The Federal Competition and Consumer Protection Commission (FCCPC) has raided three steel manufacturing companies in Ogun State as part of an investigation into alleged substandard production and anti-competitive practices.
The FCCPC, in a statement on Saturday, said the affected companies are African Foundries Limited (AFL), Monarch Steel Mill Limited and Kam Steel Integrated Company, all located in Ogun State.
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The Acting Executive Vice Chairman of FCCPC, Adamu Abdullahi, said that the reason the commission visited these companies was based on intelligence that anti-competitive behaviour might be going on as alleged.
“Essentially, we got intelligence and surveillance reports that these companies in question are allegedly involved in some anti-competitive behaviour.
“That is the reason we decided to come to these three companies so that we can take samples of their…
Source: Guardian Newspaper
