Buhari assents bill to check monopoly, price fixing

President Muhammadu has assented to the federal competition and consumer protection bill to check monopoly and protect consumers from unfair practices.

The act restrain issues such as agreements for price fixing, price rigging, collusive tendering with specific exemptions for collective bargaining agreement, employment among others.

Under the new act, the FCCP commission replaces the consumer protection council established by the act and also makes provision for a Tribunal to handle issues and disputes arising from the operations of the Act.

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