The Abia State chapter of the Consumer Protection council has frowned on the report that cement dealers in Abia State hicked the price of cement during and after the #ENDSARS PROTEST.
In a statement, the Commission said further inquiries with major cement companies revealed that cement did not add any price from the companies.
The Chairman of CPC in the State, Sir Nnabugwu Chidi, said the Commission during investigations, found out that middle men (DEALER’S/ DISTRIBUTORS) were behind the unbearable hike of the price of cement from N2,550 Naira to N4,500 Naira.
The statement made it clear that cement is to be sold at its normal price of N2,550 Naira from Monday 9/11/2020 and anybody found to selling cement above that will not only get his shop, store or warehouse sealed, but will be prosecuted.
The commission further revealed that hoarding of products to influence the price is a crime and against the laws of the FEDERAL COMPETITION AND CONSUMER PROTECTION COUNCIL (FCCPC) and such act will attract sealing of the shops, stores or warehouses and other Court action too.
The Chairman further advised the good citizens of Abia State to remain calm in the trial period and keep faith with the government of DR.OKEZIE IKPEAZU.
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