Amidst ongoing investigations into Erisco Food’s arrest of its Nigerian customer, Chioma Egodi, the company may find itself facing legal action as the Federal Competition and Consumer Protection Commission (FCCPC) steps in.
Babatunde Irukera, the Vice Chairman and CEO of the FCCPC discussed the potential for legal action against the company during an interview on Arise News earlier today.
Speaking candidly Irukera stated,
He also addressed the company’s decision to involve law enforcement in the matter expressing concerns about this approach, stating,
Regarding the role of the police in the matter, Irukera acknowledged their duty to investigate allegations but cautioned against misusing law enforcement resources for non-criminal matters. He stated,
Irukera also shed light on the FCCPC’s swift response to the situation, stating,
Empathizing the decisions reached by the body, he explained that As for potential penalties and fines for breaching competition laws, “it’s important to note that the investigation is still in its early stages. The statement alleges anti-competitive conduct, and we are committed to investigating it thoroughly. We need to gather evidence and verify claims before reaching any conclusions.
