Connect with us

Latest News

Consumer Protection Commission Rejects Airfare Increase

Published

on

Consumer Protection Commission Rejects Airfare Increase

The increase in airfares by airlines may not take off soon as opposition has come from the Federal Competition and Consumer Protection Commission.

The commission has ordered airline operators to immediately discontinue the current implementation of airfare increase pending the outcome of its investigation.

The Executive Vice Chairman of the Federal Government’s agency, Mr Babatunde Irukera, said this in a statement on Wednesday in Abuja.

Irukera said the interim order was in line with Sections 17(a),(e),(l),(s),18(3)(a), 157 and 158 of the FCCPAct.

Irukera said that the commission’s investigations revealed that airline operators in supposedly association meetings discussed multiple industry-wide issues; particularly challenges experienced by their members.

He said that credible information revealed that while attendees at the meeting did not arrive at a consensus, the meeting ended in a resolution that encouraged or consented to the coordinated conduct.

According to him, the FCCPA prohibits conduct or any coordination between competitors including on the platform of trade associations.

READ ALSO: Buhari Approves $8.5m For Evacuation Of Nigerians From Ukraine

”Specifically, Section 107 (1)(a) forbids competitors from fixing prices, while Section 108 prohibits any conspiracy, combination, agreement or arrangement between competitors in any manner that unduly restrains or injures competition.

”Coordination in increasing prices otherwise known as cartel is an unambiguous infringement of the FCCPA.

”The current and prevailing Nigerian Civil Aviation Regulations (Air Transport Economic Regulations) in Regulation 18.15.2 (i) and (iii) expressly prohibit airlines from engaging in any contract, arrangement, understanding, conspiracy or combination in restraint of competition.

”This includes directly or indirectly fixing a charge, fee, rate, fare or tariff and any collusive action.

”The commission in addition to engaging the relevant stakeholders is entering and dispatching interim orders under Sections 17(a),(e),(l),(s),18(3)(a), 157 and 158 of the FCCPA.

”Prohibiting the performance or continuation of any agreement or arrangement associated with, or resulting from discussions, deliberations, debates, argument or resolutions of/at any meeting.

”Regarding any increase in airfares and or any conduct not necessarily directly in compliance, but in response to changes in the market on account of compliance by others,” he said.

Irukera enjoined scheduled domestic airline operators to ensure strict and prompt compliance with the interim order pending the outcome of the commission’s investigation.

The News Agency of Nigeria reports that domestic airline operators resolved to increase airfares by 100 per cent with effect from March 1.

The resolution adopted by all the domestic operators will peg the least economy ticket at N50,000.
(NAN)

 

Read more authentic news on our social media platforms

Continue Reading
Click to comment

Latest News

BREAKING: PDP Suspends Anyim, Fayose

Published

on

Anyim and Fayose

Former governor of Ekiti State, Ayodele Fayose; former president of the Senate, Pius Anyim; Prof Dennis Ityavyar and Aslam Aliyu were on Thursday suspended from the Peoples’ Democratic Party (PDP).

The PDP made the suspension on Thursday after an extensive review of the affairs of the party, pursuant to the provisions of the PDP Constitution (as amended in 2017).

The PDP also referred the Governor of Benue State, Samuel Ortom, to the National Disciplinary Committee over his reported involvement in anti-party activities.

This was disclosed in a statement signed by the National Publicity Secretary, Debo Ologunagba.

“The PDP urges all leaders, critical stakeholders and teeming members of our party across the country to remain united and focused at this critical time,” the statement added.

 

Continue Reading

Latest News

BREAKING: Ekweremadu, Wife Found Guilty Of Organ-trafficking In UK

Published

on

Ekweremadu and his wife

A United Kingdom court has found former Deputy Senate President, Senator Ike Ekweremadu, 60, his wife Beatrice, 56, and Dr Obinna Obeta, 50,  guilty of an organ-trafficking plot, which saw them bring a 21-year-old man to the UK

They were convicted of conspiring to exploit the man from Lagos for his kidney, reports the BBC.

Prosecutors told the Old Bailey the organ was to be removed and given to the couple’s daughter, Sonia, aged 25.

She was cleared of the same charge.

The victim, a street trader from Lagos, was brought to the UK last year to provide a kidney in an £80,000 private transplant at the Royal Free Hospital in London.

They were later arrested at the airport while trying to leave the UK.

Continue Reading

Latest News

NLC Orders Workers To Shut CBN Offices Nationwide Over Naira Scarcity

Published

on

NLC Suspends Plan To Protest Against Fuel Subsidy Removal

Worried about the continued scarcity of naira, the Nigeria Labour Congress (NLC) has officially declared a nationwide . The national president of the union, Joe Ajaero, gave the directive during a media briefing in Abuja.

Ajaero also directed that affiliate unions constituting the NLC should be on standby for picketing exercises across all branches of the Central Bank of Nigeria nationwide.

The NLC earlier issued a seven-day ultimatum to the Federal Government to end the petrol and cash scarcity being experienced in the country.

Ajaero told journalists on Wednesday that the industrial action became the last resort of the NLC following the expiration of the ultimatum.

He said the decision to picket the CBN branches became necessary as the federal government and the CBN had failed to show any commitment to addressing the situation.

Ajaero lamented that despite the Supreme Court order that the old N200, N500 and N1000 notes remain legal tender until December 31, 2023, the situation kept getting worse.

He said workers could not access cash to pay fares to work.

He also criticised the pricing irregularities in the petroleum sector.

“Last week, we gave an ultimatum for the review of the cash crunch bedevilling the country, but we have discovered to our dismay that as at this moment not much effort has been made to ameliorate the situation. Government is still foot-dragging on these issues we raised,” Ajaero said.

“Based on this, we met again this morning to review our position and resolved that by Wednesday next week all CBN branches will be picketed. Workers are directed to stay at home too because people cannot eat, workers can no longer go to the office, we have been pushed to the wall.

“We have decided to take our destiny in our hands, we have mobilised our workers on this exercise.”

The NLC has no fewer than 43 affiliate unions which include, but not limited to, the Academic Staff Union of Universities, the Nigeria Union of Pensioners, and the National Union of Road Transport Workers.

Continue Reading

Top Stories

%d bloggers like this: