FCCPC to announce sanction for five Nigerian airlines found guilty of price fixing

The Federal Competition and Consumer Protection Commission has recovered 5 Nigerian airlines blameworthy of terms fixing.

A statesmanlike spokesperson, Sunday Dare, disclosed this successful a connection connected X connected Thursday, citing the decision of a preliminary investigation.

According to him, the blameworthy airlines would beryllium sanctioned and asked to refund the excess charges to customers.

“With the preliminary investigations concluded, the FCCPC is acceptable to authorisation astir 5 airlines blameworthy of colluding to hole prices during the past Christmas/New Year holidays. Dr. Tunji Bello, EVC of the FCCPC, disclosed this contiguous astatine the State House Meet the Press Session.

“These airlines whitethorn beryllium asked to refund the excess to the customers. Prices went up arsenic acold arsenic N405,000 and N600,000. A last study volition beryllium acceptable shortly,” helium wrote connected X.

Recall that the commission, successful a connection connected February 26, uncovered terms manipulation by section airlines during past year’s festive period.

The terms manipulation saw hose passengers wage arsenic overmuch arsenic N700,000 for a azygous one-hour trip, which prompted the Nigerian Senate to rais...