Connect with us

News

FCCPC Warns Transport Companies Over Unfair Fare Hikes During Festive Season

The FCCPC has warned transport operators against exploiting travellers through unfair fare hikes during the festive season, stressing that while price increases are not illegal.

Published

on

Oshodi
Oshodi
  • The FCCPC has warned transport operators against exploiting travellers through unfair fare hikes during the festive season, stressing that while price increases are not illegal.
VN62

The Federal Competition and Consumer Protection Commission (FCCPC) has clarified that increases in transport fares during the yuletide season are not illegal on their own, but cautioned that exploitative or unfair practices by road transport operators will attract regulatory sanctions.

The clarification was contained in a statement issued on Sunday by the Commission’s Director of Corporate Affairs, Ondaje Ijagwu, amid rising complaints from Nigerians over arbitrary fare hikes by inter-city road transport operators across the country.

According to the FCCPC, while transport pricing may be influenced by legitimate factors, operators must act responsibly. The Commission acknowledged that “Seasonal demand, operational pressures, and other legitimate cost factors may affect transport pricing.” However, it stressed that transparency remains non-negotiable.

The statement noted that “consumers are entitled to clear, accurate, and timely information on fares before travel. Any fare adjustment must therefore be transparently communicated and applied fairly.”

The FCCPC also expressed concern that the reported fare hikes were occurring despite ongoing reductions in the pump price of premium motor spirit in some parts of the country. It stated that “While fuel cost is only one of several inputs that may influence transport fares, increases that are not properly explained or disclosed raise valid consumer protection concerns.”

Advertisement
whatsapp group

Commenting on the issue, the Executive Vice Chairman and Chief Executive Officer of the Commission, Mr Tunji Bello, said the FCCPC was closely monitoring market conduct throughout the festive period. He disclosed that the Commission had intensified engagements with transport unions, park managers, and operators nationwide as part of preventive measures.

DON’T MISS: BREAKING: NNPCL Reduces Fuel Price by N80 in Third Reduction This December

Bello explained that the engagements are aimed at promoting responsible pricing, voluntary compliance, and orderly market behaviour. He reiterated that “Price increases are not, in themselves, unlawful,” but warned that “conduct that exploits consumers or takes unfair advantage of heightened seasonal demand may attract regulatory attention under the Federal Competition and Consumer Protection Act (FCCPA) 2018.”

He further warned that practices such as inadequate fare disclosure, coercive conduct, or coordinated pricing arrangements among operators to the detriment of consumers would face strict regulatory scrutiny. According to him, “Where cases of violation are established, culprits face stiff penalties.”

The Commission advised commuters to always confirm fares before travelling, retain proof of payment, and promptly report suspected unfair practices through the FCCPC complaint portal or designated hotlines.

Advertisement
WhatsApp

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

eu eu
News2 days ago

BREAKING: EU Removes Nigeria from ‘High-Risk’ Financial List

Nigeria has been taken off the European Union’s list of high-risk jurisdictions after strengthening its anti-money laundering framework.

atiku son atiku son
Politics2 days ago

Atiku’s Son, Abba Abubakar, Dumps PDP for APC, Vows to Mobilise Support for Tinubu’s 2027 Re-election

Abba Abubakar, son of former Vice President Atiku Abubakar, has defected from the PDP to the APC, pledging to mobilise...

us visa us visa
World News4 days ago

BREAKING: U.S. Freezes Visa Processing for Applicants From Nigeria, 74 Other Countries (Full List)

The United States State Department is preparing to indefinitely suspend visa processing for applicants from at least 75 countries...

osimhen g osimhen g
Sports2 weeks ago

Osimhen Closes In on Yekini’s Goal Record After AFCON Brace

Victor Osimhen moved within three goals of Rashidi Yekini’s long-standing Nigeria scoring record after netting twice in the Super Eagles’...

nigeria team nigeria team
Sports2 weeks ago

Nigeria Hit Four in AFCON Knockout for First Time in 32 Years

Nigeria delivered a historic performance at the Africa Cup of Nations, scoring four goals in a knockout match for the...

joshua joshua
Sports2 weeks ago

Anthony Joshua May Quit Boxing After Deadly Nigeria Crash — Uncle Gives Reason

Former world heavyweight champion Anthony Joshua is considering stepping away from boxing following a tragic car crash in Nigeria that...

Screenshot 2026 01 05 160938 Screenshot 2026 01 05 160938
News2 weeks ago

Lagos Begins Clearance of Illegal Structures Along Lagos–Badagry Expressway

The Lagos State Government has commenced clearance operations along the Lagos–Badagry Expressway to remove illegal structures and ease traffic congestion...

cheating20in20exams cheating20in20exams
Education2 weeks ago

FG Discovers New Strategy to End WAEC, NECO Malpractice

The Federal Government has announced fresh strategies, including technology-driven reforms and stricter oversight, to tackle examination malpractice in WAEC and...

INECVerseNewsNG1 INECVerseNewsNG1
News2 weeks ago

INEC Resumes Nationwide Voter Registration as Second Phase Begins

The Independent National Electoral Commission has resumed the Continuous Voter Registration exercise across the country...

Yahaya Bello On Watchlist Yahaya Bello On Watchlist
Politics2 weeks ago

‘Yahaya Bello Remains Innocent Until Proven Guilty’, EFCC Declares

The Economic and Financial Crimes Commission has reaffirmed that former Kogi State Governor Yahaya Bello remains innocent until proven guilty.

Advertisement