The Federal Competition and Consumer Protection Commission (FCCPC), has called on persons with complaints or dissatisfaction with respect to consumer services in the shipping industry to report to the commission.
The commission’s Chief Executive Officer, Mr Babatunde Irukera, in a statement in Abuja on Monday, said that anyone with relevant information on illegal activities within the industry should provide same to the Commission either anonymously or in exchange for immunity.
He also invited companies in the industry that would wish to take advantage of leniency provisions in the Federal Competition & Consumer Protection Act (FCCPA) to immediately engage with the Commission before they became specific targets.
According to him, FCCPC executed a judicial warrant of the Federal High Court to search and gather information in furtherance of an active investigation of potential infringements of the FCCPA on five companies within the shipping industry.
“Prior to the execution of the search warrant and order of the court, the Commission had gathered credible and actionable intelligence sufficient to establish probable cause and reasonable basis for the court to issue a warrant. The intelligence indicate that the five companies identified in the warrant have over a period of time, within and outside Nigeria participated in, or coordinated anti-competitive conduct.
“The Commission also got an order permitting its executives and operatives to conduct a search of the companies named in the warrant and order. The conducts have materially affected or distort the market in Nigeria, including preventing fair competition and engendering continuing high freight rates and associated costs to and in Nigeria,’’ Irukera explained.