Consumer Law Naija

5 Interesting facts you need to know about the New Federal Competition and Consumer Protection Act          Credit : von.gov.ng Great news! President Muhammadu Buhari just signed into law the Federal Competition and Consumer Protection Bill thereby making it the Federal Competition and Consumer Protection Act. The New Federal Competition and Consumer Protection Act repeals the Consumer Protection Act, Cap. 25, Laws of the Federal of Nigeria, 2014. The Act seeks to ensure economic efficiency, maintain competitiveness in the Nigerian Market, encourage innovation, prohibit restrictive business practices and protect the welfare of consumers most especially as regards the right to choose and have access to a variety of products and services at fair and competitive prices. The Act has introduced new provisions that if implemented, would revitalize the economy significantly. I would highlight five of them for the purpose of this blog post. 1. Scope of ...

5 Agencies that are responsible for enforcing your right as a consumer I have previously taken you through your 8 Consumer rights. It is assumed that you are aware of your rights as a consumer. The question now is if my rights are violated, which agencies do i go to enforce my consumer rights and how effectively would they resolve my complaints? This was one of the issues i had to deal with when our electricity supply was disconnected. At first, we were skeptical about the ability of NERC to handle our complaints promptly and efficiently but we became impressed when they resolved our issues with the electricity distribution company amicably and without delay. Photo Credit: dreamtime.com The 5 agencies that are responsible for enforcing your rights as a consumer are: 1 . : Consumer Protection Council is a parastatal of the Federal Government of Nigeria, supervised by the Federal Ministry of Trade and Investment. It was established by virtue of the Consumer Protection Coun...