Exploitative pricing: FCCPC gives 1-month moratorium to traders to crash prices

Pricing

By Ginika Okoye

The Federal Competition and Consumer Protection Commission (FCCPC), has given a one month moratorium to traders and other market stakeholders involved in exploitative pricing to crash the prices of goods.

The newly appointed Executive Vice Chairman of the FCCPC, Mr Tunji Bello, said this at a one-day stakeholders engagement on exploitative pricing in Abuja.

According to Bello, the Commission will begin enforcement after the moratorium.

He said that the meeting was to address the growing trend of unreasonable pricing of consumer goods and services and the unwholesome practice of market associations.

Bello gave a description of the Commission’s finding that a fruit blender known as Ninja was being sold at a popular supermarket in Texas for 89 dollars (N140,000.00) but the same product was displayed for N944,999.00 in a supermarket in Victoria Island, Lagos.

Bello wondered the basis for the arbitrary hike in the price of the blender compared to the Texas, United States of America.

He said the unwholesome practices including price fixing was threatening the stability of the economy.

”Under Section 155, violators, whether individuals or corporate entities, face severe penalties including substantial fines and imprisonment if found guilty by the court..

”This is intended to deter all parties involved in such illicit activities.

”However, our approach today is not punitive. I, therefore, call on all stakeholders to embrace the spirit of patriotism and cooperation.

”It is in this spirit that we are giving a moratorium of one month (September) before the Commission will start firm enforcement, ” he said.

Bello said the government was aware of most of the problems raised by the market stakeholders.

”We have heard and you have genuine issues and the government has the responsibility to address the problems but generally, let us talk to ourselves too.

”There are also gang ups to exploit consumers by traders,” he said.

Some of the market stakeholders who spoke at the engagement said that high cost of transportation, insecurity, multiple taxation among others were reasons for the continuous increase in prices of goods and services.

Mr Ifeanyi Okonkwo, the Chairman, National Association of Nigerian Traders, FCT Chapter, said that charges on imported goods at the Ports also contributed to the hike in prices.

Okonkwo appealed to the Commission to set up a taskforce and involve the association in its enforcement.

Mr Emmanuel Odugwu from Kugbo Spare Parts market, said the initial cost of transportation of a trailer load of tyres from Lagos to Abuja was N450,000 but now, it costs over one million naira to transport the same.

Ms Kemi Ashiri, the Liaison Manager, Flour Mills, said that fines by regulators needed to be harmonised for businesses to thrive.

Ikenna Ubaka, who spoke on behalf of supermarket owners, alleged that banks’ interest rates to them were over 30 per cent, rent increment and hike in prices by distribution/ supply chains were reasons for the high cost of goods.

Ubaka also alleged that electricity distribution companies were charging supermarkets exorbitantly.

Mr Solomon Ukeme, who represented the Master Bakers Association, said that rapid increment of major ingredients like flour, sugar and butter contributed to the high cost of confectioneries.

He said that a bag of flour formerly sold for N34,000 was now being sold for N74,000.

He said that multiple taxation was also the major cause of the high cost of bread.

The News Agency of Nigeria (NAN) reports that various market associations also attended the engagement. (NAN)

Edited by Ese E. Eniola Williams

NAF trainer aircraft in minor accident – Spokesman

By Sumaila Ogbaje

The  Nigerian Air Force (NAF),  says its Super Mushshak trainer aircraft was involved  in a minor mishap at about 2.35 pm on Thursday,  with no casualty.

The Director, Public Relations and Information, NAF, AVM Edward Gabkwet, made this known in a statement in Abuja.

Gabkwet said the accident, which occurred at about 3.5 nautical miles from Kaduna Military Airfield, involved two pilots who were returning from a routine training flight.

He said that both pilots came out of the accident unscathed.

According to him, the Chief of Air Staff, Air Marshal Hasan Abubakar, had since directed  preliminary investigations to ascertain  immediate cause of the accident. (NAN) (www.nannews.ng)

Edited by Chioma Ugboma

CAS commiserates with families of deceased crew of crashed MI-171E Helicopter

By Sumaila Ogbaje

Chief of the Air Staff, Air Marshal Hasan Abubakar on Wednesday visited and commiserated with the families of the deceased crew members of the ill-fated MI-171E Helicopter that crashed in Niger on Aug. 14.

The Director of Public Relations and Information, Nigerian Air Force (NAF), Air Commodore Edward Gabkwet, made this known in a statement on Wednesday in Abuja

Gabkwet said the air chief visited the families in Port Harcourt, Rivers.

While condoling the families over the painful loss, Abubakar said the loss was a major setback for the NAF, which would take the service some time to get over.

He assure the families that the NAF would never abandon them but always stand by them till the end.

He also assured them that the sacrifices of their loved ones would not be in vain, adding that the NAF family, as well as all Nigerians would forever remember them for giving their lives for the survival of the nation.

“The NAF will always stand with you and support you till the end,” he said.

In another event, the CAS while interacting with officers and personnel of the NAF unit, appreciated them for their commitment and efforts in the ongoing joint-military operations in the Niger Delta.

