist spies allegedly conducting reconnaissance around military facilities in Borgu Local Government Area of the state.

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“In Plateau, troops launched a search-and-rescue operation following the abduction of a three-year-old girl in Bassa Local Government Area and arrested a suspected kidnappers’ informant in Mangu Local Government Area,” it said.

The report further revealed that troops of Operation Whirl Stroke recovered a locally fabricated pistol abandoned by fleeing bandits in Katsina-Ala Local Government Area of Benue.

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“Similarly, troops of 14 Brigade and other security agencies arrested three suspected gunrunners in Abia and recovered seven Dane guns, 22 live cartridges and a motorcycle.

“In Rivers, troops conducting anti-illegal bunkering operations uncovered and destroyed an illegal refining site in Orashi National Forest, recovering equipment and petroleum products used for illicit activities.

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“Ongoing operations across various theatres remain focused on sustaining pressure on terrorists, bandits, kidnappers and othercriminal elements threatening national security,” it said. (NAN) (www.nannews.ng)

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