Anybody Caught Selling Cement Above N2,500 Will Face Full Wrath Of The Law - CPC

By Wisdom Nwedene

The Consumer Protection Council, CPC, Abia State Chapter has warned Cement dealers not increase price of cement during and after the #ENDSARS Protest.

The Agency said anybody that is apprehended selling cement above 2,500 naira which is the official price in Abia State will face the full wrath of the law.

A statement made available to IGBERE TV, signed by Sir Nnabugwu Chidi, Chairman of CPC also said that the commission is making it known to the general public 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 statement reads,

"In accordance with the good governance of DR.OKEZIE IKPEAZU (PhD), 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."

"The commission in further inquiry with major cement companies was made to know that cement did not add any price from the companies."

"During investigations, the commission found out that middle men (DEALER'S/ DISTRIBUTORS) was behind the unbearable hick of the price of cement from N2,550 Naira to N4,500 Naira."

"The consumer protection council is making it known to the general public that cement is to be sold at it's normal price and anybody caught selling cement above N2,550 Naira from Monday 9/11/2020 will not only get his shop, store or warehouse sealed, but will also face the Court of law with immediate effect."

"Also, the commission is making it known to the general public 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 of the consumer protection council in his statement advised the good citizens of Abia State to remain calm in the trial period and keep faith with the government of DR.OKEZIE IKPEAZU."

Source: https://igberetvnews.com/1370950/anybody-caught-selling-cement-n2500-will-face-full-wrath-law-cpc/

price control should start from the factory not the person distributing to the final consumer

#2500 is too high for a bag of cement.

A bag should cost less than 1000naira.

While we were importing, we know how much we did buy it. Now that we produce and export, see the price.

Does Dangote want to tell us that he sells Cement at the high price he sells to Nigerians the cement exported out of Nigeria?
Cos it baffles me how he competes with cement producers outside Nigeria if he sells his exports so high like he does in Nigeria

Perhaps he is using our own money in Nigeria to subsidize the cements he sells outside Nigeria

In Abia?I blame Obasanjo that played us into the hand of Dangote, he promised cement wouldn't be sold more than 600 naira then but the price never go down beyond #1400 then, when he ban the importation of cement which suppose to good for our economy but it actually didn't help us in anywhere

I hope so.

I don't know the cost of production for cement but to me , the selling price shouldn't be more than #880 per bag for what we produce here and still export in large quantities.

No price control system that's why anyone decides what's best a price for them.

Jones4190:
price control should start from the factory not the person distributing to the final consumer

dangote is working with government to make we nigeria suffer. The price of dangote cement in ghana is 1k. Hw come we ar buying it here more than 2500? Dangote is a bank saving some politician money to avoid been probe. Even the new refinery is being buit by politician in the name of dangote. To avoid being probe. Nigeria should wake up

4,500 here in lekki

#5,000 from my side. we have entered one chance

Why should Cement be selling 2,500 in a country like Nigeria? , we are far behind in infrastructure, no good housing system and we have adequate stones and lime all over the country

We sell for ₦3000/₦3100 here, come and beat me, idiot.
The cement is not even available, you now have to wait for a week or more to receive your order.
Have you also checked price of feeds(poultry and fish), I was forced to borrow despite not making enough sales just to keep the business floating. You dey craze

Why did the price rise so high like that? Looks artificial to me.

People will just wake up in Nigeria and increase the price of their products with impunity,no regulations,no control...tufiakwa Nigeria.

.

Why should dangote peg the price of cement so high. This dangote has been enjoying monopoly for too Long.




Cement is been produced here in Nigeria but the price sold per bag is higher than that of another country importing same cement.

All some of these organisations do is talk and talk and talk.. When Dangote hiked his prices where una dey... I jus bought now for 3k...

Amotolongbo:
#2500 is too high for a bag of cement.

A bag should cost less than 1000naira.

While we were importing, we know how much we did buy it. Now that we produce and export, see the price.

Does Dangote want to tell us that he sells Cement at the high price he sells to Nigerians the cement exported out of Nigeria?
Cos it baffles me how he competes with cement producers outside Nigeria if he sells his exports so high like he does in Nigeria

Perhaps he is using our own money in Nigeria to subsidize the cements he sells outside Nigeria

Dangote Cement is Africa’s leading cement producer with operations in 10 African countries, revenues in excess of US$2.3 billion.
Dangote group is a fully integrated quarry-to-customer producer with production capacity of up to 48.6 million tonnes per annum (Mta) across Africa as at 2020.
Th company have operational facilities in Cameroon, Congo, Ethiopia, Ghana, Senegal, Sierra Leone, South Africa, Tanzania and Zambia.
Dangote Cement is the largest company on the Nigerian Stock Exchange, having listed its shares in October 2010.

Foolish CPC

what did I hear?

When we don't have price control why won't anyone sell for the price they wish to sell.

Meanwhile I am still buying a bag of cement at N3800 in PH

Nawa