He also assured them that the sacrifices of their fallen colleagues would not be in vain, adding that the service would do everything possible to forestall such occurrences in the future.

According to the statement, the NAF MI-171E Helicopter crashed while on casualty evacuation mission in Niger on Aig. 14 killing the entire passengers and four NAF crew members on board.

“The decreased crew members include Flt.-Lt. Adamu Ibrahim, Flt.-Lt. Anthony  Duryumus, Lance Cpl Alaribe Daniel and Lance Cpl Briggs Stephen Peter.

“It is important to also mention that two NAF Regiment personnel, Cpl Jauro Amos and Lance Cpl Abdulrahman Abubakar, also lost their lives as part of the Nigerian Army personnel who were recently ambushed and killed by terrorists in Niger State,” Gankwet said. (NAN) (www.nannews.ng)

Edited by Julius Toba-Jegede

3 Officers, 22 soldiers killed in Niger Ambush, says DHQ

 

By Sumaila Ogbaje

The Defence Headquarters has provided detail on the soldiers killed in an ambush and the crash of Nigerian Air Force (NAF) MI17 helicopter on Monday in Niger State.

The Director, Defence Media Operations, Maj.-Gen. Edward Buba, while briefing newsmen on Thursday, said that a total of 36 officers and soldiers were involved in the two incidents.

Buba said that three officers and 22 soldiers paid the supreme price in the ambush in Zungeru general area while seven were wounded in action.

He explained that the NAF helicopter was on a mission to evacuate the deceased and wounded troops when it crashed at Chukuba area of Shiroro Local Government Area of the state.

He said the crashed helicopter was conveying 14 bodies of the previously killed soldiers and the seven wounded ones as well the two pilots and two crew members on board.

“The ambush and the fire fight resulted in the death of three officers, 22 soldiers, while seven were wounded in action.

“As a result of this, there was need for casualty evacuation whereby the air force helicopter was dispatched while that operation was on and inbound to Kaduna, the helicopter crashed.

“It crashed with 14 of the previously killed in action personnel at the ambush, seven of the previously wounded in action personnel at the ambush, two pilots of the helicopter and two crew members.

In his contribution, the Director of Public Relations and Information for NAF, Air Commodore Edward Gabkwet, said the cause of the crash was yet to be determined, saying operations were ongoing to unravel the cause of the accident.

Gabkwet urged the public to be wary of the kind of things they send on social media, saying they should not allow themselves to be used as as communication equipment to spread propaganda by enemies of the state.

He said military had continued to be open about its operations, adding that accidents in military operations was nothing to be to be ashamed of, as an organisation.

“We are fighting an insurgency and if anybody thinks insurgency is something that is tackled in such an easy way, then you should go back to the history books and find out how other nations have been facing the same problem.

“What we what we see in other countries is the citizens of those countries rallying around their armed forces and supporting them,” he said. (NAN) (www.nannews.ng)

edited by Sadiya Hamza

Niger governor sympathises with NAF over helicopter crash

 

By Sumaila Ogbaje

Gov. Muhammed Bago of Niger has sympathised with the Nigerian Air Force (NAF) over the unfortunate crash of its helicopter that was on evacuation mission in the state on Monday.

Bago gave his condolence message when he visited the Chief of Air Staff (CAS), Air Marshal Hassan Abubakar, on Tuesday in Abuja.

He also sympathised with the entire Armed Forces of Nigeria and the Nigerian Army over the killing of some troops in an ambush, while on clearance operation in Wushishi area of the state.

He said the helicopter crash, which happened within the mountains of Shinoro was on evacuation mission to where some soldiers were ambushed and killed by terrorists.

The governor thanked the air force for its intervention and support for the people of Niger State in the fight against insurgency and banditry.

“I want to say don’t be tired, thank you very much for what you have been doing.

”Your deployment of both fighter jets and UAVs has been very apt and have supported even the ground troops and our own local vigilante.

“As Oliver twist, please will also ask that we need more.

“So I’ve come here to say that Minna Airport was created as a backup airport to Abuja Airport and that we have one of the longest runways in Nigeria.

“We are calling on you to please send some detachments and some fighter planes to Mina, so that we can have more rapid responses from where they are very close instead of flying from either Kainji or Kaduna,” he said.

Bago promised to extend more support to the air force in the areas of information sharing and accommodation to enable them to perform their assigned duties effectively.

He said that the government was making efforts to address the root causes of the security challenges in the state, saying there was a symbiotic relationship between the Fulani herdsmen and the miners who are the main actors.

He said the new administration had made effort to bring Fulani into governance through the creation of the Ministry for Nomadic and Pastoral Affairs to look at their activities.

Responding, the air chief appreciated the state government for the support and cooperation that the Nigerian Air Force had been receiving in the state over the years.

Abubakar said the air force was well aware that Niger State and other states of the North West region were plagued by the threats of banditry, insurgency, and other security challenges.

According to him, these challenges have threatened or have continued to threaten the peace, security and wellbeing of the people.

He assured the governor that the NAF and indeed the armed forces would remain committed, dedicated and undaunted in their efforts at eradicating the security challenges perpetrated by the non-state actors.

Abubakar said the air force had continued to increase the air power commitments to deter the activities of the criminal elements in Niger and the North West region as a whole.

“Our approach now is to intensify our activities in tandem with the land forces and to completely eradicate all these criminal elements to at least significantly degrade their combat capability.

“This is also in tandem with my command philosophy, which is “to transform the Nigerian Air Force into an Agile and Resilient Force which is Capable of Meeting all the Air Power Demands of National Security in all Operational Environments,” he said.

He said that in spite of the commitment, dedication and the efforts that were being put at eradicating the security challenges, there were still a couple of issues that bothered NAF

He said that one of which was the crash of the airplane on Monday.

“The fact is that, as long as we operate, as long as we fly airplanes, there will be incidents and accidents.

“In fact, the volume of incidents and accidents is directly proportional to the rates of operations.

“You will have also observed that in the past couple of years, say five to seven years, we have inducted quite a few platforms in the Nigerian Air Force,” he said.

According to him, the rates of force flying activities have significantly improved.

“So if you compare that same with 20 years back, you see that there is a stark difference and sometimes this comes with its own challenges.

“So as long as we fly, we will see some of these challenges and we hope they don’t happen but when they happen we take it and then we deal with it,” he said.

The air chief said that NAF under his command would strive for zero incidence and zero accidents in any operational environment.

According to him, they are putting a lot of initiatives in place to check it by adopting safety management systems in all operations and operational risk management procedures as well as so many other initiatives.

He agreed with the governor that operating out of Minna would significantly improve effectiveness and efficiency as well increase response time and reduces the time over target.

The CAS emphasised the need for increased government intervention through non-kinetic action, adding that kinetic actions could only resolve 20 to 30 per cent of the internal security issues.

According to him, the remaining 70 to 75 per cent can only be resolved through the whole of government approach.

“So, while we are intensifying our kinetic efforts, it is extremely important that the government embraces the whole-of-government approach in addressing these challenges so that at the end of the day they are completely eradicated.

“The whole of government approach does deals with good governance, providing education, healthcare, economic opportunities, jobs and the likes.

“I also want to use this opportunity to solicit the support of all Nigerians, especially in the areas of information sharing as we join hands to rid our nation of the threats posed by these enemies of the people.

“Security remains responsibility of all Nigerians and the earlier we realise that and jointly work against the squad of terrorism and other security challenges, the better for our nation,” he said. (NAN) (www.nannews.ng)

Edited by Dorcas Jonah/Isaac Aregbesola

NAF trainer aircraft crashes in Makurdi

 

By Sumaila Ogbaje

A Nigerian Air Force (NAF) FT-7NI trainer aircraft crashed at about 4.15p.m. on Friday in Makurdi, Benue, while on routine training exercise.

 

The Director, Public Relations and Information, NAF, Air Commodore Edward Gabkwet, made this known in a statement on Friday in Abuja.

 

Gabkwet said the two pilots on board survived the crash after successfully ejecting from the aircraft.

 

According to him, there was no loss of lives or damage to any property around the area of impact.

 

“Both pilots are currently under observation at NAF Base Hospital, Makurdi.

 

“Meanwhile, the Chief of Air Staff, AVM Hassan Abubakar, has constituted a Board of Inquiry to determine the immediate and remote causes of the crash,” he said. (NAN) (www.nannews.ng)

Edited by Angela Okisor/Maharazu Ahmed

Plane crash: NAF buries officers

By Yahaya Isah

The Nigerian Air Force (NAF) on Thursday in Abuja, buried its personnel who died in the Beechcraft King Air B350i crash on Feb. 21.

The officers were buried in National Military Cemetery, Karonmajigi, Airport Road, Abuja.

The Chief of Air Staff (CAS), AVM Oladayo Amao, said that the officers had paid the supreme price in the service to the nation.

“I stand here today bearing my personal grief as well as the entire NAF and the country as we lay to rest the remains of our fallen colleagues while in active duty to the service of their fatherland.

“I must confess that even at this moment, NAF is still in palpable shock and grieving very deeply upon this loss of our gallant and courageous heroes,” he said.

Amao said that it was in connection with the concerted efforts to secure the release of the staff and students abducted from the Government Science College Kagara, Niger that the officer died.

He advised that the death of the officers and airmen ought to spur the rest of Nigerians to relentlessly expose and fight crimes.

“We must throw everything that we have into this fight to ensure that our departed colleagues did not die in vain.

“Their death is a huge loss to NAF family and indeed the entire nation.

“They will be greatly missed but fondly remembered for their invaluable services to the nation and humanity,” he said.

The CAS also assured the families of the late officers that the service is with them at this time, as well as others both within and outside the country.

Earlier, the Director, NAF Chaplaincy Protestants, Group Capt. Dogo Gani, prayed that the remains of the fallen heroes continue to rest in peace.

Gani urged all the NAF personnel as well as the civilian staff of the service to make it a point of duty to pray for the souls of the fallen heroes to rest in the bosom hands of the Almighty God.(NAN)

error: Content is protected !!