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Nigerian Government Warns Of Potential Closure Of FMCG Outlets Amid Price Surge

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Nigerian Government Warns Of Potential Closure Of FMCG Outlets Amid Price Surge....KINDLY READ THE FULL STORY HERE▶

Amidst the escalating economic challenges, the Nigerian Government has issued a stern warning to Fast-Moving Consumer Goods (FMCG) outlets across the nation, cautioning them against deceptive pricing practices and threatening possible shutdowns……CONTINUE READING

 

 

 

 

 

 

 

 

The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Adamu Abdullahi, delivered this warning in a statement released on Saturday, emphasizing the pressing need for transparency in pricing, particularly in the face of rising food costs.

Abdullahi stressed the importance of businesses providing clear and transparent pricing information to enable consumers to make informed decisions while purchasing goods. The FCCPC reiterated its unwavering commitment to combating exploitative practices, citing the penalties outlined in the Federal Competition and Consumer Protection Act (FCCPA) for violations.

The Commission urged FMCG outlets to immediately cease any deceptive practices to avoid facing repercussions. It emphasized the significance of transparent pricing to empower consumers, especially during these challenging economic times.

Furthermore, the FCCPC underscored its dedication to safeguarding consumer rights and fostering a conducive market environment. It reminded businesses of the consequences of violating consumer protection laws, including fines for organizations and potential imprisonment for directors.

In a recent operation, the Commission took decisive action against Sahad Stores Limited, a prominent establishment located in Area 11, Garki, Abuja. The store was sealed off due to various allegations, including stockpiling, extortion, lack of transparency, and deceptive pricing practices, highlighting the government’s proactive stance against such misconduct.

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“The Great Betrayal: Fayose Exposes Makinde’s Shocking Plot To Kidnap Tinubu”.

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Former Ekiti State Governor, Ayo Fayose, has accused Oyo State Governor, Seyi Makinde, of potentially orchestrating the recent abduction of students and teachers in Oriire Local Government Area to blackmail President Bola Tinubu. During a Monday interview on Channels Television, Fayose expressed suspicion regarding the timing of the incident and the Governor’s delayed response, suggesting a parallel to the insecurity-related political pressure previously faced by former President Goodluck Jonathan. Fayose noted that while he had previously commended President Tinubu’s management of inherited national challenges, he believes this specific incident was maneuvered to discredit the current administration.....KINDLY READ THE FULL STORY HERE▶

In a recent interview on Channels Television, former Governor Ayo Fayose alleged that the Oyo State government, led by Governor Seyi Makinde, may have been involved in the kidnapping of 46 pupils and teachers from Ahoro-Esiele and Yawota communities on May 15. Fayose argued that the Governor’s lack of immediate action following the abduction—prioritizing political nominations over visiting the affected families—raised significant red flags. According to Fayose, the incident appears to be a calculated effort to blackmail President Tinubu, mirroring past tactics used to destabilize previous administrations.

Option 3: Condensed Summary Ayo Fayose, the former Governor of Ekiti State, has leveled serious allegations against Oyo State Governor Seyi Makinde, claiming that the recent mass kidnapping in Oriire local government was likely an “orchestrated” event designed to blackmail President Bola Tinubu. Citing the suspicious timing and Governor Makinde’s delayed public response to the crisis, Fayose suggested on Channels Television that the abduction serves a political agenda intended to undermine the President’s administration.

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“Mambilla Corruption Trial Intensifies: EFCC Unveils Fifth Witness In $6 Billion Case”.

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The Economic and Financial Crimes Commission (EFCC) has introduced its fifth witness in the trial of former Minister of Power, Olu Agunloye, regarding the $6 billion Mambilla Power Project. Agunloye is appearing before Justice Jude Onwuegbuzie at the Federal Capital Territory High Court in Abuja to face a seven-count charge related to alleged contract fraud and official corruption. During the proceedings on June 1, 2026, the prosecution called Iliya John Iyakwari, an Assistant Director of Legal in the Federal Ministry of Justice currently serving as an Assistant Legal Adviser in the Ministry of Power. Iyakwari testified that he certified an extract of the Federal Executive Council (FEC) meeting minutes from May 21, 2003, at the request of the EFCC. He detailed the administrative process of fulfilling the agency’s request, confirming that he verified the documents—marked as Exhibits EFCC 3J and 3K—before sending them to the commission. The court has adjourned the case until June 8, 2026, for the cross-examination of the witness.....KINDLY READ THE FULL STORY HERE▶

As the trial of former Power Minister Olu Agunloye continues, the EFCC has presented its fifth prosecution witness to testify regarding the $6 billion Mambilla Power Project contract. The trial, overseen by Justice Jude Onwuegbuzie in Abuja, focuses on allegations of fraudulent contract awards to Sunrise Power Transmission Company Limited. On Monday, June 1, 2026, witness Iliya John Iyakwari, an Assistant Legal Adviser in the Ministry of Power, explained how he processed the EFCC’s 2023 request for an extract of 2003 FEC meeting minutes. Iyakwari confirmed the authenticity of the certified documents provided to the anti-graft agency. Following this testimony, the judge postponed the trial to June 8, 2026, to allow for the cross-examination of Iyakwari.

Option 3: Concise Summary

The $6 billion Mambilla Power Project trial involving former Minister Olu Agunloye saw the EFCC present its fifth witness, Iliya John Iyakwari, on June 1, 2026. Iyakwari, an Assistant Legal Adviser in the Ministry of Power, provided testimony regarding the certification of FEC meeting minutes requested by the EFCC as part of the evidence for the seven-count corruption case. After identifying the relevant exhibits in court, the witness testimony concluded for the day, and Justice Jude Onwuegbuzie adjourned the trial until June 8, 2026, for cross-examination.

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“Atiku Hits Back: Former VP Demands Proof Amidst Babachir Lawal’s Rigging Claims”.

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Atiku Abubakar, the presidential candidate for the African Democratic Congress (ADC), has formally responded to claims made by Babachir Lawal, the former Secretary to the Government of the Federation. Upon resigning from the party, Lawal alleged that Atiku exerted undue influence over the ADC’s national presidential primary election, questioning the integrity and fairness of the process. In a rebuttal issued by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku dismissed these accusations as baseless. The statement emphasized that the primary results accurately represented the will of party members nationwide and accused Lawal of damaging the party’s reputation without providing any supporting evidence, documents, or credible witnesses.....KINDLY READ THE FULL STORY HERE▶

Former Vice President Atiku Abubakar has fired back at ex-SGF Babachir Lawal following accusations of rigging in the ADC presidential primaries. Lawal, who recently resigned from the party, claimed that Atiku manipulated the selection process to secure a favorable outcome. Responding on Atiku’s behalf, Phrank Shaibu rejected the claims as mere speculation. The former Vice President’s camp challenged Lawal to provide tangible proof, noting that the primary election took place across thousands of wards with a clear, decisive result. They further asserted that Lawal’s failure to produce documents or witnesses highlights the unsubstantiated nature of his sensational allegations.

Atiku Abubakar has refuted allegations of electoral manipulation leveled against him by former SGF Babachir Lawal regarding the ADC presidential primaries. Following Lawal’s resignation and public criticism of the party’s primary process, Atiku’s spokesperson, Phrank Shaibu, condemned the remarks as damaging and evidence-free. The campaign reiterated that the primary outcome was legitimate, reflecting the collective decision of party members across the country, and dismissed Lawal’s claims as an attempt to spread misinformation without supporting facts.

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